Meeting the Sphinx: The experience of South African firms doing business in Egypt

"This report is based on a series of interviews conducted in Egypt during May and June 2005 to elicit and analyse information on South African-based companies and subsidiaries operating in Egypt.The survey covered a wide range of South African business interests, and involved the sectors of construction, retail, manufacturing, franchising, agriculture, shipping, chemicals and engineering.Egypt was selected because of both the increasing interest that South African businesses have shown in that country, and its status as the second-largest economy in Africa. South African and other foreign investors have been attracted by Egypt's macroeconomic stability and impressive economic growth of 4.4% over the past eight years.Egypt's strategic location at the crossroads between North Africa and the Middle East has also encouraged South African companies wishing to expand via Egypt into the rest of the region to investigate trade and investment opportunities in that country."