Ch. 1. Macroeconomic background -- Economic growth -- Investment and savings -- Interest rates and inflation -- Exchange rate -- Ch. 2. analysis of firm performance -- Productivity -- Profitability -- Exporting -- Ch. 3. Characteristics of the labor market -- Worker characteristics -- Remuneration and determinants of wages -- Employment growth -- Training -- Labor regulation -- Ch. 4. Access to and cost of finance -- Finance as an obstacle to enterprise operations and growth -- Perceptions about access to finance by firm type -- Objective indicators on access to and the cost of finance -- Ch. 5. Other aspects of the investment climate -- Perceptions about investment climate problems -- Major constraints on enterprise operation and growth -- Other constraints on enterprise operations and growth
Summary
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 S
Bibliography
Includes bibliographical references (pages 115-121) and index
Notes
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English
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