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Why is business performance lagging in Africa? This book focuses on the day-to-day problems that private sector managers and entrepreneurs there encounter. It identifies several solutions to address both the infrastructure and political economy constraints hampering business growth in Africa.

Most aspects of South Africa's investment climate the location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and grow are favorable. The majority of large, registered firms believe that the legal system is able to protect their property rights. Infrastructure is reliable. Tax rates are relatively low. The burden of regulation is comparable to other middle-income countrries. Few firms pay bribes. And most firms have adequate access to credit. In many dimensions, South Africa has a good investment climate. Consistent with this, large...