WB survey shows South Africa one of the most attractive emerging business markets

By bne IntelliNews August 2, 2010
  A 2008 WB survey showed South Africa as oneof the most attractive emerging markets in which to do business, putting it inan excellent position to attract more foreign direct investment. The countryranked third, after Thailand and Malaysia, out of 12 countries, outperformingChina and Brazil. WB senior economist and lead report author Taye Mengistaesaid, however, that crime, access to small-business finance, skills developmentand workforce productivity remain weak areas. The survey showed that crimecosts business an average of 3.2% of their annual turnover. Chief economist atEconometrix Azar Jammine said South Africa is losing ground on the skillsdevelopment front.

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