SA business and innovation status

South Africa ranks 55th out of 144 countries in terms of its business and innovation environment, according to the latest report by the World Economic Forum (WEF).

The international body published its Global Information Technology Report 2013 earlier this week (10 April), and revealed that South Africa climbed two positions overall, to 70th place.

“Despite a sharp improvement in the development of its ICT infrastructure (59th)—notably in terms of international Internet bandwidth capacity (66th)—and a strong uptake by the business community (33rd), the ICT impacts (92nd), particularly the social ones (112th), remain limited,” the report said of SA.

“The perception of a lack of clear government vision (105th) to orchestrate and implement a holistic ICT strategy for the country, coupled with deficiencies in the educational system for some segments of the population (102nd), play negatively in this process and outweigh a rather positive political and regulatory framework for ICT development (21st) and pro-business environment (55th),” it said.

Business Innovation ICT
Business Innovation in SA

The Global Information Technology Report 2013 features the latest results of the Networked Readiness Index (NRI), offering an overview of the current state of ICT readiness in the world.

South Africa ranked 81st for individual usage of ICT, 33rd for business usage, and 102 for government usage.

Furthermore, the report noted that the country ranks 59th for infrastructure and digital content, 104th for affordability, and 102 for skills in the ICT space.

For economic impact, SA ranks 51st, and for social impact sees the country at 112th.

South Africa Network Readiness
South Africa Network Readiness

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SA business and innovation status