New bill aims to make it easier to do business in South Africa
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The opposition Democratic Alliance has tabled its Ease of Doing Business Bill which is aimed at cutting and reducing red tape associated with doing business in South Africa.
The private member’s bill specifically aims to deal Regulatory Impact Assessments (RIA) and the impact and cost that new regulations will have on the economy.
“Following a study into the lack of understanding of the full cost imposed by regulatory measures and the impact thereof on the economy, the South African cabinet in 2007 decided that a need exists for the consistent assessment of the socio-economic impact of regulatory measures.