IMD World Talent Report 2023

Talent Ranking 2023

SOUTH AFRICA

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

37

Overall

61

40

Investment & Development

59

50 48

52

61

Appeal

56

60 59 57 56

61 59 56

57

63 60 62 59

56

Readiness

Investment & Development Total public expenditure on education

Value

2023 Rank

8.3 %

2

u

Percentage of GDP

1,873 US$ 30.30 ratio 27.15 ratio

Total public exp. on education per student Spending per enrolled pupil/student, all levels Pupil-teacher ratio (primary education) Ratio of students to teaching staff Pupil-teacher ratio (secondary education) Ratio of students to teaching staff are sufficiently implemented

50 62 63 63 54 35 61

w w w

3.14 Survey [0..10] 5.06 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

meets the needs of society Percentage of total labor force is a high priority in companies

45.66 %

u

2.76 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

53.32 index

5

u

Index of a basket of goods & services in the main city

6.30 Survey [0..10] 4.25 Survey [0..10] 2.86 Survey [0..10] 3.77 Survey [0..10] 3.90 Survey [0..10]

Attracting and retaining talents

49 61 56 61 53 57 46 49 51 39 56 57 58 50 62 56 58 52 50 52 4

is a priority in companies

Worker motivation

w

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

is high

Foreign highly skilled personnel Remuneration of management Collected personal income tax

are attracted to your country's business environment Total base salary plus bonuses and long-term incentives, US$ On profits, income and capital gains, as a percentage of GDP

43,111 US$

8.95 %

4.13 Survey [0..10] 23.34 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

Mean population exposure to PM2.5, Micrograms per cubic metre

248.12 US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

5.44 %

u

Percentage change is readily available are readily available

3.65 Survey [0..10] 4.96 Survey [0..10] 4.54 Survey [0..10] 4.51 Survey [0..10] 2.89 Survey [0..10] 4.68 Survey [0..10] 5.49 Survey [0..10] 5.22 Survey [0..10]

Skilled labor Finance skills

International experience

of senior managers is generally significant

Competent senior managers Primary and secondary education

are readily available

w

meets the needs of a competitive economy

17.41 %

University education Management education Graduates in Sciences

% of graduates in ICT, Engineering, Math & Natural Sciences

Foreign tertiary-level students per 1000 inhabitants meets the needs of a competitive economy meets the needs of the business community are meeting the needs of enterprises

Language skills

0.60 number

Student mobility inbound

- Average

Educational assessment - PISA

-

PISA survey of 15-year olds

93