SA falls in global competitiveness ranking

2013-05-30 08:44

South Africa fell three places in its global competitiveness.

Out of 60 countries surveyed, South Africa was placed 53rd in the global business school IMD’s 2013 world competitiveness rankings, Business Day newspaper reported today.

South Africa was the worst performer compared with its Brics counterparts Brazil, Russia, India, and China, it was reported.

It also came only one notch above debt-stricken Greece and languished behind Europe’s laggards, such as Spain and Portugal.

IMD world competitiveness centre director Stephane Garelli told Business Day the country’s decline mirrored worries relating to growth, among others.

“The decline in South Africa’s rankings says that there are a lot of missed opportunities. The growth rate has been disappointing. It is not enough,” said Garelli.

The IMD uses over 300 criteria grouped under four themes. These are economic performance, government efficiency, business efficiency, and infrastructure.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.