around the World

South Africa Ranks 77th In Economic Freedom Worldwide

south-africa-flag-std

According to the Heritage Foundation 2018 index, out of 180 world countries in economic freedom, South Africa ranks 77th and 4th place in the African region with an improved score of 0.7 as compared to 2017.

The Index of Economic Freedom, released on an annual basis by the Heritage Foundation, provides insight into the extent to which governments enable an open and unrestricted economic environment for their citizens and businesses to operate in.

“Notable improvements for South Africa in 2018 include the improvement in the area of investment freedom and judicial effectiveness. The latter is significant coming in a year where the administration of President Ramaphosa made an investment a key focal area of its work,” Dr. Petrus de Kock, General Manager, Research for Brand South Africa.

He also said that the index shows some good insight into the South African ecosystem and as the country continues to fight the challenges they need to encourage innovation and entrepreneurship.

De Kock also added, “We are pleased with the upward trend of the nation’s competitive performance, particularly since 2018 saw a declining global competitiveness of the economy, and South Africa also slipped into a technical recession during the first half of the year which it moved out of after the economy saw a 2.2% rebound in the third quarter. It is, therefore, promising that South Africa, according to the 2018 Index of Economic Freedom, is ‘moderately free’ in terms of its economic activity.

Economic freedom is about much more than a business environment where business flourishes, it has a far-reaching impact on other aspects such as human development and the power of choice. Consequently, it remains imperative for South Africa to continue safeguarding openness to its market, government size, and rule of law.”

South Africa’s ranking improvement is caused by the advancement of property rights from 2017 to 2018 with significant improvement in other areas as well.

  • Property right – from 67.6 to 67.7
  • Judicial effectiveness – from 59.7 to 65.9
  • Fiscal health – from 70.7 to 75.3
  • Business freedom – from 62.0 to 65.1
  • Labor freedom – from 58.9 to 60.1
  • Investment freedom – from 40.0 to 50.0

Notable is that South Africa ranks higher than two European nations

  • Italy – 79/180
  • Greece – 115/180

Out of the 180 economies measured by the index in 2018 – 102 scored better, while the economic freedom scores of 75 got worse. South Africa is one of the 102 countries that improved its economic freedom score.

38 Comments

38 Comments

  1. Hubi

    January 24, 2019 at 7:38 pm

    That’s really amazing! Didn’t know.

  2. nanoo.net

    April 21, 2019 at 8:40 am

    Schwab Clever Portfolios invests in Schwab ETFs.

  3. Lorri

    April 23, 2019 at 4:02 pm

    I like the helpful info you provide in your articles.
    I’ll bookmark your weblog and check again here frequently.

    I am quite certain I will learn many new stuff right here!

    Best of luck for the next!

  4. tinyurl.com

    April 23, 2019 at 4:04 pm

    Pretty! This was a really wonderful article.
    Many thanks for providing these details.

  5. http://tinyurl.com

    April 23, 2019 at 4:32 pm

    An outstanding share! I have just forwarded this onto a co-worker who has been conducting a little research on this.

    And he in fact ordered me dinner simply because I found it for him…
    lol. So allow me to reword this…. Thank YOU for the meal!!

    But yeah, thanks for spending some time to talk
    about this issue here on your internet site.

  6. Rodrigo Branco

    April 23, 2019 at 5:04 pm

    I’m not that much of a online reader to be honest but your blogs really nice, keep
    it up! I’ll go ahead and bookmark your website to come back later on.
    Many thanks

  7. Rodrigo Branco

    April 23, 2019 at 5:48 pm

    Thanks in support of sharing such a fastidious thought, paragraph is nice,
    thats why i have read it entirely

  8. Damaris

    April 23, 2019 at 7:40 pm

    Heya i’m for the primary time here. I found this board and I in finding It truly helpful & it
    helped me out a lot. I am hoping to provide something back and aid others such as you aided me.

  9. Cathy

    April 23, 2019 at 8:21 pm

    I could not resist commenting. Perfectly written!

  10. Jermaine

    April 23, 2019 at 8:30 pm

    Right here is the perfect webpage for anybody who would like to find out about this topic.

    You know so much its almost hard to argue with you (not that I actually
    would want to…HaHa). You definitely put a brand new
    spin on a subject which has been written about for a long time.
    Wonderful stuff, just excellent!

  11. http://tinyurl.com/

    April 23, 2019 at 9:22 pm

    Peculiar article, just what I needed.

  12. tinyurl.com

    April 24, 2019 at 12:01 am

    This paragraph is truly a nice one it assists new net people,
    who are wishing for blogging.

  13. Lolita

    April 24, 2019 at 12:42 am

    I like the helpful information you provide in your articles.
    I will bookmark your blog and check again here regularly.
    I’m quite sure I’ll learn lots of new stuff right here! Best of luck for the next!

  14. tinyurl.com

    April 24, 2019 at 1:18 am

    I do not even know how I ended up here, but I thought this post
    was great. I don’t know who you are but certainly you are going to a famous blogger if you are not already
    😉 Cheers!

  15. Dorothea

    April 24, 2019 at 1:23 am

    A person necessarily lend a hand to make significantly articles I
    would state. This is the very first time I frequented your website page
    and thus far? I surprised with the analysis you made to make this actual submit incredible.
    Magnificent activity!

  16. Rodrigo Branco

    April 24, 2019 at 3:35 am

    Hello, this weekend is fastidious designed for me,
    because this occasion i am reading this great educational piece
    of writing here at my home.

