business opening
going out of business

South African business is facing a perfect storm of challenges. In light of the
current socio-economic climate, leaders need to adjust their ways of thinking
and doing in order to promote growth.

Critical skills shortages, rising crime, political instability and poor government
service delivery continue to dampen SA business growth. Grant Thornton IBR
survey for Q4 2013 reveals local concerns dramatically hampering business

South African privately held business owners are continuing to be impacted by
political instability, poor government service delivery and crime rates reveals the
latest Grant Thornton survey. This is causing uncertainty about the future of
conducting business in South Africa.

Government plans to cut the red tape and make it easier to do business in South Africa by setting up a national one-stop shop to assist with investment approvals, reforming BEE codes and simplifying forms and procedures faced by small businesses.

President Jacob Zuma?s State of the Nation Address is encouraging to business, the South African Chamber of Commerce and Industry (SACCI) said on Thursday. The tone of the President?s address, supported by the promise of improved economic activity and growth, is encouraging to business and should promote business confidence at a time when business confidence is constrained, said SACCI.


Subscribe to Business