Mauritius: Africa's most competitive economy
The Indian Ocean island of Mauritius has overtaken SA on the WEF Index.
CAPE TOWN - The World Economic Forum's global competitiveness report shows the Indian Ocean island of Mauritius has overtaken South Africa as the most competitive country in sub-Saharan Africa.
The survey shows South Africa has slipped one place and is now number 53 out of 148 countries ranked in the 2013-14 World Economic Forum (WEF) index.
South Africa also ranked bottom of the list on labour market efficiency. The WEF placed the country at number 148, last place, in labour-employer relations.
Many people know Mauritius as a vacation spot that boasts white sands, clear waters, palm trees and hundreds of hotels.
But the island also boasts one of Africa's most stable political systems and is one of the continent's most transparent business environments.
Mauritius also stands out for its comparatively good infrastructure, low trade barriers and high levels of public education.
Cape Talk 567's Kieno Kammies spoke to Consul-General for Mauritius in Cape Town, Mukhtar Joonas, about the island's economic stability and success.
Joonas said Mauritius is built on and maintains strong foundations.
"When we became independent from the British in 1968 we maintained that strong legal jurisdiction, we built on that and made it even better because we're a republic."
The Consul-General said it's been a long road to success.
He said the Mauritian government built an education filtered from Oxford and Cambridge in England and because of this, doesn't have its own local examination board.
"We don't have a local examination board because we're afraid the standard will go down or there'll be corruption."
He said Mauritius benefits from the fact that the foundation is strong and its international system is great.
Joonas added Mauritius boasts the highest number of chartered accountants in the world.