Cape Town – On international travels president Jacob Zuma keeps repeating the mantra that South Africa is open for business, but the country’s immigration laws make this not really true in practice, according to Gary Eisenberg, immigration lawyer at Eisenberg & Associates in Cape Town.

“If a country is open for business, however, it means the rest of the world must be able to engage with the economy through foreign direct investment (FDI) and come here if they decide to make business investments,” Eisenberg told Fin24.

“The German economy, for instance, shows how small and medium enterprises (SMEs) are the strength of an economy and not necessarily large companies.”

He is experiencing a lot of frustration among owners of SMEs who want to bring their experience – for instance in the technology industry – to South Africa. They are willing to bring their intellectual property (IP), employ South Africans and transfer skills.

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Africa has one of the highest levels of unemployment in the world. Since 2000, more than 27,000 Africans have died while trying to illegally enter Europe via the sea. The search for jobs and an escape from high levels of poverty across the continent is a major motivation.

Though unemployment in some African nations reportedly remains higher than 25 percent, general numbers are improving, and many believe that emerging economies in Africa are set to expand rapidly in the coming years.

With more than 70 percent of Africa’s population under the age of 25, there is a massive untapped workforce — and if trends continue toward more political stability, less regulation and increased private investment, it is easy to see why some analysts are so optimistic.

Opportunities for employment and entrepreneurship in Africa might skyrocket in the next decade, but for young adults entering the workforce now, many wonder where the best opportunities are.

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