The Red Tape Reduction initiative led by Mr Sipho Nkosi is working on reducing red tape that impacts investment and business, including small, medium and micro enterprises. In order to be effective, the initiative is focused on working on a limited number of obstacles, and has identified ten priority areas for intervention. This includes initiatives that will benefit SMMEs, namely, faciliting the issuing of tourism transport operating licences, including reducing the backlog in applications; reviewing the regulations hindering informal traders and the township economy; and, identifying obstacles to the growth and operation of the early childhood development sector, the majority of which consists of women-run small businesses.
It is however not possible to quantify the expected economic impact at this stage.
Thank You.