{"id":13878,"date":"2022-02-10T19:44:03","date_gmt":"2022-02-10T19:44:03","guid":{"rendered":"https:\/\/www.ghanamma.com\/za\/2022\/02\/10\/cutting-red-tape-to-enhance-growth\/"},"modified":"2022-02-10T19:44:03","modified_gmt":"2022-02-10T19:44:03","slug":"cutting-red-tape-to-enhance-growth","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/za\/2022\/02\/10\/cutting-red-tape-to-enhance-growth\/","title":{"rendered":"Cutting red tape to enhance growth"},"content":{"rendered":"<p><\/p>\n<div>\n<div property=\"content:encoded\">\n<p>Work is underway to cut red tape in an effort to enhance the business environment and create much-needed jobs in South Africa.<\/p>\n<p>Delivering the State of the Nation Address (SONA) on Thursday night, President Cyril Ramaphosa said there are too many regulations in the country that are unduly complicated, costly and difficult to comply with.<\/p>\n<p>\u201cWe are therefore working to improve the business environment for companies of all sizes through a dedicated capacity in the Presidency to reduce red tape. If we are to make progress in cutting unnecessary bureaucratic delays for businesses, we need dedicated capacity with the means to make changes.\u201d<\/p>\n<p>He announced the appointment of Sipho Nkosi as head of a team in the Presidency to cut red tape across government.\u00a0Nkosi, who has extensive experience in business, is currently the chairperson of the Small Business Institute.<\/p>\n<p>\u201cThe red tape team will identify priority reforms for the year ahead, including mechanisms to ensure government departments pay suppliers within the required 30 days.<\/p>\n<p>\u201cThe team will also work with other departments and agencies to unblock specific obstacles to investment and business growth. It will support current initiatives to simplify processes relating to property registration, cross-border trade and construction permits,\u201d said the President who delivered the SONA to a joint sitting of the National Assembly and National Council of Provinces.<\/p>\n<p>The President also announced the review of the Business Act, alongside a broader review of legislation that affects SMMEs \u2013 to reduce the regulatory burden on informal businesses.<\/p>\n<p>\u201cThere are too many regulations in this country that are unduly complicated, costly and difficult to comply with. This prevents companies from growing and creating jobs,\u201d he said. \u2013 <strong>SAnews.gov.za<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Work is underway to cut red tape in an effort to enhance the business environment and create much-needed jobs in South Africa. Delivering the State of the Nation Address (SONA) on Thursday night, President Cyril Ramaphosa said there are too many regulations in the country that are unduly complicated, costly and difficult to comply with. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[606,608,609,112,607],"class_list":["post-13878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-cutting","tag-growth","tag-red","tag-tape"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cutting red tape to enhance growth - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/za\/2022\/02\/10\/cutting-red-tape-to-enhance-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cutting red tape to enhance growth - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Work is underway to cut red tape in an effort to enhance the business environment and create much-needed jobs in South Africa. Delivering the State of the Nation Address (SONA) on Thursday night, President Cyril Ramaphosa said there are too many regulations in the country that are unduly complicated, costly and difficult to comply with. 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