Slim pickings in South Africa

Country profile

South Africa is now mentioned in the same breath as the so-called Bric major emerging economies - Brazil, Russia, India and China. Evidence of the country's economic growth is everywhere to see, with the Johannesburg Stock Exchange All Share index shooting up by an impressive 38% in 2006. And unlike the Bric economies, South Africa already has a mature financial infrastructure in place. It therefore comes as a surprise that structured products issuance there contracted last year, according to

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