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.
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Mud paintings go global
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India trounce the Proteas
The Proteas were demolished by India last night, crumbling to a record 135-run defeat as the tourists wrapped up a 3-1 series victory in the fourth and final T20 International at the Wanderers.
Boks wary of England
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Player safety is high on agenda
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Challenge is 'immense'
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Southee makes his career call
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