{"id":24834,"date":"2012-10-23T14:59:37","date_gmt":"2012-10-23T12:59:37","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=24834"},"modified":"2012-10-23T15:00:57","modified_gmt":"2012-10-23T13:00:57","slug":"the-easiest-place-to-do-business-in-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/24834\/the-easiest-place-to-do-business-in-the-world\/","title":{"rendered":"The easiest place to do business in the world"},"content":{"rendered":"<p>The World Bank has issued its latest Doing Business index, which ranked South Africa 39th out of 185 economies in terms of ease of doing business.<\/p>\n<p>Singapore was ranked as the easiest country to do business in, globally, with China taking the 2nd spot, the USA placing 4th, and the UK ranked 7th.<\/p>\n<p>The ease of doing business index ranks economies from 1 to 185. For each economy, the ranking is calculated as the simple average of the percentile rankings on each of the 10 topics included in the index in Doing Business 2013.<\/p>\n<p>These topics include:<\/p>\n<ul>\n<li>Starting a business;<\/li>\n<li>Dealing with construction permits;<\/li>\n<li>Getting electricity;<\/li>\n<li>Registering property;<\/li>\n<li>Getting credit;<\/li>\n<li>Protecting investors;<\/li>\n<li>Paying taxes;<\/li>\n<li>Trading across borders;<\/li>\n<li>Enforcing contracts;<\/li>\n<li>and resolving insolvency.<\/li>\n<\/ul>\n<p>Doing Business presents a comparable ranking for the previous year, adjusted for any changes in methodology as well as additions of economies or topics, the World Bank said.<\/p>\n<p>&#8220;One example of how the ease of doing business index is constructed: in Finland it takes 3 procedures, 14 days and 4% of property value in fees to register a property. On these 3 indicators Finland ranks in the 6th, 16th and 39th percentiles,&#8221; the world bank said.<\/p>\n<p>&#8220;So, on average, Finland ranks in the 20th percentile on the ease of registering property. It ranks in the 30th percentile on starting a business, 28th percentile on\u00a0getting credit, 24th percentile on paying taxes, 13th percentile on enforcing contracts, 5th percentile on trading across borders and so on.&#8221;<\/p>\n<p>According to the World Bank, higher rankings indicate simpler regulation and stronger protection of property rights.<\/p>\n<p>South Africa&#8217;s easy access to credit (1st percentile), and ability to protect investor&#8217;s interests (10th percentile) helped the country place higher on the overall rankings.<\/p>\n<p>Dealing with construction permits (39th percentile), and the ease of paying taxes (32nd percentile) also placed South Africa favourably.<\/p>\n<p>The ease of starting a business in South Africa placed in the 53rd percentile.<\/p>\n<p>Access to electricity (150th percentile) was by far the lowest-ranked topic in South Africa&#8217;s ranking &#8211; with cross-border trading also proving difficult (115th percentile).<\/p>\n<p><strong>Global Top 10<\/strong><\/p>\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" border=\"1\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td valign=\"top\" bgcolor=\"#CCCCCC\"><strong>Rank<\/strong><\/td>\n<td valign=\"top\" bgcolor=\"#CCCCCC\"><strong>Economy<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Singapore<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Hong Kong SAR, China<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>New Zealand<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>United States<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Denmark<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Norway<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>United Kingdom<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Republic of Korea<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Georgia<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>Australia<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Looking at Africa and Sub-Saharan Africa, South Africa placed second overall on the continent, with Mauritius taking the top spot as easiest place to do business in Africa &#8211; having placed 19th, globally.<\/p>\n<p><strong>Sub-Saharan Africa Top 10<\/strong><\/p>\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" border=\"1\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td valign=\"top\" bgcolor=\"#CCCCCC\"><strong>Rank<\/strong><\/td>\n<td valign=\"top\" bgcolor=\"#CCCCCC\"><strong>Overall<\/strong><\/td>\n<td valign=\"top\" bgcolor=\"#CCCCCC\"><strong>Economy<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>19<\/td>\n<td>Mauritius<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>39<\/td>\n<td>South Africa<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>52<\/td>\n<td>Rwanda<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>59<\/td>\n<td>Botswana<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>64<\/td>\n<td>Ghana<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>74<\/td>\n<td>Seychelles<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>87<\/td>\n<td>Namibia<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>94<\/td>\n<td>Zambia<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>120<\/td>\n<td>Uganda<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>121<\/td>\n<td>Kenya<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><small>Report: <a title=\"World Bank\" href=\"http:\/\/www.doingbusiness.org\/rankings\">World Bank<\/a><\/small><\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/general\/22052\/south-african-economy-shows-slow-recovery\/\"><strong>South African economy shows slow recovery<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/21567\/sa-behind-tunisia-in-africa-web-ranking\/\"><strong>SA behind Tunisia in Africa Web ranking<\/strong><\/a><\/p>\n<p><a title=\"SA online economy at 2.5% of GDP by 2016\" href=\"http:\/\/businesstech.co.za\/news\/internet\/13871\/sa-online-economy-at-2-5-of-gdp-by-2016\/\"><strong>SA online economy at 2.5% of GDP by 2016<\/strong><\/a><\/p>\n<p><a title=\"SA online economy at R103bn by 2016\" href=\"http:\/\/businesstech.co.za\/news\/general\/13866\/sa-online-economy-at-r103bn-by-2016\/\"><strong>SA online economy at R103bn by 2016<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/general\/12018\/africas-biggest-gdp-players-compared\/\"><strong>Africa\u2019s biggest GDP players compared<\/strong><\/a><\/p>\n<p><a title=\"SA Internet stats for 2011 revealed\" href=\"http:\/\/mybroadband.co.za\/news\/internet\/49533-sa-internet-stats-for-2011-revealed.html\"><strong>SA Internet stats for 2011 revealed<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank has issued its latest Doing Business economic index, which ranks 185 economies in terms of ease of doing business.<\/p>\n","protected":false},"author":10,"featured_media":7429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4425,4424,26,4423],"class_list":["post-24834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-doing-business-2013","tag-ease-of-business","tag-headline","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=24834"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24834\/revisions"}],"predecessor-version":[{"id":24848,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24834\/revisions\/24848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7429"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=24834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=24834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=24834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}