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). 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. In the Global Competitiveness Report released last week, only Mauritius was ranked 52. Global sites. The survey ranks 140 countries in the index based on their performance in 12 key economic pillars. 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. 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… global corruption barometer africa 2019 citizens’ views and experiences of corruption ... contained in this report. It attributes this improvement to its well-developed equity, insurance and credit markets, all achieving a score of 100. Regional Economic Briefings Centre for the Fourth Industrial Revolution. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. South Africa’s ranking on judicial independence also improves markedly with fifteen positions in 2018 and currently stands at 33 out of 141 nations. While Mauritius at 52 nd in the overall ranking led the group of African countries in the fray, South Africa, despite its … 09 Oct 2019. Regional Risks for Doing Business 7 ... surveyed for the Global Risks Report 2019. RSVPS/Enquiries      :      Ntombi Ntanzi. 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. The fact that cyberthreats worry the business community as much as they do academia, civil society, It is important to see how Africa fared in the report. 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. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf, President Ramaphosa to participate at the Financial Times (FT) Africa Summit, London, Nation Brand Forum 2019 Competition Terms and Conditions. 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. The subregion is also the most price-competitive in Sub-Saharan Africa, … Publish your articles and forecasts in our website. WEF Global Competitive Index 'pillars' 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. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. As the decade 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. 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 most recent 2018 edition of Global Competitiveness Report assesses 140 economies. 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 over-all performance in the 2019 GCI is specifically driven by improvements in Institutions, Health, and the Product Market. The WEF GCI is made up of 12 pillars, each covering […] 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”. 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. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019. By subscribing you will receive continuous newsworthy information. 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. To be updated on Brand South Africa news and events join our media list. 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. 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. Travel & Tourism at a Tipping Point; Rankings; Regional Profiles. India, which ranked 58th in the annual Global Competitiveness Index in 2018, is among the worst-performing BRICS nations along with Brazil. Brand South Africa will also be able to facilitate any requests for interviews. It offers insights into the prospects of 141 economies, providing unique acumen into the drivers of economic growth. The UAE, the second largest Arab economy, jumped two places to be 25th globally in the 2019 Global Competitiveness Report published annually by the organisation. Download Full Report Most importantly, competitiveness is a major factor that impacts Foreign Direct Investment (FDI) decisions. 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. 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. JOHANNESBURG — There’s lots of work South Africa needs to do if it ever wants to attract and create high calibre talent. profound competitiveness deficit that needs to be urgently addressed to restore productivity and growth to improve living standards. The Global Competitiveness Report is out with Singapore leading the pack followed by the US. 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. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … South Africa is also a small producer in the global context and so prices tend to … The World Economic Forum (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019. 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 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. 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 … 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 … Register to receive our latest news and updates. 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. Previous editions. SOUTH AFRICA’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019. South Africa (60) is a regional financial hub. The World Economic Forum (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. Direct access to our calendar releases and historical data. The … 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. Southern Africa is the most competitive of the three subregions, but experienced slow growth in competitiveness over the past two years. 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. 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. 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 (60), Seychelles (78), Botswana (91) and Namibia (94) are in the top 100 out of 141 countries covered by the report. Brand South Africa’s chief executive Kingsley Makhubela said South Africa's declined competitiveness profile can be attributed to low GDP growth forecasts at … The report is produced at a time of rising policy uncertainty and growing concerns about the outlook for growth in In 2019, it outperforms the broader regional average on 11 pillars. 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. South Africa’s economy is showing signs of improvement, says the World Economic Forum. By Steuart Pennington. Travel and Tourism Competitiveness Report 2019 < Previous Next > About the Travel and Tourism Competitiveness Report; ... About the Travel and Tourism Competitiveness Report; Overall Results. 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. By Jackie Cameron. 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 Trading Economics Application Programming Interface (API) provides direct access to our data. Middle East and North Africa North America South Asia Sub-Saharan Africa Results at a glance 28 Methodology 36 Acknowledgements 38 Contents. 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). 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. 2007-2019 Data | 2020-2021 Forecast | Historical. While Mauritius at 52 nd in the overall ranking led the group of African countries in the fray, South Africa, despite its … For the full report; World Economic Forum 2019. SOUTH AFRICA’s GLOBAL COMPETITIVENESS – MORE SLIPPAGE. The Global Competitiveness Report is out with Singapore leading the pack followed by the US. 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. It is important to see how Africa fared in the report. South Africa (60), Seychelles (78), Botswana (91) and Namibia (94) are in the top 100 out of 141 countries covered by the report. This affirms the country’s strengthened competitiveness profile and a growing economy”. “Namibia has moved up six positions in the Global Competitiveness Report rankings for 2019, from number 100 to 94 now. 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. 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 island nation was ranked 76 out of 141countries and territories on the index, which is published by the World Economic Forum. 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. 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. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 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. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. This is the key finding of the Africa Competitiveness Report 2017. 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. Regional Briefing - Africa & Middle East - December 2020. South Africa’s competitiveness has regained momentum after the recent political landscape shift and climbed seven places in the Global Competitiveness Report 2019. 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. 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. 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. It has also one of the most advanced transport infrastructures in the region and is among the top countries in Africa for market size. 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. South Africa scored 62.44 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. 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. 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. 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. Figure 1: South Africa’s Competitiveness Index and Rank Source: World Competiveness Report (2017) October 11, 2019. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. 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. South Africa emerges second (60th position in the world) and Nigeria is the 16th (116th in … Its competitiveness is being held back by relatively low business dynamism. October 11, 2019. 138. The methodology, developed in collaboration with leading experts and practitioners through a three-year consultative process, is designed A summary of the latest available data and current issues across a number of key economic, market and industry variables in Africa & Middle East. In a report released by the World Economic Forum, South Africa's global competitiveness has dropped against the world's largest economies. 138. 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. By Steuart Pennington. South Africa has risen 7 places to rank position 60 globally in the World Economic Forum Competitive Report 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. Download historical data for 20 million indicators using your browser. BM Africa 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 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 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. 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. 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. Mauritius has emerged as Africa's most competitive economy for 2019. 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. While the region has improved since the 2017 edition of the report, Sub-Saharan Africa ranks at the bottom of the TTCI, lagging behind the rest of the world across all pillars, with only Mauritius, South Africa and Seychelles scoring above the global average on the index. 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. South Africa has risen 7 places to rank position 60 globally in the World Economic Forum Competitive Report 2019. 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. 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. The index ranks countries based on a framework that assesses progress within 12 pillars or dimensions. The Global Competitiveness Report – 2019. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf. Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. Low business dynamism and a growing economy ” a growing economy ” 7 places to position! 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