South African president happy about improvement of competitiveness

South Africa remains a globally competitive destination as indicated by the World Economic Forum's annual Global Competitiveness Index which sees the country rising seven places from 56 to 49 of 140 countries, South African President Jacob Zuma said on Wednesday.


“We are happy to learn that South Africa as a maturing democracy continues to make significant strides towards ensuring that we are a globally competitive destination,” Zuma said upon returning home from the UN where he attended the 70th Session of the United Nations General Assembly.

The WEF Annual Global Competitiveness Index report indicates that South Africa has improved in key sectors such education, health, macro-economic environment, innovation and others crucial areas.

South Africa’s biggest improvements come in the areas of health and primary education (up six places), efficiency (up six places), technological readiness (up 16 places), and innovation (up five places).

South Africa has also improved in the areas of macro-economic environment (up four places), higher education and training (up three places), and business sophistication (up two places).

But the country has dropped in the area of infrastructure (down eight places), institutions (down two places), goods market efficiency (down six places), financial market development (down five places) and market size (down four places).

Zuma encouraged all sectors of the society including business to work together with the government in implementing policies and programmes that were designed to improve the country’s global competitiveness particularly in areas where the country has dropped. Enditem

Download full report here

Source: Xinhua

Send your news stories to and via WhatsApp on +233 244244807 Follow News Ghana on Google News