An Assessment of the Investment Climate in South Africa
An Assessment of the Investment Climate in South Africa

Author: Vijaya Ramachandran

Publisher: World Bank Publications

Published: 2007-05-10

Total Pages: 161

ISBN-13: 0821368990

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Most aspects of South Africa's investment climate the location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and grow are favorable. The majority of large, registered firms believe that the legal system is able to protect their property rights. Infrastructure is reliable. Tax rates are relatively low. The burden of regulation is comparable to other middle-income countrries. Few firms pay bribes. And most firms have adequate access to credit. In many dimensions, South Africa has a good investment climate. Consistent with this, large South African firms are very productive. Labor productivity is far higher than in the most productive low-income countries in Sub-Saharan Africa and compares favorably with other middle-income countries such as Brazil, Lithuania, Malaysia, and Poland. And although labor productivity in South Africa is slightly lower than in the most productive cities in China, it is over three times higher than in China as a whole. So, why hasn't South Africa been growing faster? As this title explores, while the investment climate is generally favorable, some problems remain. Firms appear to be particularly concerned about four areas: difficulty hiring skilled and educated workers, rigid labor regulations, exchange rate instability, and crime. Using rigorous statistical information on these and related topics, the book aims to assist policy makers and private sector stakeholders in developing reforms that will improve firm performance and growth.

The Investment Climate in Brazil, India, and South Africa
The Investment Climate in Brazil, India, and South Africa

Author: Qimiao Fan

Publisher: World Bank Publications

Published: 2008

Total Pages: 148

ISBN-13:

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Bevat: Introduction -- Assessing the investment climate of Brazil, India, and South Africa -- Macroeconomic and trade policy -- Macroeconomic performance -- Taxation -- Foreign trade and exchange -- The benefits of exporting : the case of Brazil -- Microeconomic framework -- Regulation -- Enforcement -- Enabling environment for growth -- Investment climate and firm location -- Access to finance -- Physical infrastructure -- Cost and availability of skilled labor -- Crime -- Potential reforms and their estimated effects -- Investment climate reform and productivity -- Examining options for microeconomic reform : access to credit -- Lessons from country experience -- A flat tax for micro and small firms : the SIMPLES reform in Brazil -- The emergence of India's software sector -- Building a respected corporate tax system in South Africa -- South Africa's accelerated and shared growth initiative -- Conclusions -- Appendix A: Concept of the investment climate --Appendix B: Data sources.

Investment Climate Reforms
Investment Climate Reforms

Author: World Bank World Bank

Publisher: World Bank Publications

Published: 2015-11-02

Total Pages: 253

ISBN-13: 1464806292

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Private firms are at the forefront of the development process, providing more than 90 percent of jobs, supplying goods and services, and representing a significant source of tax revenues. Their ability to grow, create jobs, and reduce poverty depends critically on a well-functioning investment climate--defined as the policy, legal, and institutional arrangements underpinning the functioning of markets and the level of transaction costs and risks associated with starting, operating, and closing a business. The World Bank Group has provided extensive support to investment climate reforms. This evaluation by the Independent Evaluation Group (IEG) assesses the relevance, effectiveness, and social value of World Bank Group support to investment climate reforms as it relates to concerns for inclusion and shared prosperity. IEG finds that the World Bank Group has supported a comprehensive menu of investment climate reforms and has improved investment climate in countries, as measured by number of laws enacted, streamlining of processes and time, or simple cost savings for private firms. However, the impact on investment, jobs, business formation, and growth is not straightforward. Regulatory reforms need to be designed and implemented with both economic and social costs and benefits in mind; IEG found that, in practice, World Bank Group support focuses predominantly on reducing costs to businesses. In supporting investment climate reforms, the World Bank and the International Finance Corporation use two distinct but complementary business models. Despite the fact that investment climate is the most integrated business unit in the World Bank Group, coordination is mostly informal, relying mainly on personal contacts. IEG recommends that the World Bank Group expand its range of diagnostic tools and integrate them in the areas of the business environment not yet covered by existing tools; develop an approach to identify the social effects of regulatory reforms on all groups expected to be affected by them beyond the business community; and exploit synergies by ensuring that World Bank and IFC staff improve their understanding of each other's work and business models.

Special Economic Zones in Africa
Special Economic Zones in Africa

Author: Thomas Farole

Publisher: World Bank Publications

Published: 2011-01-01

Total Pages: 328

ISBN-13: 0821386395

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"This book, designed for policymakers, academics and researchers, and SEZ program practitioners, provides the first systematic and comprehensive analysis of SEZ programs in Sub-Saharan Africa. It is the result of detailed surveys and case studies conducted during 2009 in ten developing countries, including six in Sub-Saharan Africa. The book provides quantitative evidence of the performance of SEZs, and of the factors which contribute to that performance, highlighting the critical importance not just of the SEZ itself but of the wider national investment climate in which it functions. It also provides a comprehensive guide to the key policy questions that confront governments establishing SEZ programs, including: if and when to launch an SEZ program, what form of SEZ is most appropriate, and how to go about implementing it. Among the most important findings from the study that is stressed in the book is the shift from traditional enclave models of zones to SEZs that are integrated ? with national trade and industrial strategies, with core trade and social infrastructure, with domestic suppliers, and with local labor markets.Although the book focuses primarily on the experience of Sub-Saharan Africa, its lessons will be applicable to developing countries around the world."