Wednesday, October 29, 2014

World Bank Report: SA drops six places

Oscar Thomas
29 October 2014

The Democratic Alliance has raised its concern regarding the country’s economy which it deems is going in the wrong direction. 

This is after the World Bank’s Doing Business report for 2015 revealed that South Africa’s economy dropped six places overall in the world ranking from 37th to 43rd. 

DA MP of Trade and Industry Geordin Hill-Lewis said The DA’s top priority is job creation.

Hill-Lewis said we know that by making it easier to run a small business, by improving trade with Africa, and by positioning ourselves to attract more investment, we can get South Africa’s economy growing again.

Hill-Lewis said this will require creating an economic environment in which businesses can grow, not one in which it is becoming more and more difficult to do business.

“While the ANC’s rhetoric about its “good story” continues, the proof is in the pudding its policies and its leadership are the biggest hindrance to job creation and economic growth Hill-Lewis added.

 

 

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