THE Minister of Finance, Enoch Godongwana, has committed himself to the task of pursuing his predecessors’ structural reform agenda and reducing red tape, the progress of which will be keenly noted in the Medium Term Budget Policy (MTBPS) on the 11th of November.
Angelika Goliger, EY Africa’s Chief Economist, said National Treasury and the Presidency, through Operation Vulindlela, are focused on tackling big-ticket constraints in the energy, transport, water, spectrum allocation and communications space which have impeded growth across the entire economy.
“While these reforms are critical and long overdue, there are also numerous smaller regulations and processes that make it that much harder for businesses to operate in South Africa.”
She noted that the mandate, and capacity, of Operation Vulindlela should be broadened from major structural reforms, to include a focus on red-tape.
“Globally, there are many examples which have shown a centralised focus at a national level on
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