by Sindile Vabaza
The link between the “Doing Business” ranking and inclusive, job-creating economic growth is straightforward: When the ease of doing business improves and a country rises in the rankings, its economy is performing better mainly because of expanded SME business activity.
South Africa’s growth has trended downwards since 2010, averaging just 1.7% between 2011 and 2018 from an average high of 4.1% during the presidency of Thabo Mbeki. When coupled with an average population growth of 1.6%, this has meant that our economy has failed to maintain the necessary pace needed to create jobs for new market entrants.
Read the full article on the City Press.