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South Africa ranked second most competitive African country in the 2017 African Competitiveness Report, released by the WEF earlier this month. Shell LiveWIRE countries Egypt and Nigeria ranked 17th and 26th, while Mauritius led the rankings in first place.

In recent years, South Africa has progressed its place in the rankings, which WEF attributes to “uptake of technology, efficient financial markets and focus on strengthening institutions.”

The report, which intends to highlight areas for improvement in economic policy, identifies a lack of entrepreneurship opportunities as key ‘bottleneck’ to competitiveness and productivity in African countries.

Small and micro-businesses are the most important source of labour demand in the region, which suffers high-levels of unemployment, in particular among youths, and therefore entrepreneurship is an essential contributor to the creation of jobs.

You can view the full report here.


 

South Africa leads in competitiveness
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