An Assessment of the Investment Climate in South Africa

The objective of the South Africa Investment Climate Assessment (ICA) is to evaluate the investment climate in South Africa in all its operational dimensions and to promote policies to strengthen the private sector. The investment climate is made up of the many location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and expand. These factors include macroeconomic and regulatory policies, the security of property rights and the rule of law, and the quality of supporting institutions such as physical and financial infrastructure. The main source of information for the ICA is a survey of over 800 formal private enterprises. The survey includes data on firm productivity, the cost of doing business, the regulatory environment, the labor market, the financial sector, the trade regime, and levels of investment. The analysis links business environment constraints to firm-level costs and productivity. Also, the investment climate and performance of firms in South Africa can be compared with those of firms in the more than 70 low- and middle income countries in which Investment Climate Surveys (ICSs) have been conducted.

Bibliographic Details

Main Authors:	Clarke, George R.G., Habyarimana, James, Ingram, Michael, Kaplan, David, Ramachandran, Vijaya
Language:	English en_US
Published:	Washington, DC: World Bank 2007
Subjects:	ABSENTEEISM, ACCESS TO CAPITAL, ACCESS TO CREDIT, ACCESS TO FINANCING, AGRICULTURE, AMOUNT OF CAPITAL, AVERAGE EXCHANGE RATES, AVERAGE PRODUCTIVITY, BANK CREDIT, BANK LOAN, BANK LOANS, BANKS, BARRIERS TO ENTRY, BOOK VALUE, BUSINESS INVESTMENT, CALCULATION, CALCULATIONS, CAPACITY UTILIZATION, CAPITAL EXPENDITURE, CAPITAL INFLOWS, CAPITAL INVESTMENT, CAPITAL STOCK, COLLATERAL, COMMODITY, COMPETITIVE MARKETS, CONSTANT RETURNS TO SCALE, CONSUMER, CONSUMER PRICE INDEX, CONTRIBUTION, CONTRIBUTIONS, CORPORATE INVESTMENT, CORPORATE INVESTMENTS, CORPORATE SAVING, CORPORATE SAVINGS, CORPORATE TAX RATES, COST OF LABOR, COUNTRY COMPARISONS, CURRENCY, CURRENT PRICES, DEBT, DEPRECIATION, DOLLAR PRICES, DOMESTIC MARKETS, DOMESTIC SAVING, DUMMY VARIABLE, DUMMY VARIABLES, EARNINGS, ECONOMETRIC ANALYSIS, ECONOMIC ACTIVITIES, ECONOMIC ACTIVITY, ECONOMIC CONDITIONS, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC EMPOWERMENT, ECONOMIC POLICIES, EMERGING MARKET, ENFORCEMENT OF CONTRACTS, ENTERPRISE OPERATION, ENTERPRISE OPERATIONS, ENTERPRISE PERFORMANCE, EQUIPMENT, EXCHANGE RATE, EXCHANGE RATE INSTABILITY, EXCHANGE RATES, EXPORT GROWTH, EXPORTERS, EXPORTS, FACTOR MARKETS, FINANCIAL CRISIS, FINANCIAL INFRASTRUCTURE, FINANCIAL SECTOR, FINANCIAL SUPPORT, FINANCING OF INVESTMENT, FIRM PERFORMANCE, FIXED CAPITAL, FIXED INVESTMENT, FORECASTS, FOREIGN FIRMS, FOREIGN INFLOWS, FOREIGN OWNERSHIP, FUTURE GROWTH, GLOBAL MARKETS, GLOBALIZATION, GOVERNMENT EXPENDITURES, GOVERNMENT OWNERSHIP, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, GROWTH RATE, HOUSEHOLD EXPENDITURES, HOUSEHOLD INCOME, HUMAN CAPITAL, INCENTIVES TO SAVE, INCOME, INCOME DISTRIBUTION, INCOME STATEMENTS, INCOME TAX, INDIRECT COSTS, INFLATION, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL MARKETS, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTING, INVESTMENT ACTIVITIES, INVESTMENT ACTIVITY, INVESTMENT CLIMATE, INVESTMENT CLIMATE ASSESSMENT, INVESTMENT CLIMATE ASSESSMENTS, INVESTMENT DECISIONS, INVESTMENT FUNDS, INVESTMENT PROJECTS, INVESTMENT RATE, INVESTMENT RATES, INVESTMENT SPENDING, LABOR COSTS, LABOR FORCE, LABOR MARKET, LACK OF COMPETITION, LACK OF CREDIT, LARGE ENTERPRISES, LARGE FIRMS, LIVING STANDARDS, LOAN, LOCAL CURRENCY, LOW INCOME, MACROECONOMIC ENVIRONMENT, MACROECONOMIC INSTABILITY, MACROECONOMIC PERFORMANCE, MACROECONOMIC STABILITY, MACROECONOMIC VARIABLES, MARKET CONCENTRATION, MARKET SIZE, METROPOLITAN AREAS, MICRO ENTERPRISES, MICROENTERPRISES, MONETARY FUND, MONOPOLY, NATIONAL TREASURY, NATURAL RESOURCES, NET PROFIT, NEW ENTRANTS, ORGANIZATIONAL STRUCTURE, ORGANIZED CRIME, OVERDRAFT FACILITIES, OVERDRAFT FACILITY, OVERHEAD COSTS, PER CAPITA INCOME, POLITICAL RISK, POSITIVE COEFFICIENT, POTENTIAL INVESTORS, PRICE INDEX, PRICE TAKERS, PRIMARY EDUCATION, PRIVATE INVESTMENT, PRIVATE SECTOR INVESTMENT, PRODUCTION FUNCTION, PRODUCTION FUNCTIONS, PRODUCTIVE INVESTMENTS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PROFIT RATE, PROFITABILITY, PROPERTY RIGHTS, PROTECTION PAYMENTS, RATE OF INVESTMENT, RATES OF RETURN, REAL ESTATE, REAL EXCHANGE RATE, REAL EXCHANGE RATES, REAL GDP, REAL INTEREST, REAL INTEREST RATES, RECENT LOAN, REGULATORY BURDEN, RENTS, RESERVE, RESERVE BANK, RETAINED EARNINGS, RETURNS, RULE OF LAW, SALARIES, SALARY, SALES, SAVINGS, SECONDARY EDUCATION, SECURITY COSTS, SHARES OF INVESTMENT, SKILLED WORKERS, SMALLER FIRMS, SOURCE OF INFORMATION, STATEMENTS, SUBSIDIARY, SYSTEMIC RISK, TAX RATES, TAXATION, THE SOUTH AFRICAN RESERVE BANK, TOTAL COST, TOTAL COSTS, TOTAL FACTOR PRODUCTIVITY, TRADE BARRIERS, TRADE CREDIT, TRADE REGIME, TRAINING PROGRAM, TRAINING PROGRAMS, TRANSPORT, UNEMPLOYMENT, UNSKILLED WORKER, UNSKILLED WORKERS, VALUABLE, VALUE ADDED, WAGE, WAGE GROWTH, WAGES, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2007/01/8149768/south-africa-assessment-investment-climate https://hdl.handle.net/10986/6738
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