• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

SA maths teaching among world's worst

Nov 01 2012 11:15
Sapa

Johannesburg - The quality of South Africa's maths and science education has been ranked last in a survey of 62 countries by the World Economic Forum.

The report ranked South Africa 54th when it came to gross tertiary enrolment - behind India, but ahead of Morocco, Ghana, Bangladesh, Nigeria, Pakistan, Kenya, and Tanzania.

The country placed 28th overall, and was the top-ranked sub-Saharan African country.

The forum's annual financial development report, which links human capital to economic development, was released on Monday. Together with taxes, infrastructure, and the costs of doing business, human capital contributes to a supportive business environment.

South Africa's non-banking financial services, such as mergers and acquisitions, initial public offerings (IPO), insurance and securitisation, were ranked 22nd, and financial stability 17th - a "slight improvement".

"These changes were driven by greater currency stabilisation (28th) and more robust IPO (26th) and securitisation activity (44th)," according to the report.

South Africa's business environment (42nd) was the country's weakest area.

Despite an efficient tax regime (16th), there was a "very weak" human capital pool (52nd) and underdeveloped infrastructure (51st).

However, there was a comparatively strong institutional environment (25th), resulting from good corporate governance mechanisms (11th) and an ability to effectively enforce contracts (19th).

In terms of financial access (36th), South Africa offered varied results, according to the report.

"On the one hand, commercial access scores (16th) are solid and improving, while retail access (41st) is relatively weak and declining."

 
sa economy

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
104 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...