Into the Global

Business in Africa has matured into several highly competitive multinational corporations able to compete globally. Verhoef presents the first overview of Africa’s global business capabilities by following the successful emerging market conglomerates from the continent. South African EMNCs dominance in market-seeking globalisation strategies are built on superior managerial and financial competitiveness, while ownership structures and a lack of technological advantages hold EMNCs from other African markets confined to intra-African expansion. The relationship between a legacy of capitalist market relations and globalisation from Africa needs consideration, as well as access to physical and human capital. The agenda on business development, organisational structure and management culture in Africa is opened by this provocative introduction to Africa’s globalising corporations and aspiring EMNCs. Verhoef underlines the persistent challenging state-business nexus and compromising governance context of corruption and political nepotism.