World Competitiveness Report, South Africa; and Labour Legislation in Sa
World Competitiveness Report, South Africa and Labour Regulations in SA According to the world competitiveness report compiled in 2012-2013 South Africa is the leading country on the African continent. The world competitiveness report (2012-2013, p. 14 of 150) includes 144 countries and South Africa is ranked over all as fifty second. The major strengths of the country include the financial market development and various strengths that institutions have in the country. This does not, however, imply that South Africa does not have certain major weaknesses the most prominent of these being health and primary education. The world competitiveness report describes four stages of development, four being the highest and one the lowest. South Africa is currently in the third stage which is efficiency driven. Once this has been accomplished the country may move forward to the innovation stage. The greatest strength in South Africa at the moment is its institutions. Quality of institutions itself is rated as 43rd (World Competitiveness Report 2012-2013). The quality of private institutions is ranked in second place while financial market development is almost as high in third place. This illustrates a developed sense of the business world and what it entails to run globally competitive companies. The business sector is ranked at an acceptable level with business innovation being 42nd and business sophistication 38th (World Competitiveness Report 2012-2013, p. 325 of 545).
The quality of education, both secondary and tertiary, in South Africa is ranked 140th. Enrollment in higher education is low with secondary education enrollment rating 50th and tertiary 101th. Once again, the business area is the best with business schools placing 15th while other fields of study are all rated between 100 and 140 (World Competitive Report 2012-2013, p. 325 of 545). South Africa is at an acceptable level of competitiveness even though there are some serious
The quality of education, both secondary and tertiary, in South Africa is ranked 140th. Enrollment in higher education is low with secondary education enrollment rating 50th and tertiary 101th. Once again, the business area is the best with business schools placing 15th while other fields of study are all rated between 100 and 140 (World Competitive Report 2012-2013, p. 325 of 545). South Africa is at an acceptable level of competitiveness even though there are some serious
Bibliography: • Bhoola, U. 2011. National Labour Law Profile: South Africa.Accessed 9 September 2013. Available: http://www.ilo.org/ifpdial/information-resources/national-labour-law-profiles/WCMS_158919/lang--en/index.htm • Leone Sharp n.d. SA Labour Law Have Substantial Negative Effects. Accessed 9 September 2013. Available: http://www.thenewage.co.za/blogdetail.aspx?mid=186&blog_id=2914 • SouthAfrica.info. 2013. SA’s Middleclass on the Rise. Accessed 9 September 2013. Available: http://www.southafrica.info/business/economy/middle-class-300413.htm#.UjXKVcanqJQ