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SA to focus on financial service skills development - Zuma

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Cape Town – South Africa will develop initiatives to grow its financial service industry for the good of all Africa, President Jacob Zuma said in his State of the Nation Address in Parliament on Thursday.

"We are proud of our top 10 ranking of financial services in the 2016 World Economic Forum Global Competitiveness Report," he said.

Overall, South Africa slipped three places to 49, but was ranked the best country in the world in terms of its strength of auditing and reporting standards, as well as financing through the local equity market.

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