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Open Economies - Awe and Unease as South Africa Stretches Out

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Awe and Unease as South Africa Stretches Out

  • To: "'openeconomies(at)cyber.law.harvard.edu'" <openeconomies(at)cyber.law.harvard.edu>
  • Subject: Awe and Unease as South Africa Stretches Out
  • From: "Moore, James" <jmoore(at)geopartners.com>
  • Date: Sun, 17 Feb 2002 11:00:10 -0500
 The following article, in today's New York Times, provides a fascinating
briefing on the evolution of business across Africa. I've attached an
excerpt below:
 
 http://www.nytimes.com/2002/02/17/international/africa/17AFRI.html


February 17, 2002

Awe and Unease as South Africa Stretches Out
By RACHEL L. SWARNS
 
 
OUALA, Cameroon - The strangers from the south set up shop in this port city
of rusting shacks and neglected buildings two years ago and soon thousands
of sleek cellphones were chirping in one of the world's poorest countries. 

Cameroon's shabby and unreliable railway started carrying more cargo and
passengers than before. When foreigners chattering in Zulu and Afrikaans
started buying beers in the faded hotels, the bartenders knew it could mean
only one thing. 

The South Africans had arrived. 

Shaking off decades of apartheid- era isolation, South African executives,
both black and white, are moving north to buy struggling banks, rebuild
rundown railways and bring first-world technology, including cellphones,
cash machines and locomotives to an impoverished continent. 
 <<Awe and Unease as South Africa Stretches Out.url>>

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