Download An Assessment of the Investment Climate in South Africa by Vijaya Ramachandran, George Clarke, David E. Kaplan, James PDF

By Vijaya Ramachandran, George Clarke, David E. Kaplan, James Habyarimana, Mike Ingram

So much features of South Africa's funding climate―the location-specific components that form possibilities and incentives for corporations to speculate productively, create jobs, and grow―are favorable. the vast majority of huge, registered enterprises think that the criminal process is ready to defend their estate rights. Infrastructure is trustworthy. Tax premiums are fairly low. the weight of legislation is analogous to different middle-income countrries. Few organizations pay bribes. And such a lot companies have sufficient entry to credits. in lots of dimensions, South Africa has a very good funding climate.

Consistent with this, huge South African organisations are very effective. exertions productiveness is much larger than within the best low-income nations in Sub-Saharan Africa and compares favorably with different middle-income international locations akin to Brazil, Lithuania, Malaysia, and Poland. And even though exertions productiveness in South Africa is a little bit below within the best towns in China, it's over 3 times greater than in China as a whole.

So, why hasn't South Africa been becoming swifter? As this name explores, whereas the funding weather is mostly favorable, a few difficulties stay. enterprises seem to be quite involved in 4 parts: hassle hiring expert and knowledgeable employees, inflexible hard work rules, trade expense instability, and crime. utilizing rigorous statistical info on those and similar themes, the ebook goals to help coverage makers and personal area stakeholders in constructing reforms that may increase enterprise functionality and progress.

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Additional info for An Assessment of the Investment Climate in South Africa (Directions in Development)

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In the decade before 1994, investment in South Africa declined by 3 percent per year, but in the next decade, it rose by some 5 percent per year. 2). 2 Cross-Country Comparison of Gross Fixed Capital Formation, Average 1994–2003 percent of GDP 40 30 20 10 Source: World Bank 2005b. 5 percent in 2004 but remained lower than that in the fast-growing Asian economies. By contrast with the historical analysis of the longer-term determinants of economic growth in South Africa, the National Treasury’s analysis suggests that increased fixed investment has principally driven recent economic growth (National Treasury 2005, 11).

The sample was composed of firms in manufacturing, construction, and retail and wholesale trade. Within these broad sectors, firms were randomly selected from lists of firms registered with the Department of Trade and Industry (only formal registered enterprises are included in the sample). Although broadly representative of formal firms within each sector, the sample is not representative of the entire economy. In the absence of appropriate weights, data cannot be pooled across broad sectors to achieve an economywide representative sample.

Note: All values are medians for all enterprises with available data. Capital is the net book value of machinery and equipment at the end of 2002. Workers include both permanent and temporary workers. S. dollars using average exchange rates for 2002 from World Development Indicators. 5 Cross-Country Comparison of Capital Productivity Source: Investment Climate Surveys. Note: All values are medians for enterprises with available data. Value added is calculated by subtracting intermediate inputs and energy costs from sales from manufacturing.

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