Migrants are good for economic growth and job creation – Standard Bank CEO
However, it has been proven that migration is positive for growth while its effects on local workers are usually small and often positive, thanks to migrants’ entrepreneurship, demand creation and productivity.
So, if citizens and policymakers in other African countries come to see South African firms as the commercial face of a society that is hostile to other Africans, then those firms will bear costs – formally through regulatory pressure, and informally through reputational damage, consumer hostility and political suspicion.
These are the effects of migrants on their host economies; the effects of the politics of migration on multinational corporations and on each host country’s economies more broadly; and openness in general to flows of ideas, goods, capital and people.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
