Author: Brand SA Research
Research Type: International Reputation Research
South Africa has rapidly regressed in the the World Economic Forum’s 2017/2018 Global Competitiveness Index, falling from 47th in last year’s index to 61st out of 137 countries surveyed. In this report, we look at where South Africa stands currently, the lessons learnt from the index and how we can move forward in the near future. We do observe that while the country drops in performance, there remain several key competitive strengths. In terms of business sophistication, infrastructure, capability in its innovation and technological profile South Africa has many advantages. The major lesson to take from findings in the 2017 WEF index is that as a nation, both the state and private sectors need to take heed of findings and emerging challenges.