Is South Africa the next Hub of Global Economic Excitement?

Hi!

I've been following South Africa Politically and Economically for quite a while now (my native homeland)

With all these new mining operations setting up base in South Africa, The impending Soccer World Cup, the relative Political and Economic stability, is now the time to start looking at SA in a new light?
Subjectivity for my homeland aside, I strongly believe there is a case to be made for active investment in South Africa if not economically the socially.
A strong vibrant nation with leadership to match (despite the nay saying doom and gloom expat community's disgruntled rantings :))
Sunny SA anyone?