36.9 C
Thursday 17 June 2021
HomeAfricaSouth Africa Rises 7 Places in Annual WEF Global Competitiveness Index

South Africa Rises 7 Places in Annual WEF Global Competitiveness Index

Brand South Africa (http://www.brandsouthafrica.com) today welcomed the 2015/16 results of the World Economic Forum’s annual Global Competitiveness Index which sees South Africa rise seven places from 56 to 49 of 140 countries.

Speaking about South Africa’s significantly improved performance in the Global Competitiveness Index, Brand South Africa’s CEO Kingsley Makhubela said, “Building a country’s competitiveness is a collective endevour involving the collaboration of government, business and civil society. Ultimately it involves all South Africans to coalesce around this national objective.”

“The results of the 2015/16 Global Competitiveness Index shows that South Africa has made significant improvements towards ensuring we are a globally competitive destination. The report resonates with our own assessment that we must work towards strengthening, amongst others, the education and health sectors to ensure our sustained competitiveness. The National Development Plan outlines the steps we need to take to achieve this.”

“We thank all South Africans for your contribution to building South Africa’s competitiveness and look forward to further improvements in the next year,” concluded Mr Makhubela.

[Multimedia Content] South Africa’s Achievements in the 2015/16 Global Competitiveness Index

South Africa’s biggest improvements come in the areas of: infrastructure (up 8 places), health and primary education (up 6 places), labour market efficiency (up 6 places), technological readiness (up 16 places), and innovation (up 5 places).

South Africa has also improved in the areas of: macro-economic environment (up 4 places), higher education and training (up 3 places), and business sophistication (up 2 places).

South Africa has dropped in the area of institutions (down 2 places), goods market efficiency (down 6 places), financial market development (down 5 places) and market size (down 4 places).Top of Form

For more information or to set up interviews, please contact:

Tsabeng Nthite Tel: +27 11 712 5061 Mobile: +27 (0) 76 371 6810 Email:[email protected] Visit www.brandsouthafrica.com

Notes to the Editor

For more on the 2015/16 WEF Global Competitiveness Index: http://reports.weforum.org/global-competitiveness-report-2015-2016/report-highlights/#ranking

About Brand South Africa Brand South Africa (http://www.brandsouthafrica.com) is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, in order to improve its global competitiveness. Its aim is also to build pride and patriotism among South Africans, in order to contribute to social cohesion and nation brand ambassadorship.

Join the conversation at: Follow Brand South Africa @Brand_SA

https://twitter.com/Brand_SA Tell us how you Play Your Part @PlayyourpartSA




Please enter your comment!
Please enter your name here

- Advertisement -