Though SA’s competitiveness has regained momentum after the recent shift in its political landscape, it is still being held back by a lack of labour market flexibility, says the Global Competitiveness Report, which was released on Wednesday.

The election of President Cyril Ramaphosa to lead the ANC and the country has largely been heralded as the beginning of a new dawn in SA after the rot that grew during the nine years former president Jacob Zuma was in office.

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