The South African economy has registered tremendous progress over the past two decades, boosting living standards and lifting millions out of poverty nationwide.
Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa. In 2014, the eight countries covered by the report - Cameroon, Côte d’Ivoire, Mauritius, Morocco, Rwanda, Senegal, South Africa and Tunisia - reported tax revenues as a percentage of GDP ranging from 16.1% to 31.3%.
Price levels for private hospital services in South Africa are comparable to the levels observed across OECD countries. But they are higher than what could be expected given the country’s income, according to a new OECD working paper.
South Africa has made impressive social progress over the past two decades, lifting millions of people out of poverty and broadening access to essential services like water, electricity and sanitation.
Ministers expressed full support for the OECD’s global relations strategy, as an essential element to increase its impact and relevance. This strategy has been the centrepiece of Secretary-General Angel Gurría’s vision to transform the Organisation into a more inclusive, global policy network and a prime forum for evidence-based policy exchange and global standard setting.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.
South Africa must take urgent steps to proactively investigate and prosecute foreign bribery. No foreign bribery cases have been prosecuted since South Africa joined the Convention in 2007. The 4 on-going investigations – out of only 10 allegations that have surfaced to date – are also far from reaching the prosecution stage, according to a new report by the OECD Working Group on Bribery.
OECD Secretary-General, Angel Gurría, said that it was with a heavy heart and a debt of gratitude that the world was bidding farewell to Nelson Mandela.
In the two decades since apartheid ended, South Africa has made impressive strides to catch up with – and in some cases surpass -- the developed world’s environmental standards.