The Global Competitiveness Report is out with Singapore leading the pack followed by the US. Regional Risks for Doing Business 7 ... surveyed for the Global Risks Report 2019. South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. 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. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. Brand South Africa will also be able to facilitate any requests for interviews. The index ranks countries based on a framework that assesses progress within 12 pillars or dimensions. By Steuart Pennington. South Africa’s over-all performance in the 2019 GCI is specifically driven by improvements in Institutions, Health, and the Product Market. October 11, 2019. Its competitiveness is being held back by relatively low business dynamism. South Africa is also a small producer in the global context and so prices tend to … 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. 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. 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. 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. 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. The survey ranks 140 countries in the index based on their performance in 12 key economic pillars. Mauritius has emerged as Africa's most competitive economy for 2019. Brand South Africa’s chief executive Kingsley Makhubela said South Africa's declined competitiveness profile can be attributed to low GDP growth forecasts at … 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. Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019. 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. 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. It offers insights into the prospects of 141 economies, providing unique acumen into the drivers of economic growth. Travel and Tourism Competitiveness Report 2019 < Previous Next > About the Travel and Tourism Competitiveness Report; ... About the Travel and Tourism Competitiveness Report; Overall Results. Brand South Africa’s chief executive Kingsley Makhubela said South Africa's declined competitiveness profile can be attributed to low GDP growth forecasts at … 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. 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. profound competitiveness deficit that needs to be urgently addressed to restore productivity and growth to improve living standards. 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. 09 Oct 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. The … Previous editions. By subscribing you will receive continuous newsworthy information. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. 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’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. 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… SOUTH AFRICA’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. For the full report; World Economic Forum 2019. South Africa’s ranking on judicial independence also improves markedly with fifteen positions in 2018 and currently stands at 33 out of 141 nations. Regional Economic Briefings South Africa’s economy is showing signs of improvement, says the World Economic Forum. 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, according to the Global Competitiveness Report. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … Direct access to our calendar releases and historical data. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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 … Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … Figure 1: Rankings and Scores of South Africa in relation to the 12 Pillars of Competitiveness, 2018 Source: The Global Competitiveness Report (2018), World Economic Forum South Africa ranks 67th out of a total of 140 countries in terms of its overall global competitiveness ranking. 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. 138. To be updated on Brand South Africa news and events join our media list. 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. The fact that cyberthreats worry the business community as much as they do academia, civil society, 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. 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. 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. By Steuart Pennington. 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. India, which ranked 58th in the annual Global Competitiveness Index in 2018, is among the worst-performing BRICS nations along with Brazil. 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. South Africa is also a small producer in the global context and so prices tend to … Durban - South Africa has shown significant improvement in the World Economic Forum’s (WEF) annual Global Competitiveness Index, climbing seven places since 2018. 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. This is the key finding of the Africa Competitiveness Report 2017. As the decade The HR Health Administration Services market will register an incremental spend of about USD 106.58 billion, growing at a CAGR of 8.89% from 2020 … It has also one of the most advanced transport infrastructures in the region and is among the top countries in Africa for market size. South Africa (60), Seychelles (78), Botswana (91) and Namibia (94) are in the top 100 out of 141 countries covered by the report. 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. Download historical data for 20 million indicators using your browser. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. Travel & Tourism at a Tipping Point; Rankings; Regional Profiles. A summary of the latest available data and current issues across a number of key economic, market and industry variables in Africa & Middle East. Global sites. Figure 1: South Africa’s Competitiveness Index and Rank Source: World Competiveness Report (2017) Centre for the Fourth Industrial Revolution. 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 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. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. South Africa (60) is a regional financial hub. It is important to see how Africa fared in the report. global corruption barometer africa 2019 citizens’ views and experiences of corruption ... contained in this report. South Africa has risen 7 places to rank position 60 globally in the World Economic Forum Competitive Report 2019. Middle East and North Africa North America South Asia Sub-Saharan Africa Results at a glance 28 Methodology 36 Acknowledgements 38 Contents. 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. In 2019, it outperforms the broader regional average on 11 pillars. The island nation was ranked 76 out of 141countries and territories on the index, which is published by the World Economic Forum. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. 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. 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 (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019. It is important to see how Africa fared in the report. 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. WEF Global Competitive Index 'pillars' 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. Southern Africa is the most competitive of the three subregions, but experienced slow growth in competitiveness over the past two years. The methodology, developed in collaboration with leading experts and practitioners through a three-year consultative process, is designed 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 … 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. 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 most recent 2018 edition of Global Competitiveness Report assesses 140 economies. While Mauritius at 52 nd in the overall ranking led the group of African countries in the fray, South Africa, despite its … South Africa emerges second (60th position in the world) and Nigeria is the 16th (116th in … 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. This affirms the country’s strengthened competitiveness profile and a growing economy”. 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 Global Competitiveness Report is out with Singapore leading the pack followed by the US. 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. This is also supported by the Open Budget Index, where South Africa ranks number 2 out of 103 nations, clearly highlighting South Africa’s high levels of transparency in its political governance system. 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. 138. 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