Ramaphosa who was speaking during a televised interview at CNBC Africa where he hinted on different issues concerning his country’s economy and foreign policy, emphasized South Africa pulls a lot of lessons from Rwanda’s achievements through his country’s economy surpasses Rwanda’s economy.
“We are learning quite a lot from Rwanda. Rwanda has achieved tremendous achievements. I have had a number of people from our local Government sector going to Rwanda just to go and see how Kigali manages to be the cleanest city on the whole continent and I say emulate them,” he said.
“Be like them and even beat them, be better than Kigali. In terms of their business savviness, their regulatory framework and their more-open economy, we have a lot to learn from them. For instance, when they say they have one stop shop, they mean it in real effect. When you get to Rwanda, you open business the same day and you have all your payments in a few hours, get your company registered and takes certificate,” added Ramaphosa.
He further explained that South Africa is learning from others which he believes is the beauty of being united as part of the African Union ‘that we can learn from one another, exchange good lessons and emulate what they are doing best and if they are doing wrong things we can learn from that and say we are not doing that’.
Rwanda remained the second easiest place to do business in Africa and is now 38th globally, according to the 2020 World Bank Doing Business report released towards the end of last month.
The World Bank assessed 190 countries using 10 indicators in business regulations.
These include starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
Rwanda ranked second in Africa after Mauritius and maintained the first position in the East African Community. Rwanda is also the only low-income country in the top 50.
The 2020 report also saw Rwanda’s global ranking drop 9-positions to 38th from 29th last year, mainly caused by the World Bank’s sudden change in methodology.