Economic freedom in South Africa continues to decline - Freight News

22 March 2022 - The 2022 Index of Economic Freedom, released by the Heritage Foundation, has found a worldwide decline in economic freedom – with the largest decline in average scores ever measured.

Chris Hattingh

The 2022 Index of Economic Freedom, released by the Heritage Foundation, has found a worldwide decline in economic freedom – with the largest decline in average scores ever measured.

The Index uses a scale from 0 to 100 and 12 categories to rank 177 countries.

Singapore claimed the top spot on the 2022 Index. The highest ranked African nation is Mauritius, at 30th. South Africa came in at 112th, has an overall score of 56.2, is ranked 17th among 47 countries in the sub-Saharan region and, although its overall score is above the regional average, it’s below the world average.

Chris Hattingh is deputy head of campaigns at the IRR

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