As South Africa continues to face stagnant economic growth, spurred by political and economic instability, the country’s multinational enterprises (MNEs) are expected to not only increase their foreign investment outflows, but also to set up corporate offices abroad, a new survey reveals. South Africa’s top 20 MNEs have operations in a combined 502 countries and, although the list is expanding, MNEs outside of the top 20 are also increasing their foreign stakeholding.
Source: www.engineeringnews.co.za
Sluggish local economic outlook leads big companies to seek growth abroad
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