Johannesburg - London is still the top global city in which to do business, with Johannesburg ranked 24 out of 30 cities, according to global auditing firm PwC.
PwC’s biennial “Cities of Opportunity” report measures 30 leading cities performance against 10 indicators, including transportation and infrastructure, ease of doing business, demographics and livability, technology readiness and cost.
London claims pole position for the second time in a row, with Singapore second, Toronto third and with Paris and Amsterdam completing the top five.
Overall, European cities take four of the top 10 places.
Hazem Galal, the PwC cities and local government sector global leader, said: “The consistent performance of cities like London, Paris, Singapore and New York within the top 10 shows that it is not only economic prosperity that drives success. Good quality of life in the city plays a fundamental role in their ability to attract and retain the globally mobile talent they need.”
However, Johannesburg topped all cities in terms of competitiveness on cost, and 19th position for ease of business. But it was not in the overall top 10 cities.
“An analysis of corporate tax rates, personal tax rates, as well as cost of business occupancy and purchasing power shows that Johannesburg holds steady and continues to perform well for its business efficiency,” said Kalane Rampai, the PwC leader for local government for Southern Africa.
Johannesburg occupied the second-lowest position (29th) for technology readiness; the fourth lowest (27th) for transportation and infrastructure, and demographics and livability (27th).
BUSINESS REPORT