Island nations fairest of them all – bank

SA’s attractiveness deteriorated because of the nation’s weak economic indicators.

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Seychelles and Mauritius topped a ranking of African investment destinations, as the attractiveness of South Africa deteriorated because of the nation's weak economic indicators, according to Rand Merchant Bank (RMB).

The two Indian Ocean island nations outperform the continent when measured by a combination of their economic performance, market accessibility, investment climate and social and human development, the Johannesburg-based lender said in a report published on Tuesday.

Egypt was third in RMB's ranking, which assessed 31 nations on the continent in the report published on Tuesday.

The two economies stand out in an investment climate in which Africa is being buffeted by "significant turbulence", RMB chief economist Isaah Mhlanga said.