South Africa’s pain has become Egypt’s gain, Dawn Kiss and Javier E. David write for CNBC. “South Africa has lost its shine with investors, which have taken fright at the country’s slumping currency and worsening growth prospects,” they say, but separately, “investors are warming to Egypt. The Middle East’s most populous country continues to see its fundamentals slowly improve.” Garbis Iradian, MENA chief economist at the Institute of International Finance says “beyond 2016, FDI could increase significantly if the Egyptian authorities implement deeper structural reforms–including major improvement in the business environment–and if geopolitical environment in the region improves."