The government was working hard to improve its international ranking in terms of the ease of doing business in the country, Trade and Industry Minister Rob Davies said on Thursday. Hurdles to setting up a business — whether it be a company registration, restrictive labour laws, excessive red tape or immigration regulations — have long been identified as one of the deterrents to foreign investors. Davies said the government was committed to improving the investment climate and the ease of doing business to enhance SA’s status as an internationally competitive investment location. It planned to reform its business processes to improve the country’s rankings. SA was ranked 72 among 89 countries in the 2016 World Bank’s Doing Business Report and 74 out of 190 countries in the 2017 report. The country fared well in the World Economic Forum’s Global Competitiveness index 2016-17, ranking 47th out of 138 countries. It was ranked first in the index for financing through local equity markets...
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