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Af ca Co sof h F 2009/10

AWARDS

J U D

G I N G P A N E L South AfricA hAS been crowned the top AfricAn

country of the future in fD MAgAzine’S 2009/10coMpetition for the third tiMe, with egypt AndMorocco rAnking Second And third, reSpectively. JACqueline HegArty reportS on the leAdingperforMerS in the AfricAn region

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S outh Africa has once again beaten its neighbouringcountries to assume the position of the top AfricanCountry of the Future 2009/10. Ranking top in the

categories of economic potential, infrastructure and busi-ness friendliness has helped South Africa to maintain theleadingpositionoverall.

Our results show that South Africa is regarded as oneof theeasiest places todo business in Africa as well ashav-ing one of the lowest costs of dealing with constructionpermits. In recent years, South Africa has attracted anincreasing number of FDI projects, with figures risingfrom 60 FDIprojects in 2003 to114 projects in 2008.

Egypt closely followed South Africa, ranking highlyin various categories, including the top positionin human resources. Egypt had one of the highest enrol-ments in tertiary programmes as well as the highestnumber of International Baccalaureate schools com-pared with other African countries.

In the competition, which involved data collectionfrom 59 countries, Morocco ranked consistently highlyacross most categories and ranked third overall, withour judging panel placing the country third in terms of investment promotion. In the same category, the judges were impressed with both Mauritius and Rwanda’sresponses and as a result the countries were ranked firstand second, respectively.

Rwanda, Ghana and Malawi came out as the top des-tinationcountries for foreigninvestors in Africa in termsof cost effectiveness. These top three countries had costadvantages with regard to registering a property, officeand industrial costs, as well as having low minimum wages.

The Seychelles climbed one position to rank top inthe category of quality of life. Compared with other African regions, the Seychelles had the largest numberof tourists to the area, attracting 1.85 foreign visitorspercapita.

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eConoMiC PotentiAl• Population• Population growthrate• Unemploymentrate• Gross domestic product (GDP) growth

(annual %) average (2005/08)• GDP purchasing power parity

(per capita)• Labour force, total• FDI (outward)• FDI (inward)• Number of mega projects

HuMAn reSourCeS• Literacy rate• Number of universities• Total number of students in tertiary

ca o• Gross enrolment rate, tertiary

(% of18-23 year olds)• Number of International

baccala r a schools• Schoollife expectancy

CoSt eFFeCtiveneSS• Registering property –

cost (% of property value)• Cost of dealingwith construction

permits(% of income per capita)• Total tax rate(% ofprofit)• Office costs

• Industrial costs• Minimum monthly wage• Cost of a one-minute telephonecall

from h uS

quAlityoF liFe• Life expectancy• Hospital beds (per 1000 people)• Death rate, crude (per 1000 people)• Health expenditure,total (% of GDP)• Households with television (%)• Foreign tourist visitors (per year)• Foreign tourist visitors (per capita)• Prison population rate

inFrAStruCture• Internet users (per capita)• Telephone mainlines (per 100people)

• Mobile telephonesubscribers(percapita)• Number of airports• Numberof international destinations

served• Number ofports• Sizeof largest port• Type of largest port

JUDGING CRItERIA N e In April 2008, the Financial Times Ltd acquired fDi

Markets and fDi Benchmark. fDi Markets is an independ-ent database which tracks global FDI on a real-time basis whereas fDi Benchmark is an independent database which benchmarks global locations on how appealingthey are to foreign investors. This division compiled themajority of the data for the Countries of the Future com-petition, with the exception of the FDI promotion strat-egy which was submitted by individual countries andassessed by the judging panel. These changes have madethe competition even more objective.

me d l g fDi Countries of the Future shortlistsare created byin inde-pendent collection of data by fDi Benchmark across 59 African countries. This information was set under six cate-gories: economicpotential,humanresources,costeffective-ness,qualityof life, infrastructureand businessfriendliness. A seventh category was added to the scoring – FDI promo-tion strategy. In this category, 18 African countries submit-ted details about their promotion strategy and this was judgedand scored by our independent judgingpanel.

Countries scored up to a maximum of 10 points undereachindividual criteriawhich were weighted byimportanceto give the overall scores. ■

AFRICAN CoUNtRIES oF thEFUtURE 2009/10RANK CoUNtRy 1 S h Af ca2 egyp3 Morocco4 Ma r s5 Nigeria

6 Alg r a7 t s a8 Ghana9 S ych ll s10 nam aSo rc : fd i ll g c

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regionSmIDDLE EASt & AFRICA

70 A s /S p mb 2009

hUmAN RESoURCESRANK CoUNtRy

1 e p2 n a3 Libya4 S h Af ca5 Algeria6 t s a7 k ya8 Mauritius9 M cc10 u a aS c : fd i c

