Finance industry set to target Saudi Arabia and South Africa

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AFRICA will move on to the radar as a potential place for Jersey's finance sector to secure new business, it emerged during a presentation last week.

Research been conducted by consultants McKinsey indicates that the growth in wealth from that continent was going to happen more quickly than many had considered.

And Jersey Finance says that it will now look at directing some of its business development and marketing efforts toward South Africa as a result.

The promotional body's chief executive Geoff Cook said that the Island already had strong connections with Africa with two leading banking groups having a presence in Jersey.

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