• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
All data is delayed
Loading...
See More

ANC is 'anti-small business'

Aug 14 2012 08:50 Sapa

Related Articles

DA to make path easy for entrepreneurs

Zille's plan to boost SA growth

Standard targets Africa’s SME sector

SMME financing bodies to merge

Sacci: Gordhan's budget must help SMEs

Most small Soweto businesses fail

 

Cape Town - Democratic Alliance Parliamentary leader Lindiwe Mazibuko believes the ANC has cultivated an "anti-small business" environment in favour of politically-connected big businesses, the Cape Argus reported on Tuesday.

"The African National Congress has created a class of tenderpreneurs - people who work purely to get big state contracts based on their connections in government," Mazibuko told reporters on Monday.

She said this statement was backed up by South Africa's ranking by the World Economic Forum. The country was 112th in terms of the "burden of government regulation", and 114th in terms of "favouritism in decisions of government officials".

The country's failure to grow the economy and create jobs was, in part, a failure to cultivate a nation of entrepreneurs.

According to the newspaper, Mazibulo said red-tape and bureaucracy were crushing the entrepreneurial spirit of South Africans.

She said it took 19 days and five procedures to start a local business in South Africa, whereas it took only one procedure and a day in New Zealand.

 
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
42 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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