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Economc Ranking of South Africa
The World Bank’s annual Doing Business Report currently ranks South Africa 82 out of 190 countries
tracked. We have set ourselves the target of being among the top 50 global performers within the
next 3 years. It has long been recognised that one of the constraints that inhibit the growth of our
economy is the high level of economic concentration.
The agreement on the establishment of African Continental Free Trade Area offers great opportunities
to place South Africa on a path of investment-led trade, and to work with other African countries to
develop their own industrial capacity. The agreement will see the creation of a market of over a billion
people with a combined GDP of approximately $3.3 trillion.
Small Business Development
The country has implemented the following programme;
The incubation programme provides budding entrepreneurs with physical space, infrastructure and
shared services, access to specialised knowledge, market linkages, training in the use of new
technologies and access to finance. The incubation programme currently consists of a network of 51
technology business incubators, 10 enterprise supplier development incubators and 14 rapid youth
We expect these hubs to provide most needed entrepreneurial service to small and medium
enterprises in the rural areas and townships but more especially to young people who want to start
their businesses. Our greatest challenge is to create jobs for the unemployed of today, while preparing
workers for the jobs of tomorrow.