However, all it takes is a little bit of research into objective, globally recognised reports and statistics to get a better idea of what the South African economy is all about. There is indeed plenty to be happy about! Here are 21 reasons to be cheerful: The highest inflation rate ever recorded in South Africa was in Januaryat
The report was released on Wednesday by the WEF and assesses the ability of countries to provide high levels of prosperity to their citizens, depending on how productively they use available resources. It has bounced back rapidly from the global economic crisis, and its growth rates continue to exceed the global average.
Indeed, some African countries improve with respect to national competitiveness this year. South Africa was found to be doing well on measures of the quality of institutions, property rights and the accountability of its private institutions, among others.
South Africa ranks 95th in labour market efficiency, with rigid hiring and firing practices tha lack of flexibility in wage determination by companies thand significant tensions in labour-employer relations th.
The report also found that poor security remained an obstacle in doing business in South Africa. The ranking is as a result of high rates of communicable diseases and poor health indicators. According to the report, South Africa and Mauritius remain in the top half of the rankings, having advanced in the last year.
The report also added that in sub-Saharan Africa, there have been measurable improvements across specific areas in a number of other African countries. The report found that generally sub-Sahara Africa as a whole lags behind the rest of the world in competitiveness. Mauritius ranked 54th, while Rwanda ranked 70th and Botswana 80th — putting them in the group of top ranked countries in sub-Saharan Africa.
Many African countries are low in the ranking with 13 of the 20 lowest ranked economies being from Africa. The United States slipped to fifth position, having been overtaken by Singapore and Sweden.
Finland occupies 4th place.Business - The Africa Report grupobittia.com MTN Group, Africa's biggest mobile operator, will keep engaging with Nigerian authorities to resolve a $ billion dispute with the west African country, but is putting its faith in the courts to protect itself, its CEO said on Monday.
The ease of doing business index is an index created by Simeon Djankov at the World Bank grupobittia.com academic research for the report was done jointly with professors Oliver Hart and Andrei Shleifer.
Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Doing business in South Africa grupobittia.com Doing business in South Africa chartered accountants & business advisers The PKF International Association is an association of legally independent firms required to produce an auditor’s report as .
South Africa's Premier Online News Source. Discover the world of IOL, News South Africa, Sport, Business, Financial, World News, Entertainment, Technology, Motoring. We have asked the Deputy Minister to speak to us today on the business and investment climate and on doing business in South Africa - so I do not want to dwell on the same.
In my short input I would want to focus on Africa as an investment choice, and I draw my content from the EY report, Positioning South Africa in the context of the Africa.