South Africa: a rising star

South Africa is a contradictory country. Its economy is the size of Poland's or Thailand's. It has income disparities similar to Brazil's. In population and wage rates, it's Argentina. But it spends three times more of GDP on public education than China and twice as much as the average of all emerging markets.
Infrastructure is first world. Medical care is still innovative and superb, although the best care is in the private sector. Internet cafés abound. The water from the taps is pure and tastes better than the bottled imports.
Corporate South Africa hums like a smooth turbine and operates to get results for shareholders, not the sons and daughters of cronies and tycoons. Labour productivity gains are double those of the US and unit labour costs are steady. The economy is three to four times more internationalized than Argentina's or Brazil's despite embargoes up to 1994.

There's low...

You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.

China’s $1.7 trillion hangover

Euromoney’s 2012 FX survey results

South Africa: a rising star

You must be a trialist or subscriber to view this content

FX survey 2012: Overall results

Euromoney’s 2012 FX survey results

Inside JPMorgan's $2 billion loss-making CIO division

The money network: Why crowdfunding threatens traditional bank lending

Global banks poised for Africa growth

Macaskill on markets: Biting off Moore than can be chewed

The money network: Why crowdfunding threatens traditional bank lending

Grexit wrap – morning edition

In memoriam: Core eurozone sovereign creditworthiness

JPMorgan’s trading loss proves Volcker rule won’t work

Fear of capital controls threatens corporate debt

The perfect time for Germany to bail out Europe

South Africa: a rising star

You must be a trialist or subscriber to view this content

Subscribe online today

Free 48 hour access