  17. Mauro Pereira Martins cunhado

    April 24, 2019 at 3:40 am

    Hello there I am so glad I found your web site, I really found you by mistake, while I was browsing on Yahoo for something else, Anyhow I
    am here now and would just like to say kudos for a fantastic post and a all round entertaining
    blog (I also love the theme/design), I don’t have time to read it all at the moment
    but I have bookmarked it and also included your RSS feeds,
    so when I have time I will be back to read more, Please
    do keep up the superb work.

  18. Leonardo Martins de Almeida

    April 24, 2019 at 4:20 am

    As the admin of this web page is working, no hesitation very rapidly it will be renowned,
    due to its feature contents.

  19. Mauro Pereira Martins cunhado

    April 24, 2019 at 5:21 am

    Heya this is kind of of off topic but I was wondering if
    blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding knowledge
    so I wanted to get guidance from someone with experience. Any
    help would be greatly appreciated!

  20. Zelma

    April 24, 2019 at 9:38 am

    Hello, i think that i saw you visited my web site so i came to “return the
    favor”.I’m trying to find things to improve
    my web site!I suppose its ok to use a few of your ideas!!

  21. tinyurl.com

    April 24, 2019 at 12:33 pm

    There is certainly a lot to find out about this
    topic. I love all the points you’ve made.

  22. tinyurl.com

    April 24, 2019 at 1:02 pm

    Great information. Lucky me I found your website by chance (stumbleupon).
    I’ve book marked it for later!

  23. Leonardo Martins de Almeida

    April 24, 2019 at 2:09 pm

    I always spent my half an hour to read this webpage’s
    posts daily along with a mug of coffee.

  24. Leonardo Martins de Almeida

    April 24, 2019 at 3:54 pm

    It’s going to be end of mine day, except before ending I am reading this wonderful paragraph to increase my know-how.

  25. Tory

    April 24, 2019 at 4:56 pm

    I take pleasure in, lead to I found exactly what I was looking for.
    You have ended my four day lengthy hunt! God Bless you man. Have a great day.

    Bye

  26. Madge

    April 24, 2019 at 9:27 pm

    Excellent post. I was checking constantly this blog
    and I’m impressed! Extremely useful info specially the last part 🙂 I care for such info a lot.
    I was looking for this certain info for a long time.
    Thank you and best of luck.

  27. Leonardo Martins de Almeida

    April 24, 2019 at 9:51 pm

    Woah! I’m really loving the template/theme of this website.
    It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between superb usability and appearance.
    I must say you have done a excellent job
    with this. Additionally, the blog loads very quick
    for me on Firefox. Superb Blog!

  28. Jacinto

    April 24, 2019 at 11:17 pm

    I like it when folks come together and share thoughts.
    Great site, keep it up!

  29. http://tinyurl.com/

    April 25, 2019 at 12:49 am

    This paragraph is genuinely a fastidious one it assists new internet visitors,
    who are wishing in favor of blogging.

  30. Luiz Gastão Bittencourt

    April 25, 2019 at 1:11 am

    First of all I would like to say excellent blog! I had a quick question that I’d like to ask
    if you don’t mind. I was interested to find out how you center yourself and clear
    your thoughts before writing. I have had
    trouble clearing my mind in getting my ideas out there. I truly do take pleasure in writing however it just seems
    like the first 10 to 15 minutes are usually wasted simply
    just trying to figure out how to begin. Any
    suggestions or hints? Cheers!

  31. Anja

    April 25, 2019 at 2:14 am

    I enjoy what you guys are usually up too. This
    kind of clever work and reporting! Keep up the terrific works guys I’ve incorporated you guys to my blogroll.

  32. Grupo Coral

    April 25, 2019 at 3:57 am

    You really make it seem so easy with your presentation but I find
    this topic to be actually something which I think I would never understand.

    It seems too complicated and very broad for me. I am looking forward for your next post,
    I’ll try to get the hang of it!

  33. tinyurl.com

    April 25, 2019 at 4:00 am

    I do not even know how I ended up here, but I thought this post was great.
    I don’t know who you are but certainly you’re
    going to a famous blogger if you aren’t already 😉 Cheers!

  34. Sophie

    April 25, 2019 at 4:44 am

    Hello there, I think your web site could possibly be
    having web browser compatibility problems. When I look at your site in Safari, it looks
    fine but when opening in Internet Explorer, it has some overlapping issues.
    I simply wanted to provide you with a quick heads up!
    Besides that, fantastic site!

  35. Americo Amadeu Filho

    April 25, 2019 at 7:06 am

    Hi there, I found your website by means of Google whilst searching for a similar
    matter, your site came up, it looks good. I have bookmarked it
    in my google bookmarks.
    Hi there, just changed into aware of your blog thru Google, and located that it is
    truly informative. I am gonna be careful for brussels.
    I will appreciate in case you continue this in future.

    Many folks will probably be benefited out
    of your writing. Cheers!

  36. Rodrigo Branco

    April 25, 2019 at 7:09 am

    Hi there, I enjoy reading through your article post.
    I like to write a little comment to support you.

  37. Jocelyn

    April 25, 2019 at 7:37 am

    Great post.

  38. Luiz Gastão Bittencourt

    April 25, 2019 at 9:36 am

    Thanks for the marvelous posting! I really enjoyed reading it,
    you happen to be a great author.I will remember to bookmark your blog and will eventually come back very soon. I want to encourage you to definitely continue your
    great writing, have a nice day!

Leave a Reply

Your email address will not be published. Required fields are marked *

The Two4Africa Team is determined to make this website very dynamic, trying to update the page as frequently as possible by also asking readers to contribute and release articles.

Contact

Mr Hubertus von Drabich
Newlands, Harare, Zimbabwe

Phone: +971 00 000 0000
Email: info@two4africa.com

Copyright © 2018 two4africa.com.

To Top