Globalisation has certainly translated into opportunity and prosperity for businesses and investors around the world, but of particular interest is the key role now being played by certain emerging countries, known as the BRICS (Brazil, Russia, India, China and South Africa). The recent inclusion of South Africa in the BRICS is a strong signal that the time is ripe to change our view on Africa as a whole, and to view this continent through a new lens of optimism for increased international business, financial flow and cross-border legal activity. This article offers some reflections for lawyers on how to navigate a complex, developing market and introduces some elements that are different for transactions in Africa. While economic opportunities for foreign investors and lawyers seeking to develop a 'niche' practice abound, significant challenges must also be recognised, including the continent's diversity, rapid social change and varying legal systems.
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