South Africa struggling to improve competitiveness – survey

The Institute of Management Development (IMD) said on Monday that South Africa had failed to improve on its overall competitiveness, with low economic growth, unemployment and a steep public debt interest payments posing serious bottlenecks for the country’s growth.  In its latest World Competitiveness Yearbook (WCY), South Africa remained rooted at 53 out of the 63 countries surveyed by the IMD, the same position it held last year.