Jonathan Oppenheimer, son of Nicky Oppenheimer and a member of the family that turned Anglo American Plc and De Beers into global mining giants, is urging the South African government to step back and allow entrepreneurs to build companies without suffocating administrative hurdles.
Small business risk in a stalled economy
Small and medium-sized companies make up 91 percent of formal businesses in South Africa and contribute more than a third of gross domestic product. But the country has barely grown in the past decade, while running costs, licensing fees and the price of compliance have risen.