#BusinessBelieves #SupportingSmallBusinesses #EmpoweringBlackLeadership #InvestingInSouthAfrica
By Busi Mavuso
The Draft Companies Amendment Bill approved by cabinet last month, adds significant administrative burdens on companies while diminishing SA’s attractiveness as a place to do business.
BLSA CEO Busi Mavuso says that although some degree of red tape imposed on businesses is necessary to protect consumers and ensure orderly commercial activity – but SA can do better.
The decision by the UK to remove SA from its red list of countries was late but welcome. The change will now also allow more normal business travel to resume with one of our biggest trading partners.
CEOs of the world’s largest companies are increasingly optimistic about the outlook for their businesses, KPMG South Africa’s 2021 CEO Outlook survey found.
By Busi Mavuso
“We have got to make it really easy to do business.” With that underlying message, Minister Godongwana hit all the right notes in his address to the Sunday Times Investment Summit last week.
A big take away from last week’s meeting between business representatives and President Cyril Ramaphosa was that fixing the workings of the economy must be a joint endeavour.
By Busi mavuso
The news of the surplus is positive and more importantly, it helps regain some credibility in markets for a Treasury that has taken a knock in recent years.
Inflationary pressures, if sustained, suggest that we should focus on fiscal and policy reform to ensure that our economic rebound from last year’s catastrophic collapse continues.
COP26 is a chance for President Cyril Ramaphosa to put SA back on the global map as a green investment destination and is also a chance to kickstart his much-vaunted infrastructure plans.
Businesses must now worry about the prospect of a major cut in bandwidth for those who connect through cell-phone networks, with ICASA pressing ahead to terminate access to emergency spectrum at end-November.
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