BizNews editor Stuart Lowman provides a
nice summary of the issue - The problem with any form of regulation is
that it can often form the basis of a deterrent. One is not arguing that
it needs to be put in place, but any form of it needs to be well thought
out, with both sides arguments taken into account and put into practice. And
then all an investor requires is stability as the ever changing landscape is
not attractive. The Democratic Alliance’s Toby Chance takes a look at the
current business landscape in South Africa. He says, “A new balance needs to be
struck. Business’s willingness and capacity to invest, grow and create jobs has
been taken too much for granted by policy and lawmakers.” And as ever, he calls
on the urgent need for reform, and offers some advice.
Regulations and red tape might not be the sexiest things to tackle, but they are strangling the life out of business like a boa constrictor suffocates its prey. Most of our lawmakers do not have a background in or understand business - the only source of wealth creation from which most taxes are paid.
My colleague Henro Kruger has been working extremely hard for the past year on a piece of legislation which, if enacted, will have a dramatic effect on the law-making process, making it much more business friendly. Watch this space!!!!
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