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» 23.04.2010 - Microsoft play ‘big brother’ in SA
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» 03.03.2010 - More black-outs for SA after World Cup
» 02.03.2010 - SAB strategises for World Cup gains

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South Africa | Africa
Economy - Development | Environment - Nature

SA tops African fishing

afrol News, 12 November - A survey conducted by the World Bank has placed South Africa as the leader of sub-Saharan Africa fishing and that it has more capacity to ship goods to the international markets.

Designed and administered by bank’s departments of international trade and transport in cooperation with the Turku School of Economics in Finland, the Logistics Performance Index (LPI) has put Singapore on top. It was followed by the Netherlands.

Ranked 24th on theLPI, South Africa was followed by Guinea [62], Sudan [64], Mauritania [67], Kenya [76] , The Gambia [77], Uganda [88] and Tanzania [137].

Low income landlocked countries in Africa and Asia have found themselves at the bottom of the index.

Mr Danny Leipziger, the World Bank's Vice President for Poverty Reduction and Economic Management, Mr Danny Leipziger, said, "being able to connect to global markets is fast becoming a key aspect of a country's capacity to compete, grow, attract investments, create jobs and reduce poverty."

The bank described the LPI as an interactive benchmarking tips designed to help countries identify the challenges and opportunities they face in their performance on trade logistics. It also allows for comparisons across 150 countries.

The LPI combines in-depth knowledge of the countries with informed perceptions of other countries trade and experience of global logistics environment.

It also measures performance of along the logistics supply chain within a country, including direct freight costs, quality of transport and IT infrastructure and competence in the delivery of input services logistics operators need.

According to World Bank's Trade Director, Mr Uri Dadush, the logistics can make or break a country in today's globalised world.

"You can have very good customs, but poor performance in only one or two areas of the supply chain has serious repercussions in the country's economic performance creating a perception of unreliability,' he said.

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