Wednesday, 21 September 2011
by Steuart Pennington

The 2011-2012 Global Competitiveness Rankings have just been published by the World Economic Forum - and guess what?

South Africa's ranking has improved from 54 → 50th Good news indeed!

"So what?" you may ask. Well, let's do a bit of analysis to try and understand these findings. First, though, some background. The Global Competitiveness Index now includes the top 142 countries as measured by US$ GDP, up from 139 in last year's index. Of these, 30 are African countries. Only 33/142 countries improved their overall ranking by four or more positions (as did SA), with Cambodia (12 positions) and Ethiopia (13 positions) leading the field.

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Source: SA Good News