South Africa, Nigeria and Iran, Saudi Arabia relations swing

Nigerian President Muhammadu Buhari

Developed nations tend to deal with Africa as a single entity. There have been several economic conferences between countries and Africa - eg, US-Africa Summit, China-Africa Summit, 
Russia-Africa Summit, etc.

But Africa is not a country; it is a continent consisting of 54 independent states with different economies, cultures and political systems. African countries are guilty of perpetuating this stereotypical treatment of the continent. 

Many African countries are too poor and weak to maintain standalone economic and political policies.

 The tendency, therefore, has been to embrace a block position when it comes to decisions on foreign and economic policies; the African Union (AU) has been utilised in this regard.

Africa's untapped natural resources remain the main attraction to foreign investment in Africa. However, the lack of infrastructure and political instability often discourages many businesses from venturing into the continent.

Only votes at international multilateral platforms in support of developed nations' propositions can guarantee investments.

The most developed nation in Africa

South Africa has an attractive infrastructure and is by far the most developed nation in Africa. Consequently, South Africa has demonstrated independence in its foreign policy.

The re-emergence of Iran in the international economy and politics has presented opportunities and challenges for South Africa.  Iran has a long history with South Africa dating back to the days of the liberation struggle.

Furthermore, telecommunication giant MTN owns 49% of Irancell. MTN is also a dominant force in Nigeria. Recently, the Nigeria Communication Commission (NCC) handed it a $5.2bn fine for flouting regulations.