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.
One of the key structural reforms SA desperately needs is far greater access to spectrum. Economic growth is being choked by a lack of data bandwidth at reasonable prices.
By Busi Mavuso
I was disappointed by the announcement by UK authorities on Friday that SA would remain on its “red list” of countries. This decision is bad for the two countries’ economic ties.
We believe it’s time to consider an introduction of vaccine passports because we need to keep as much of the economy as open as possible.
Last week, we got bits of economic data reflecting the effects of the July unrest. The RMB Business Confidence Index slumped back into negative territory (below 50 points) in Q3, falling seven points to 43.
We need to review labour regulations that have protected the rights of employees but have also made it more expensive and harder for small businesses to hire new workers.
The green paper on a new social security reform programme would be debilitating on workers as they would have to contribute between 8% and 12% of their earnings.
Our only escape from the unemployment crisis and underperforming economy is through reform.
Business confidence is essential, especially for the infrastructure plans that look to unlock 800,000 job opportunities in the medium term.
Schedule 2 of the Electricity Regulation Act has the potential to spur major new investment in electricity generation and make a major contribution to stabilising electricity supply.
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