{"id":94145,"date":"2017-06-05T06:53:23","date_gmt":"2017-06-05T04:53:23","guid":{"rendered":"http:\/\/www.myza.co.za\/a-drop-in-sas-competitiveness\/"},"modified":"2017-06-05T06:53:23","modified_gmt":"2017-06-05T04:53:23","slug":"a-drop-in-sas-competitiveness","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/a-drop-in-sas-competitiveness\/","title":{"rendered":"A Drop in SA\u2019s Competitiveness"},"content":{"rendered":"

A Drop in SA\u2019s Competitiveness<\/a>: <\/p>\n

South Africa has dropped a notch in its overall competitiveness. This is according to The 2017 Institute for Management Development (IMD) World Competitiveness Yearbook (WCY). For 2017 South Africa has been 53 out of 63 countries surveyed by the IMD. In 2017 South Africa was rated at 52.<\/p>\n

The challenges cited for this grim performance include lack of sustainable and inclusive growth, high level of structural unemployment and lack of access to quality education. With a measly Real Domestic Product(GDP) growth of 0.3% and Consumer Price Inflation(CPI) hovering at above 6%, South Africa \u2018s unemployment rate sits at about 27%. South Africa is ranked last in terms of employment. In 2016 South Africa\u2018s GDP hobbled to a better 1.3%.<\/p>\n

The WCY ranking is an annual report on the competitiveness of selected countries and is recognised internationally as the leading Executive Opinion Survey of competitiveness between nations. The rankings are drawn from a combination of hard data and the results of an Executive Opinion Survey. Productivity SA is the information partner for the IMD in South Africa.<\/p>\n

Despite the decline in economic performance, South Africa was ranked highly in terms of factors such as Cost-of-living index and an effective personal income tax rate. However South Africa dropped 10 places for Government Efficiency with a significant fall from a ranking of 40 in 2016 to a ranking of 50 for 2017.<\/p>\n

The IMD World Competitiveness Yearbook (WCY) rates the ability of 63 industrialised and emerging economies to create and maintain an environment that sustains the competitiveness of enterprises. Country data is evaluated through distinct criteria, grouped into four competitiveness factors, namely: government efficiency, business efficiency, economic performance and infrastructure.<\/p>\n