South Africa loses top spot in Africa

• South Africa has lost the top spot in Africa to Mozambique in the Standard Bank's Africa Trade Barometer, and also lost the title of most industrialized economy to Morocco.
• The ranking is based on the 'tradability' of African countries, measuring how easy it is to do business in these jurisdictions, and takes into account factors such as macroeconomic environment, stability, and access to financing.
• South Africa's loss of top spot marks the end of a 15-year dominance, with Morocco's rise and other African countries' increased attractiveness to investors and businesses contributing to the change.