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    JOHANNESBURG http://www.cheapvapormaxflyknitshoes.com/ , March 5 (Xinhua) -- Rising crime, skill shortage and poor service delivery hamper South Africa's economic growth and social stability, international audit and advisory firm Grant Thornton said on Tuesday.


    Among these factors, crime is "heavily" affecting South Africa's economic growth cheap nike vapormax flyknit kids , Grant Thornton said in its International Business Report (IBR) released in Johannesburg.


    According to the group's IBR quarterly tracker survey, 66 percent of South African business executives said that they, their staff and immediate family members were affected by personal security threat in 2013.


    Andrew Hannington, chief executive officer of the group cheap nike vapormax flyknit mens , said the figure is 14 percent higher than the number recorded in December 2012 and it is a shocking 20 percent higher than the figure in the fourth quarter of 2011.


    "Poverty is the core cause of criminal activity -- South Africa's struggling economy, weak currency and striking unions no doubt directly result in the climbing figure," he said.


    "Crime is totally unacceptable and more focus needs to be given to this scourge now, ensuring that crime will not continue to impact our daily lives cheap nike vapormax flyknit womens ," Hannington said.


    Contrary to popular perceptions, the richest Gauteng Province is not the worst-affected region among South Africa's nine provinces, the survey showed.


    KwaZulu-Natal province tops the table as businesses in the province are most impacted by crime, at 68 percent cheap nike vapormax flyknit 2.0 , followed closely by Gauteng at 64 percent, then the Western Cape at 63 percent, and the Eastern Cape at 58 percent.


    Hannington said the greatest impact crime has on businesses is the increased cost of security, with 76 percent of South African businesses facing a financial burden.


    The IBR also highlights regional and national perceptions of privately held businesses regarding crime cheap nike vapormax flyknit sale , service delivery and political climate for 600 South African business owners annually.


    It indicates that over-regulation and red tape, and the lack of skilled workforce have once again topped the charts as the two biggest constraints to business growth in the country.


    Some 38 percent of South African business executives state over-regulation and red tape as a major cause for limited growth while 36 percent of business owners state that the lack of skills is constraining their expansion.


    "The IBR research reveals that South Africa statistics are on a par with the global data relating to a lack of skills and over-regulated business environment," Hannington said.


    A growing concern for local business leaders is failing government services, with 59 percent of privately held business owners stating that their organizations have been negatively affected by poor service delivery.


    "Sadly this year -- an election year -- brings with it a lot of problems that need serious attention. I hope that the winning party will be seriously committed to solving these concerns in the years ahead cheap nike vapormax flyknit shoes , so that service delivery matters get back on track for individuals and businesses," Hannington added.


    According to the report, South Africa's optimism for business prospects improved quarter-on-quarter from its lowest level ever, at 18 percent for the third quarter of 2013 to 40 percent for the fourth quarter of last year.

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