Comprehensive regulatory reforms, including a simplified and coherent national licensing and permitting policy, would help to unlock the potential of South Africas small businesses, drive growth and boost employment.
Thats according to analysis by Tidiane Kinda and Nasha Mavee of the International Monetary Fund, who believe that broad-based reforms are essential to improve the business environment.
Our analysis , based on South African firm-level data as well as cross-country data, revealed that not only are South African business leaders spending significant time dealing with government regulations, but this extra burden has been increasing over time and is among the highest relative to comparable economies.
