Tag: deregulation
Privatisation is necessary to tackle public sector corruption
Nicholas Woode-Smith | Contributing Author | Free Market Foundation | mail me|
Parastatals, state-owned enterprises, and government interference in the economy all contribute to the...
The state is not an employer!
Election season is coming up soon in South Africa, and those with governmental power have started promising jobs to the millions who are unemployed. Yet anyone who has an inkling of economic knowledge would know that the politicians are writing cheques with their mouths, and that they will be unable to cash their actions.
Financial deregulation necessary to spur economic growth
No new business can prosper without access to start-up capital, and the regulatory environment must not stand in the way of this process. In other words, South Africa’s economic future is not served by do-gooder statutory restrictions on financing. As such, significant amendments should be made to the National Credit Act, as well as the Banks Act, to ease pressure on small businesses that seek to finance their growth.
