South Africa proves a tough sell for HSBC

08/24/2010 | Forbes

HSBC is in talks to buy the majority stake in a South African financial-services giant -- but investors aren't sure that the move is such a great idea. South Africa's economy is sluggish relative to those of other emerging economies, and the South African retail market has been dogged by worrying debt-to-income ratios and sky-high unemployment rates.

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