An Assessment of the Investment Climate in South Africa by Vijaya Ramachandran, George Clarke, David E. Kaplan, James

By Vijaya Ramachandran, George Clarke, David E. Kaplan, James Habyarimana, Mike Ingram

So much points of South Africa's funding climate―the location-specific elements that form possibilities and incentives for corporations to take a position productively, create jobs, and grow―are favorable. the vast majority of huge, registered companies think that the felony method is ready to defend their estate rights. Infrastructure is trustworthy. Tax charges are really low. the load of law is analogous to different middle-income countrries. Few enterprises pay bribes. And so much organisations have enough entry to credits. in lots of dimensions, South Africa has a superb funding climate.

Consistent with this, huge South African companies are very efficient. hard work productiveness is way better than within the most efficient low-income international locations in Sub-Saharan Africa and compares favorably with different middle-income nations corresponding to Brazil, Lithuania, Malaysia, and Poland. And even supposing hard work productiveness in South Africa is a little under within the best towns in China, it truly is over 3 times greater than in China as a whole.

So, why hasn't South Africa been becoming speedier? As this name explores, whereas the funding weather is usually favorable, a few difficulties stay. companies seem to be rather enthusiastic about 4 components: hassle hiring expert and expert staff, inflexible exertions laws, trade expense instability, and crime. utilizing rigorous statistical details on those and comparable subject matters, the ebook goals to aid coverage makers and personal region stakeholders in constructing reforms that would enhance company functionality and progress.

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Extra resources for An Assessment of the Investment Climate in South Africa (Directions in Development)

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Further improvements should similarly elicit a favorable response in firm performance and investment. But substantially raising the investment rate to support a major increase in the growth rate will require the government to consider some other factors that might have an impact on capital investment. Notes 1. The term investment climate, broadly defined, includes a country’s unique attributes or “geography” (climate, endowment of natural resources, distance 14 An Assessment of the Investment Climate in South Africa from important markets, and so on), as well as the state of its infrastructure, economic and social policies, institutions, and governance stability.

Further enumeration in South Africa will enable this analysis to be extended to analysis of the entry and exit of firms in the sample. 3. South Africa released statistics that revised GDP estimates in November 2004. 5 percent. Nominal GDP for 2003 is currently estimated at R1251 billion. Recent growth rate estimates were similarly revised upward. 4. The National Treasury estimates average real household income to have increased by 30 percent over the last decade (National Treasury 2005b). 5. 2 percent over the next few years (National Treasury 2005b).

The total cost of wages and other benefits is higher per worker in South Africa than in any of the comparator countries. In 2002 per worker labor costs were over three and half times higher in South Africa (about $7,300 per worker) than in Hangzhou (about $2,000 per worker). Differences in the textiles and garment industries are smaller than overall differences; in this sector, per worker labor costs in Malaysia and Poland come close to those in South Africa. 3). South Africa has unit labor costs slightly higher than those in Brazil and Malaysia and slightly lower than those in the two countries in Eastern Europe.

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