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

Nature’s guide to business

2014-09-16 10:58

 
 
 

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

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

New GIF keyboard on iOS for added fun!

Soon sending an LOL! or facepalm will be so much more fun!

 
 

For chic geeks...

Puppy goes crazy over iPad game
Printable solar panels will bring exciting new opportunities!
Now there’s a special lane for texting while walking
LOL! 7 brutally honest texts from parents

Money Clinic

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