Our goal should be to expand trade broadly but not in the interest of trade diversion, but to grow the level of economic activity in South Africa, the region, and farther flung trading partners  4  FDI inflows to Africa are highly concentrated with eight countries, including Algeria, the Congo, Ghana, Morocco, Mozambique, Nigeria, South Africa and Zambia receiving more than 70 per cent of the total FDI inflows in 2011.
I would like to mention three areas where work is still needed. First, an effective system for policy coordination is vital for promoting sound national policies, thus reducing the domestic sources of such shocks and increasing countries’ shock-absorption capacity when they materialise. This pertains to promoting sound economic and fiscal policies.