By Steuart Pennington. 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. Regional Risks for Doing Business 7 ... surveyed for the Global Risks Report 2019. These are particularly concerning in a period of slow GDP growth, and continued emphasis placed on the development of entrepreneurship, and to increase support for SME development,” adds Dr De Kock. The … of South Africa’s global competitiveness and identifying and strengthening the enablers of a country’s competitiveness is key for improved trade performance and consequently sustainable growth. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi. 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 … The WEF GCI is made up of 12 pillars, each covering […] It attributes this improvement to its well-developed equity, insurance and credit markets, all achieving a score of 100. 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. Other areas that have negatively impacted South Africa’s performance include; “The Financing for SMEs declines from 72 to 96/141 as well as the attitudes towards entrepreneurial. The subregion is also the most price-competitive in Sub-Saharan Africa, … 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 Global Competitiveness Report is out with Singapore leading the pack followed by the US. By Steuart Pennington. 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. India, which ranked 58th in the annual Global Competitiveness Index in 2018, is among the worst-performing BRICS nations along with Brazil. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. STATEMENT BY PRESIDENT CYRIL RAMAPHOSA ON PROGRESS IN THE NATIONAL EFFORT... [Opinion Editorial] Enough is still not enough when it comes to... Media Statement: Brand South Africa addresses media on allegations of corruption, President Cyril Ramaphosa investment drive for the country, South Africa names Pravin Gordhan finance minister, South Africa launches new industrial policy, Zuma announces measures to jump-start economy, Judiciary to run South Africa’s superior courts, STATEMENT BY PRESIDENT CYRIL RAMAPHOSA ON MEASURES TO COMBAT COVID-19 EPIDEMIC. As the decade 138. 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. The Global Competitiveness Report – 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf. Centre for the Fourth Industrial Revolution. Download Full Report 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. 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. South Africa’s over-all performance in the 2019 GCI is specifically driven by improvements in Institutions, Health, and the Product Market. A summary of the latest available data and current issues across a number of key economic, market and industry variables in Africa & Middle East. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. 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. Its competitiveness is being held back by relatively low business dynamism. 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’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. The Global Competitiveness Report is out with Singapore leading the pack followed by the US. While Mauritius at 52 nd in the overall ranking led the group of African countries in the fray, South Africa, despite its … 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. Mauritius has emerged as Africa's most competitive economy for 2019. Travel and Tourism Competitiveness Report 2019 < Previous Next > About the Travel and Tourism Competitiveness Report; ... About the Travel and Tourism Competitiveness Report; Overall Results. 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. 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. 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. The survey ranks 140 countries in the index based on their performance in 12 key economic pillars. The 2019 global competitiveness rankings released by the Switzerland‘s Institute of Management Development (IMD) World Competitiveness Yearbook (WCY) show a drop in South Africa ‘s competitiveness levels in Health infrastructure, Higher education achievement and Energy infrastructure. It offers insights into the prospects of 141 economies, providing unique acumen into the drivers of economic growth. In 2019, it outperforms the broader regional average on 11 pillars. Political certainty has seen South Africa move up seven places to 60th on the World Economic Forum’s Global Competitiveness Index 4.0, according to … Brand South Africa’s chief executive Kingsley Makhubela said South Africa's declined competitiveness profile can be attributed to low GDP growth forecasts at … With the recent change in the South African political landscape, South Africa’s ranking on the World Economic Forum’s Global Competitiveness Index for 2019 has improved by 7 places to 60th, out of 140. Releasing its global competitiveness report, it says South Africa’s competitiveness has regained momentum after the recent political landscape shift and climbs 7 places to 60th. The analysis presented in the Global Competitiveness Report 2019 (herein: “Report”) is based on a methodology integrating the latest statistics from international organizations and a survey of executives. 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. The WEF GCI is made up of 12 pillars, each covering a unique area of performance that ultimately influences the over-all competitiveness profile of the market. The index ranks countries based on a framework that assesses progress within 12 pillars or dimensions. South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019. Regional Economic Briefings For the full report; World Economic Forum 2019. South Africa is also a small producer in the global context and so prices tend to … October 11, 2019. It is important to see how Africa fared in the report. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. 09 Oct 2019. Direct access to our calendar releases and historical data. South Africa is also a small producer in the global context and so prices tend to … BM Africa Most importantly, competitiveness is a major factor that impacts Foreign Direct Investment (FDI) decisions. To be updated on Brand South Africa news and events join our media list. Figure 1: South Africa’s Competitiveness Index and Rank Source: World Competiveness Report (2017) 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… 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. Brand South Africa will also be able to facilitate any requests for interviews. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. Global sites. Register to receive our latest news and updates. 2007-2019 Data | 2020-2021 Forecast | Historical. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … South Africa (60), Seychelles (78), Botswana (91) and Namibia (94) are in the top 100 out of 141 countries covered by the report. In the Global Competitiveness Report released last week, only Mauritius was ranked 52. The 28th World Economic Forum on Africa will convene more than 1,000 regional and global leaders from politics, business, civil society and academia to shape regional and industry agendas in the year ahead. South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. While there are notable improvements, it is also important to note that there are several indicators which show negative movement that calls for urgent interventions, especially in the era of 4IR”. 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. 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. 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. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. 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