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South Africa Business Rankings
South Africa ranks 94 out of 162 countries and territories according to their economic system. Economic Freedom of the World (EFW) index measures the degree to which the policies and institutions of countries support economic freedom. In 2000, South Africa ranked 46th in the world, which meant being in the top 30% of economically free countries. Not only was it high on the index, but it was rising, destined to be one of the world’s freest and thus most prosperous countries.
Unfortunately, instead of building on its post-apartheid achievement, SA started sliding down the rankings and is now in the bottom 40%. This means that South Africans now have less economic freedom than they had gained by 2000. Sliding down the index condemns countries to lower incomes, greater poverty, more inequality, reduced life expectancy, fewer political rights and liberties and bleak prospects for the quality of life.
However, Its Time. South Africans can turn it around. Watch this space come 2019!