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Sub-Saharan Africa growth 92% correlated to China

International

Don't be fooled into thinking sub-Saharan African growth is being driven by political, macro-economic or regional reforms.

According to emerging market specialist from Frontier Advisory, Dr Martyn Davies, the growth correlation between China and 47 sub-Saharan countries is as much as 92%.

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“African growth is underpinned by Chinese demand and Chinese growth is dependent on the ability of Africa to produce commodities,” he told the Sanlam Investment Management African Cup of Investment on Friday.

* Evan Pickworth was flown to and hosted at the conference in Cape Town by Sanlam Investment Management. - I-Net Bridge

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