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Assessing and promoting civil and minority rights in South Africa.

[Source: Banking Association of South Africa – Statement by Cas Coovadia.]

South Africa’s slide down the rankings of the World Economic Forum’s Global Competitiveness Index is evidence of our poor growth prospects, as well as the weak leadership that underpins it.

Our government’s consistent inability to make clear policy pronouncements, and its preoccupation with political appointments, not to mention mismanagement and looting of state resources, has justifiably wrecked our standing among the economies of the world. This is a critical measure of our investment attractiveness and further underpins the already disastrous impact on investment as a result of numerous ratings downgrades

The 2017/2018 WEF (GCI) index sees South Africa’s overall ranking slip to 61st out of 137 countries, a drop of 14 places from last year.

In terms of financial market development, the country is no longer the world leader it once was. We have slipped a massive 33 places to 44st, behind Malta and India. Fellow African economies Mauritius and Guinea are ahead of us at 41st and 29th respectively, with Namibia and Kenya hot on our heels at 50th and 55th. Botswana is ranked 65.

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South Africa at a Glance
56 500 000 (mid 2017 estimate)
5.1% y/y in September 2017 (CPI) & +4.2% y/y in August 2017 (PPI)
2.5% q/q for the 2nd quarter of 2017
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