All data is delayed
See More

Merger of agencies welcomed

Feb 11 2011 09:41
I-Net Bridge
Johannesburg - The SA Chamber of Commerce and Industry (Sacci) would have liked to have seen more on how government would create a nurturing environment for business in President Jacob Zuma's state of the nation speech on Thursday.

"We would have liked to see more on the role government will play in creating a nurturing environment for business. We would have liked it to be one of the themes, especially given the current economic circumstances," Sacci CEO Neren Rau said.

"We would have liked to have seen more reduction in red tape, and more on support finance for business... it has been mentioned many times before... but there has been little on implementation and delivery," he said.

"Our members are growing extremely impatient."

Rau welcomed a possible merger of the three agencies Khula, the SA Micro-Finance Apex Fund and the IDC's small business funding into a single unit.

"This could have a very positive impact providing it is underpinned by the objectives of improving efficiency."

Sacci would also have liked to hear more about the work of the two ministries within the presidency, which Rau described as "mysterious".

"We would have liked to have heard more, it would have been helpful to know what they are doing."



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote