Johannesburg, Wednesday 1 June 2016 – Brand South Africa welcomes South Africa’s improvement in the Institute for Management Development’s (IMD) competitiveness index. South Africa now stands at number 52, up from number 53 in 2015.
South Africa’s improvement in the rankings comes as a result of advancements in the areas of: energy infrastructure, future energy supply, stock market capitalisation, ICT service exports, maintenance and development, public finances, labour relations, ease of doing business, export concentration by partner, exchange rate stability, health infrastructure, funding for technological development, bureaucracy, workforce productivity and apprenticeships.
Reflecting on South Africa’s performance in this the 2016 IMD, Brand South Africa’s CEO Mr Kingsley Makhubela said, “South Africa’s performance in this index shows that national efforts to strengthen the economy and improve our global competitiveness are yielding positive results for the country.
“The nation brand and our global competitiveness is built by all citizens and improvements in our global competitiveness are a testament to the work that we are all doing to make South Africa a winning nation. We thank you for playing your part and encourage you to continue working to build the country’s reputation,” concluded Mr Makhubela.
The IMD looks at the global competitiveness of 61 countries.
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Visit the Institute for Management Development website for more information.