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GOOD NEWS ABOUT SOUTH AFRICA
- South Africa ranked 44th out of 131 countries in the World Economic Forum’s Global Competitiveness Report 2007/8.
- South Africa ranks as 44th strongest state out of 177 countries in the Fund for Peace's Failed States Index. The index measures state vulnerability based on 12 social, economic, political, and military indicators.
- South Africa was ranked as the 18th most attractive destination for Foreign Direct Investment by global strategic management consulting firm AT Kearney.
- Three South African cities were voted amongst the world's top 100 Most Liveable Cities in a study conducted by Mercer Human Resource Consulting. Cape Town was ranked in 85th place, Johannesburg 90th and Port Elizabeth 97th.
- South Africa has been ranked 28th among 108 countries measured for responsible competitiveness, according to the global think tank AccountAbility.
- Johannesburg has been ranked as the eighth cheapest city in the world for expatriates, according to the most recent Cost of Living Standards Survey from Mercer Human Resource Consulting.
- 21 South African beaches were awarded Blue Flags, an international indicator of high environmental standards for recreational beaches in 2007.
- South Africa is ranked 20th out of a total of 128 economies in the World Economic Forum’s Global Gender Gap Report 2007, ahead of many developed nations, including, the United States (31), Switzerland (40), Austria (27) and France .
- South Africa ranks 57th out of 157 countries in the world in terms of economic freedom, ahead of Italy (64), Brazil (101), the United Arab Emirates (63), Greece (94th), India (104th) and China (126), according to the Index of Economic Freedom 2007
- The black middle class grew by 30% in 2005, adding another 421,000 black adults to SA's middle-income layer and ramping up the black population's share of SA's total middle class to almost a third, according to the Financial Mail. Between 2001 and 2004, there were 300,000 new black entrants to the middle class.
- South Africa ranks in the top four countries worldwide in terms of the transparency surrounding its budgets - ahead of the US, Norway and Sweden - according to the Open Budget Index.
- South Africa is ranked 35th out of 178 countries for ease of doing business - ahead of Spain, Brazil and India - according to Doing Business 2008, a joint publication of the World Bank and the International Finance Corporation.
- The Johannesburg Stock Exchange was the 7th best performing stock market in 2005, according to the World Federation of Exchanges
- In 2005, interest rates were at a 25-year low
- Johannesburg is the 117th most expensive city out of the 144 measured by Irish business website finfacts.com
- South Africa accounts for almost 45% of the GDP of the entire African continent, with an economy three times the size of the second biggest (Egypt)
- According to the Economic Freedom of the World 2005 Annual Report, South Africa ranks 38th out of 127 countries in terms of ecomomic freedom, tied with France and ahead of Israel, India, Italy, China, Brazil and Russia.
- The rand, the world's most actively traded emerging market currency, has joined an elite club of 16 currencies - the Continuous Linked S
ettlement (CLS) - where forex transactions are settled immediately, lowering the risks of transacting across time zones. Standard Bank is the only African bank to be a shareholder partner of CLS.
- The South African Rand was the best performing currency against the US Dollar between 2002 and 2005, according to the Bloomberg's Currency Scorecard
- South Africa's per capita GDP, corrected for purchasing power parity, positions the country as one of the 50 wealthiest in the world
- South Africa is the 35th best place in the world to do e-business, according to the Economist Intelligence Unit's 2007 E-Readiness Report.
- South Africa is the best-ranked country in terms of price stability, our fiscal policy is ranked 11th, our international trade competitiveness 21st, and we are the 28th most-attractive destination for foreign direct investment, according to the World Competiveness Yearbook 2005
- South African business owners of mid-size companies are the second most optimistic worldwide about their economic prospects of the year ahead, according to the annual Grant Thornton International Business Owners Survey for 2005.
- Tax revenue in SA has increased by 220% over the past 10 years
- The number of tourists visiting South Africa has grown by 116% since 1994
- Over the past 5 years, Consumer Confidence in SA has improved by 43%.
Special thanks to Leanne Nimmo – Editor of www.sagoodnews.co.za