{"id":98631,"date":"2015-09-17T09:21:10","date_gmt":"2015-09-17T07:21:10","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=98631"},"modified":"2015-09-17T09:21:10","modified_gmt":"2015-09-17T07:21:10","slug":"south-africas-economic-prospects-look-dismal","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/98631\/south-africas-economic-prospects-look-dismal\/","title":{"rendered":"South Africa’s economic prospects look dismal"},"content":{"rendered":"

Data measurement group Nielsen has released its African Prospect Index<\/a><\/strong>, ranking South Africa as the worst out of selected countries on a number of economic prospects.<\/p>\n

The nine countries evaluated by Nielsen, including Nigeria, Cote D’Ivoire, and Kenya, were ranked in four categories: Macroeconomics, Business, Consumers, and Retail.<\/p>\n

The countries selected cover 71% of the African continent’s GDP, and about half of its population, said Nielsen.<\/p>\n

The aim of the index is to investigate and understand each country’s relative potential, as well as the source of that potential.<\/p>\n

Moving forward, Nielsen said that more “less-apparent countries” are likely to climb the index, as they offer easier trading conditions in blossoming economies.<\/p>\n

This was evident when Cote D’Ivoire placed second on the index, behind Nigeria.<\/p>\n

African prospects 2015<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nCountry<\/th>\nMacro Rank<\/th>\nBusiness Rank<\/th>\nConsumer Rank<\/th>\nRetail Rank<\/th>\n<\/tr>\n
1<\/td>\nNigeria<\/td>\n2<\/td>\n6<\/td>\n1<\/td>\n5<\/td>\n<\/tr>\n
2<\/td>\nCote D’Ivoire<\/td>\n1<\/td>\n2<\/td>\n8<\/td>\n1<\/td>\n<\/tr>\n
3<\/td>\nKenya<\/td>\n5<\/td>\n1<\/td>\n5<\/td>\n7<\/td>\n<\/tr>\n
4<\/td>\nTanzania<\/td>\n3<\/td>\n7<\/td>\n7<\/td>\n6<\/td>\n<\/tr>\n
5<\/td>\nZambia<\/td>\n7<\/td>\n3<\/td>\n2<\/td>\n4<\/td>\n<\/tr>\n
6<\/td>\nCameroon<\/td>\n6<\/td>\n9<\/td>\n4<\/td>\n3<\/td>\n<\/tr>\n
7<\/td>\nUganda<\/td>\n9<\/td>\n4<\/td>\n3<\/td>\n2<\/td>\n<\/tr>\n
8<\/td>\nGhana<\/td>\n4<\/td>\n5<\/td>\n9<\/td>\n9<\/td>\n<\/tr>\n
9<\/td>\nSouth Africa<\/td>\n8<\/td>\n8<\/td>\n6<\/td>\n8<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Both Nigeria and Cote D’Ivoire are expected to show sizable economic growth in the mid to long-term, as is much of the rest of Africa. South Africa bucks the trend, with a slowing economy showing marginal growth.<\/p>\n

In the second quarter of 2015, Stats SA reported that South Africa\u2019s economy contracted by 1.3%, with unadjusted real GDP at market prices increasing by only 1.2% year-on-year.<\/p>\n

The estimate of real GDP for the first six months of 2015 increased by 1.6% compared with the corresponding period in 2014.<\/p>\n

While South Africa did not rank last in any category covered by the index, its scores were consistently low across all rankings – placing it in last place overall.<\/p>\n

Despite its low ranking, South Africa cannot be dismissed, Nielsen said, as the country remains the continent’s most mature market – with a large consumer base that is coping relatively well with muted growth.<\/p>\n

More on SA’s economy<\/h3>\n

SA GDP contracts 1.3%<\/a><\/strong><\/p>\n

This map shows which US state has the same GDP as South Africa<\/a><\/strong><\/p>\n

Government makes a negative contribution to SA GDP<\/a><\/strong><\/p>\n

How South Africa can grow its GDP<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Nielsen has released its African Prospect Index, ranking South Africa as the worst out of selected countries on a number of economic prospects.<\/p>\n","protected":false},"author":10,"featured_media":95131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,4356],"class_list":["post-98631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-nielsen"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98631","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=98631"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98631\/revisions"}],"predecessor-version":[{"id":98639,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98631\/revisions\/98639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/95131"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=98631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=98631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=98631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}