The U.S. maintains its first place position from last year, followed by China and Canada.
The A.T. Kearney is a global management consulting firm with 59 offices in major business centres in 40 countries.
South Africa’s Phumla Williams, the acting CEO of the Government Communication and Information System (GCIS), said “the report which cites South Africa as the only country in Africa on the list of top 25 countries demonstrates that our country’s blueprint on development is yielding results.
“More foreign companies are finding South Africa as an investment destination of choice.
“Our tax relief incentives, announced in 2011, have also contributed to attracting foreign direct investment’’.
The CEO said South Africa’s commitment to Renewable Energy Independent Power Provider Programme had been identified as one of the key drivers of its improved rating on the Index.
The programme, he added, was aimed at increasing the supply of electricity through renewable energy and to address socioeconomic and environmentally sustainable growth.
“South Africans are encouraged to embrace foreign direct investment and join hands with government in its initiatives to achieve the country’s economic vision.
“This advancement proves that South Africa is indeed a better place to live in now,’’ Williams added. (Xinhua/NAN)