Without Strong Property Rights, An African Free Trade Area is Meaningless

President Cyril Ramaphosa is getting more vocal about his support for the new African Continental Free Trade Area.

At the beginning of September, during the World Economic Forum in Cape Town, Ramaphosa even described the free trade area as possibly “the greatest opportunity for economies on the [African] continent to generate growth through trade.”

In a similar tone, last month at the G7 summit in France, Ramaphosa proudly exclaimed to an audience of world leaders that he is “confident this free trade agreement will unleash Africa’s [and presumably South Africa’s] economic potential.”

While it’s great that Ramaphosa is showing such avid support for a continent-wide free-trade area, there is potential that South Africa might very well get nothing out of the free trade area….

To read more, check full article on City Press.