Publish your articles and forecasts in our website. Competitiveness Index in South Africa averaged 17.53 Points from 2007 until 2019, reaching an all time high of 62.44 Points in 2019 and a record low of 4.31 Points in 2011. The Institutions pillar improves from 69 out of 140 to 55 out of 141 – this is due to reputational damage in the area of governance in recent years; Health, also historically a weaker area of SA’s performance, improves from 125 to 118 in 2019; Product market improves from 74 to 69 in 2019. The WEF GCI is made up of 12 pillars, each covering […] South Africa is the 60 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Johannesburg, Wednesday 09 October 2019 – Brand South Africa welcomes the release of the 2019 edition of the World Economic Forum (WEF) Global Competitiveness Index (GCI), which indicates South Africa’s over-all ranking improved position from 67 out of 140 nations in 2018, to position 60 out 141 nations in 2019. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. Global Competitiveness Report, 2019 South Africa Non-performing loans - rank of South Africa fell gradually from 53 rank=1, highest score or value in 2017 to 50 rank=1, highest score or value in 2019. The fact that cyberthreats worry the business community as much as they do academia, civil society, “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. The World Economic Forum (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019. SOUTH AFRICA’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. Year of publication: 2017 Category: National Reports Language: English Upload date: 2017-05-15 South Africa over the last year, and especially the last few months, has gone through a series of political and economic setbacks, all of which are likely to have a dramatic effect on the overall well-being of the citizens of the country. Based on the just-released report, South Africa is the second most competitive in Africa after Mauritius which has a global score of 64.3 and ranks 52. 138. Middle East and North Africa North America South Asia Sub-Saharan Africa Results at a glance 28 Methodology 36 Acknowledgements 38 Contents. It offers insights into the prospects of 141 economies, providing unique acumen into the drivers of economic growth. South Africa’s competitiveness has regained momentum after the recent political landscape shift and climbed seven places in the Global Competitiveness Report 2019. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … Southern Africa is the most competitive of the three subregions, but experienced slow growth in competitiveness over the past two years. JOHANNESBURG — There’s lots of work South Africa needs to do if it ever wants to attract and create high calibre talent. South Africa’s ranking on judicial independence also improves markedly with fifteen positions in 2018 and currently stands at 33 out of 141 nations. Johannesburg, Wednesday 09 October 2019 – Brand South Africa welcomes the release of the 2019 edition of the World Economic Forum (WEF) Global Competitiveness Index (GCI), which indicates South Africa’s over-all ranking improved position from 67 out of 140 nations in 2018, to position 60 out 141 nations in 2019. Regional Briefing - Africa & Middle East - December 2020. South Africa emerges second (60th position in the world) and Nigeria is the 16th (116th in … “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. South African Stocks Edge Lower but Post Weekly Gain, South Africa Leaves Key Interest Rate Steady at 3.5%, South Africa Building Permits Rebound in November, South Africa Retail Sales Fall More than Expected, South Africa Inflation Rate Eases to 3.1% in December, South Africa Mining Output Shrinks More than Expected, South Africa Factory Activity Shrinks More than Expected, South Africa Manufacturing PMI Drops to 5-Month Low, South Africa Forex Reserves Hit 4-Month High, WTI Crude Prices Drop 1.9%, Book Weekly Loss, US Stocks Book Weekly Gain, Nasdaq Lands Fresh High, European Stocks Drop for 2nd Session on Friday, US Crude Inventories Jump for 1st Time in 6 Weeks, Slovakia Current Account Deficit at EUR 106.5M. Mauritius has emerged as Africa's most competitive economy for 2019. Speaking on the results, Brand South Africa’s General Manager for Research, Dr Petrus de Kock says; “Interestingly enough following on 2018, a year wherein local and global media carried extensive and mostly negative coverage on South Africa’s proposed Land reform policy, South Africa’s rankings in Property Rights & Quality Land Administration show improvement. The ability of Sub-Saharan Africa’s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent reforms to boost productivity. Most importantly, competitiveness is a major factor that impacts Foreign Direct Investment (FDI) decisions. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … The report is produced at a time of rising policy uncertainty and growing concerns about the outlook for growth in South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. This affirms the country’s strengthened competitiveness profile and a growing economy”. At the same time, however, the region continues to outpace the global average in international tourism arrivals and receipts growth: the World Travel and Tourism Counci… Executive Summary The 2019 edition of The Global Competitiveness Report series, first launched in 1979, features the Global Competitiveness Index 4.0 (GCI 4.0). It attributes this improvement to its well-developed equity, insurance and credit markets, all achieving a score of 100. According to the GCI data, South Africa now ranks number 1 out of 141 nations for budget transparency, a significant ranking that is an illustration of the robust and transparent political governance system of the country, which is anchored on the Constitution of the Republic. The index ranks countries based on a framework that assesses progress within 12 pillars or dimensions. In the Global Competitiveness Report released last week, only Mauritius was ranked 52. Competitiveness Index in South Africa averaged 17.53 Points from 2007 until 2019, reaching an all time high of 62.44 Points in 2019 and a record low of 4.31 Points in 2011. WEF Global Competitive Index 'pillars' The skillset of graduates declines from 85 to 102 out of 141; Ease of hiring foreign labour also declines from 102 to 123 out of 141; Attitudes towards entrepreneurial risk; the country also declines from 38 to 46 out of 141. Competitiveness has a direct impact on the reputation of countries for several reasons, but primarily plays a role in framing an understanding of the broader environments that impact on societal productivity and efficiency. Travel & Tourism at a Tipping Point; Rankings; Regional Profiles. It is important to see how Africa fared in the report. Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019. South Africa’s over-all performance in the 2019 GCI is specifically driven by improvements in Institutions, Health, and the Product Market. It has also one of the most advanced transport infrastructures in the region and is among the top countries in Africa for market size. Regional Economic Briefings It is important to see how Africa fared in the report. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. Based on the just-released report, South Africa is the second most competitive in Africa after Mauritius which has a global score of 64.3 and ranks 52. South Africa has risen 7 places to rank position 60 globally in the World Economic Forum Competitive Report 2019. This can be ascertained from the sixth annual Global Talent Competitiveness Index (GTCI) report which was released today by business school INSEAD in partnership with Tata Communications and the Adecco Group. In the global competitiveness rankings released by the Institute for Management Development (IMD) World Competitiveness Yearbook (WCY) of 2019, South Africa also experienced a nervy drop in its overall competitiveness with the country dropping from a ranking of 53 out of the 63 countries in 2018 surveyed by the IMD to 56 out of 63 in 2019. A summary of the latest available data and current issues across a number of key economic, market and industry variables in Africa & Middle East. AFREXIMBANK AFRICAN TRADE REPORT 2019 9 Introduction and Executive Summary The African Export-Import Bank’s 2019 African Trade Report examines developments in Africa and in other regions in 2018. Brand South Africa’s chief executive Kingsley Makhubela said South Africa's declined competitiveness profile can be attributed to low GDP growth forecasts at … South Africa has risen 7 places to rank position 60 globally in the World Economic Forum Competitive Report 2019. By subscribing you will receive continuous newsworthy information. This is the key finding of the Africa Competitiveness Report 2017. The World Economic Forum (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019. Competitiveness Rank in South Africa averaged 51.69 from 2007 until 2019, reaching an all time high of 67 in 2018 and a record low of 35 in 2007. SOUTH AFRICA’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. The SME Competitiveness Outlook is ITC's flagship report, published annually since 2015.Each report provides an in-depth analysis on a particular topic related to the competitiveness of small and medium-sized enterprises (SMEs) - from their contribution to inclusive growth to their participation in regional value chains. The World Economic Forum's 2019 Global Competitiveness Report has found that sub-Saharan Africa - led by Mauritius at 52nd of 141 countries - is overall the least competitive region in the world. The subregion is also the most price-competitive in Sub-Saharan Africa, … Seychelles is the fourth-most competitive nation in Africa out of 37 countries ranked in the 2019 edition of the Global Competitiveness Report, scoring high marks in health and macro-economic stability. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. We managed to come 2nd in Sub-Saharan Africa (to Mauritius who came 52nd) but still lagged behind many other emerging market economies, including Greece (59th), Chile (33rd), Hungary … Regional Risks for Doing Business 7 ... surveyed for the Global Risks Report 2019. Faced with sluggish economic growth and in the mist of the global Covid-19 pandemic, South Africa has hit its lowest global competitiveness ranking according to the latest World Competitiveness Yearbook (WCY) compiled by Switzerland based Institute of Management Development (IMD). In the global competitiveness rankings released by the Institute for Management Development (IMD) World Competitiveness Yearbook (WCY) of 2019, South Africa also experienced a nervy drop in its overall competitiveness with the country dropping from a ranking of 53 out of the 63 countries in 2018 surveyed by the IMD to 56 out of 63 in 2019. While Mauritius at 52 nd in the overall ranking led the group of African countries in the fray, South Africa, despite its … As the decade In 2019, it outperforms the broader regional average on 11 pillars. India, which ranked 58th in the annual Global Competitiveness Index in 2018, is among the worst-performing BRICS nations along with Brazil. Its competitiveness is being held back by relatively low business dynamism. Download historical data for 20 million indicators using your browser. The 10th edition of the Global Corruption Barometer (GCB) – Africa, reveals that while most people in Africa feel corruption increased in their country, a majority also feel optimistic that they, as citizens, can make a difference in the fight against corruption. Travel and Tourism Competitiveness Report 2019 < Previous Next > About the Travel and Tourism Competitiveness Report; ... About the Travel and Tourism Competitiveness Report; Overall Results. Durban - South Africa has shown significant improvement in the World Economic Forum’s (WEF) annual Global Competitiveness Index, climbing seven places since 2018. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. Every year the World Economic Forum publish their Global Competitiveness Index report - this year's index post South Africa +7 points higher than last year. South Africa’s economy is showing signs of improvement, says the World Economic Forum. Johannesburg:Brand South Africa welcomes the release of the 2019 edition of the World Economic Forum (WEF) Global Competitiveness Index (GCI), which indicates South Africa’s over-all ranking improved position from 67 out of 140 nations in 2018, to position 60 out 141 nations in 2019. The World Economic Forum's 2019 Global Competitiveness Report has found that sub-Saharan Africa - led by Mauritius at 52nd of 141 countries - is overall the least competitive region in the world. By Jackie Cameron. South Africa (60) is a regional financial hub. In line with leading poultry producers globally, the poultry value chain in South Africa is highly integrated (Figure 3) and hence competitiveness also depends on other sectors, such as feed. 138. South Africa is also a small producer in the global context and so prices tend to … The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. 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