Crime in South Africa is Businesses Biggest Constraint, World Bank Says

Crime in South Africa is rated as the biggest constraint to companies operating in the country, followed by electricity supply and corruption, the World Bank said.

Crime costs businesses on average 3.2 percent of sales, the World Bank said in its Investment Climate report, published by South Africa’s Trade Ministry today. Unit labor costs in South Africa is higher than in peer countries, such as Brazil and Thailand, undermining manufacturing exports, the report said.

The economy is characterized by “excessive concentration” and a more “activist” competition policy is needed, the World Bank said.

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