FDI StRAtEGy RANK CoUNtRy

1 Ma s2 Rwanda3 Morocco4 S h Af ca

5 Egypt6 nam b a7 gha a8 Uganda9 n a10 MaS c : fd i c

INFRAStRUCtURERANK CoUNtRy

1 S h Af ca2 e yp3 Algeria4 M cc5 Réunion (overseas

department of France)6 S ych s7 l bya8 Mauritius9 k ya10 gab

S c : fd i c

BUSINESS FRIENDLINESSRANK CoUNtRy

1 S h Af ca2 e yp3 Réunion (overseas

department of France)4 n a5 Morocco6 nam b a7 Ma s8 Zambia9 gha a10 Botswana

S c : fd i c

ECoNomIC PotENtIALRANK CoUNtRy

1 S h Af ca2 e yp3 Nigeria4 M cc5 Algeria6 eq a a g a7 e h p a8 Angola9 Tanzania10 l byaS c : fd i c

QUALIty oF LIFERANK CoUNtRy

1 S ch s2 e yp3 Tunisia4 Ma s5 Morocco6 A a7 São Tomé & Príncipe8 Cape Verde9 l bya10 S h Af caS c : fd i c

CoSt EFFECtIvENESSRANK CoUNtRy

1 rwa da2 gha a3 Malawi4 Botswana5 Zambia6 k ya7 u a a8 Swaziland9 l s h10 Ma s

S c : fd i c

BuSineSSFrienDlineSS• Number ofjobscreated byFDI• Number ofdaystaken tostart a

b s ss• Hiring costs• Firing costs• Ease ofdoing businessindex (1=

most business-friendlyregulations)• Number of companies withinthe

h h- ch ma fac s c(2008)

• Number of companies withinthehigh-tech services sector (2008)

• Number of companies withintheknowledge-based sector (2008)

• Number of companies withintheh h- ch ma fac s c(2005/08)

• Number of companies withinthehigh-tech services sector (since2005/08)

• Number of companies withintheknowledge-based sector (2005/08)

• Growth of high-tech manufacturingfirms (from 2005/08)

• Growthof high-techservices firms(from 2005/08)

• Growthof knowledge-based firms(from 2005/08)

• Numberof foreign-owned companies

FDi ProMotion StrAtegy• Number of staff dedicated to

promoting and facilitating inwardinvestment• Keyinitiatives thecountry is

mp m a ac minvestment

• Informationon high-growth sectors/sub-sectors in thecountry whichofferexcellent potential for inwardinvestment

• Incentives which areavailable toinwardinvestors

• Major infrastructure andurbanplanning projects

n : i f ma c c byfDBenchmark except forfinal judging criteria– thisinformation wasprovided by thecities andassessed by thejudging panel.

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SPotLIGht oN mPUmALANGA

MultifacetedMpuMalanga

th P c f Mp mala ga, s a d h h- as fla k f S h

Af ca,b d sa mb f h p -c s a d has a c mm b d w h

h d p d r p b l c f M zamb q a d Swaz la d.th prov h s:

• A populationof 3.7 million people.• Anarea of83,059 square kilometres.• A gross geographic product (GGP) of

$20.25bn (2008).

eConoMiC DiverSityThe economic structure of the Province isdiverse, including:• Themanufacturingsector, accountingfor

19.3%of theGGP.

• The mining sector, accounting for 25.2%of theGGP.

• The agricultural sector, accounting for4.4%of theGGP.

• The tourism sector, accounting for8% of theGGP.

As a result of the diverse economy andthe presence of major resource companies,there exists a wide variety of investmentopportunities in Mpumalanga Province.

The diverse economy is supported byworld-class infrastructure.

inFrAStruCtureThe Maputo Corridor, a four-lane highway,serves as a spine, running across the prov-

ince and linking it to the Mozambique PortofMaputo,providinga widevarietyof invest-ment opportunities.

A railway network, running parallel tothe swift roadtransport facility, alsolinks theindustrial heartland of the Province to theMozambican harbour ofMaputo. Inaddition,Kruger Mpumalanga International Airport,some22kilometresnorthofNelspruit,cameintooperation duringNovember 2002.

MEGA is the first point of contact for allMpumalanga investmentenquiries.

C ac d a ls:Headoffice – Mpumalanga EconomicGrowthAgency,33 Van RensburgStreet,Nelspruit,1200,SouthAfrica,POBox5838,Nelspruit, 1200.Tel:+2713752 2440Fax:+27137551756.

Regionaloffice – Mpumalanga EconomicGrowthAgency,33 Scott Street,Waverley,2090,SouthAfrica, POBox 285, Johannesburg,2006, Tel:+2711 4405757Fax:+27114405745.

E-mail: trade-investment@mega.gov.za;website:www.mega.gov.za.Sponsored by

A diverse economy makes South Africa’s Mpumalanga Provincean investors’ paradise and a resource hub

0 2 4 6 8 10

MAURITIUS

SOUTH AFRICA

NAMIBIA

BOTSWANA

KENYA

0 2 4 6 8 10

RÉUNIONSOUTHAFRICA EGYPT

TUNISIA ALGERIA

0 2 4 6 8 10

EGYPT

NIGERIA

ALGERIA

SOUTH AFRICA

MOROCCO

0 2 4 6 8 10

RWANDA

EGYPT

GHANA

SUDAN

MALAWI

0 2 4 6 8 10

ZIMBABWE

SAINT HELENA

MALAWI

KENYA

MAGAGASCAR

EASE oF DoINGBUSINESS

ComPANIES WIthINKNoWLEDGE -BASEDSECtoR 2005/08

ENRoLmENtIN tERtIARy PRoGRAmmES

REGIStERINGPRoPERty -CoSt (% oF PRoPERty vALUE)

oFFICE CoStS

regionSmIDDLE EASt & AFRICA

S u c : fd i t ll c S u c : fd i t ll c

S u c : fd i t ll c S u c : fd i t ll c

S u c : fd i t ll c