In South Africa, Corruption is a big obstacle to do business and it was explained by this infographic done by the WEF, Global Competitiveness Index. Corruption is what is hampering the South African economy most. 

According to the World Economic Forums "Global Competitiveness Report 2017-2018", it is one of the region's most innovative countries but has dropped to 14 positions in this year's index, as the overall economy is near a standstill. 

Out of the 170 executives asked for the included "Executive Opinion Survey", corruption is the most problematic factor for doing business in their country, followed by crime and theft.

The problematic factors and their scores are:
14.3 - Corruption
12.1 - Crime and Theft
10.2 - Government Instability
7.4   - Tax Rates
7.0 - Inefficient Government Bureaucracy
6.6 - Poor Work ethic in the national labor force
6.3 - Restrictive Labor Regulations
6.1 - Inadequately educated workforce
5.9 - Inflation
5.7 - Access to Financing

Image source: https://www.statista.com/chart/12887/most-problematic-factors-for-doing-business-in-south-africa/
Image license: CC-BY-ND

Most problematic factors for doing business in South Africa in 2017

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In South Africa, Corruption is a big obstacle to do business and it was explained by this infographic done by the WEF, Global Competitiveness Index. Corruption is what is hampering the South African economy most.

According to the World Economic Forums "Global Competitiveness Report 2017-2018", it is one of the region's most innovative countries but has dropped to 14 positions in this year's index, as the overall economy is near a standstill.

Out of the 170 executives asked for the included "Executive Opinion Survey", corruption is the most problematic factor for doing business in their country, followed by crime and theft.

The problematic factors and their scores are:
14.3 - Corruption
12.1 - Crime and Theft
10.2 - Government Instability
7.4 - Tax Rates
7.0 - Inefficient Government Bureaucracy
6.6 - Poor Work ethic in the national labor force
6.3 - Restrictive Labor Regulations
6.1 - Inadequately educated workforce
5.9 - Inflation
5.7 - Access to Financing

Image source: https://www.statista.com/chart/12887/most-problematic-factors-for-doing-business-in-south-africa/
Image license: CC-BY-ND

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