South Africa: Economic Freedom, Small Business and Paying Your Damn Invoices On Time

analysis

South Africa continued its downward trajectory in the Fraser Institute rankings, coming in at 101st for 2017, the latest data point, down from 2016 when SA was ranked 99th. Way back in the heady days of 2003 we peaked at 45th, which means we've dropped 56 places over the past 14 years. How does SA fix this?

Last week, the Canadian Fraser Institute released its yearly reminder that "liberty leads to well-being".

The Economic Freedom of the World Report looks at some 40 data points grouped roughly into five broad categories which allow the researchers to rank the 162 countries they follow. The categories are: the size of government, legal system and property rights, sound money, freedom to trade internationally, and that old bug-bear, regulation.

Unsurprisingly, South Africa continued its downward trajectory, coming in at 101st for 2017 (the latest year for which data was available). The previous year we ranked 99th. Way back in the heady days of 2003 we peaked at 45th, which means we've dropped 56 places over the past 14 years, making us less and less economically free. This matters, because the study concludes that nations which are economically free outperform non-free nations in essentially every...

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