SA below global average in economic freedom ranking
SOUTH AFRICA ranks an unchanged 88th out of 152 nations and territories in the latest world economic freedom report released on Wednesday by the Free Market Foundation.Top of the heap are Hong Kong, Singapore, New Zealand, Switzerland, the United Arab Emirates, Mauritius, Finland, Bahrain, Canada and Australia. But South Africa was found to be below the global average score.The report, which collates data from the World Bank, International Monetary Fund and the World Economic Forum (WEF), among others, follows a slew of negative surveys that put South Africa low on the list of economic efficiencies.It comes less than a week after the WEF joined other organisations in warning the country to tackle its education and labour market inefficiencies, or risk falling even further in global competitiveness rankings.Coupled with the country’s remaining capital controls, business regulation and centralised collective bargaining, South Africa suffers from policy uncertainty, the threat of fixed...
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