Although South Africa slipped again on the World Bank’s Ease of Doing Business report, from a continental point of view, things are looking good for the Rainbow Nation.
South Africa dropped to 84th out of 190 economies in the report, slipping two places. The country held its rank in 2018 from the previous year, but it has plummeted over the past decade. In 2008, it stood at 32nd on the list — it’s the best ranking.
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Now, it’s at its lowest ranking with the report saying that South Africa implemented one single reform in 2019 and only four in the past five years.
However, the country remains in the World Bank’s top five in the sub-Sahara region of Africa.