Africa must do more to advance its own development – Manuel

Africa’s business sector and governments must push harder in addressing the challenges facing the continent, as the biggest threat to its development is complacency, said insurance and investment management company Old Mutual chairperson and former South Africa Finance Minister Trevor Manuel. “Economic growth of Southern Africa this year is expected at 2.5% and may go higher over time. However, the demographic dividend suggests that the population is growing faster than the economy is growing.