CIVETS, Part 2 (South Africa)

We're not going in strict order here; South Africa is actually the last on the CIVETS list.

In general, we're all a lot more positive about Africa these days.  Article after article after article talks about Africa's vast untapped consumer market, a growing middle class (incomes between $2 and $20 per day) now able to afford more -- life insurance, Danone yogurt, basmati rice (imported from India),Heineken-brewed cassava beer and cosmetics from Avon, all paid for with mobile banking.