THE World Economic Forum’s (WEF’s) Global Competitiveness index, an annual assessment of the factors driving productivity and prosperity in countries, shows a decline in the country’s institutional rankings.Institutions, long regarded as an area of strength for SA, slipped two places to 40 as the issue of political uncertainty raised its head again.According to the index, there was low public trust in politicians and a lot of "favouritism" in decision-making by officials."Institutional quality has diminished, with increased political uncertainty, less transparency, some security concerns and business leaders having less trust in politicians," says the WEF’s Global Competitiveness Report released on Wednesday.Politics, most notably developments between the Hawks and Finance Minister Pravin Gordhan, has often been the reason behind rand weakness. Allegations of the capture of state-owned enterprises are increasing.Business Unity SA (Busa) CEO Khanyisile Kweyama said on Tuesday that th...
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