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For the third year running, South Africa has topped as Africa’s most attractive market for investments. In ABSA’s latest Africa Financial Markets Index the Southern African country has came top in terms of financial market development. The Cyril Ramaphosa-led country was also ranked top in access to foreign exchange, market transparency, tax and regulatory environment and capacity of local investors. “South Africa has claimed top position mainly because of its sizeable lead in market depth and deep market liquidity supported by strong domestic investors,” the report noted. “South Africa’s high position on access to foreign exchange after having been overtaken by Kenya in the previous edition of this index was as a result of high interbank foreign exchange turnover, regular exchange rate reporting and a favorable reserve level relative to net portfolio flows.” The index described  South Africa  as having “deep market liquidity anchored by strong domestic investors” and noted that it has