Govt seeks to ease environment for private sector
Friday, November 27, 2015
Over the last two years the Ministry of Trade and Industry has been actively involved in the development of the reform roadmap and action plan, which was done in collaboration with the World Bank to improve the business environment in the country as well as its competitiveness.
To this end the reform process is intended to reduce government bureaucracy, eliminate unfriendly business laws and regulations, improve service delivery, reduce tedious paper work as well as leverage on ICT applications.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...