South Africa’s 2nd Place Ranking

We are pleased to announce that, in the Global Competitiveness Survey 2009-2010, compiled by the World Economic Forum, released in September 2009, South Africa is ranked 2nd out of 133 countries in terms of the strength of its auditing and reporting standards.

The rankings are calculated from both publicly available data and the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum together with its network of Partner Institutes (leading research institutes and business organisations) in the countries covered by the Report.

The preface of the Report states “Policymakers are presently struggling with ways of managing these new economic challenges while preparing their economies to perform well in a future economic landscape characterized by growing uncertainty.

In a difficult global economic environment, it is more important than ever for countries to put into place strong fundamentals underpinning economic growth and development. The World Economic Forum has, for the past 30 years, played a facilitating role in this process by providing detailed assessments of the productive potential of nations worldwide. The Report is a contribution to enhancing the understanding of the key factors determining economic growth and to explaining why some countries are more successful than others in raising income levels and opportunities for their respective populations; hence it offers policymakers and business leaders an important tool in the formulation of improved economic policies and institutional reforms.

This year’s Report features a total of 133 economies, thus providing the most comprehensive assessment of its kind. The Report contains a detailed profile for each of the economies featured in the study as well as an extensive section of data tables with global rankings covering over 100 indicators.”

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