{"id":3331,"date":"2019-10-14T08:00:32","date_gmt":"2019-10-14T06:00:32","guid":{"rendered":"http:\/\/contattoblogs.timslatter.co.za\/?p=3331"},"modified":"2019-10-11T10:47:19","modified_gmt":"2019-10-11T08:47:19","slug":"starting-your-business-is-going-to-get-easier","status":"publish","type":"post","link":"https:\/\/contattolive.co.za\/north\/starting-your-business-is-going-to-get-easier\/","title":{"rendered":"Starting your business is going to get easier!"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">South Africa is an enterprising and entrepreneurial nation\u2026 which is why it\u2019s interesting that it can be so tough to do business here.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Of all new businesses started in South Africa, nine out of ten of them will close their doors within the first two years. Government grants are talked up but are thin on the ground, B-BBEE requirements are onerous and keep changing, and then there\u2019s the red tape.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Bureaucracy has been South Africa\u2019s Achilles\u2019 heel in the corporate sector for a long time, and figures show that it\u2019s hamstrung us in the past. In the 2009 World Bank\u2019s annual \u2018Ease of Doing Business\u2019 survey, South Africa was at a not-great-but-comfortable 32nd in the world out of almost 200 nations. But by 2014, just five years later, that figure had slipped to 43rd in the world.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">And in 2019? We are now at a nail-biting (and embarrassing) 82<\/span><span style=\"font-weight: 400;\">nd<\/span><span style=\"font-weight: 400;\"> place out of 190 countries.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">So, what\u2019s a business owner to do? Cut and run for easier, greener pastures?<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Actually, hanging tight might be a better solution, because it looks as though doing business is about to get far less complicated. Fast!<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Orders from the top<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When Cyril Ramaphosa became president of South Africa, the corporate sector cheered. Not just because of the alternative, but because of the significant fact that, for the first time in our democratic history as a nation, the man in charge was a seasoned entrepreneur <\/span><i><span style=\"font-weight: 400;\">first <\/span><\/i><span style=\"font-weight: 400;\">and a politician second. For example, while previous South African presidents have mentioned \u2018boosting business\u2019 in vague terms, <\/span><span style=\"font-weight: 400;\">President Ramaphosa<\/span><span style=\"font-weight: 400;\"> has been uniquely articulate about his focus.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">He<\/span><span style=\"font-weight: 400;\"> said in his most recent SONA speech that government is:<\/span><\/p>\n<p style=\"text-align: justify;\"><i><span style=\"font-weight: 400;\">\u00a0\u201curgently working on a set of priority reforms to improve the ease of doing business by consolidating and streamlining regulatory processes, automating permit and other applications, and reducing the cost of compliance.\u201d<\/span><\/i><\/p>\n<p style=\"text-align: justify;\"><i><span style=\"font-weight: 400;\">\u201cThe World Bank\u2019s annual Doing Business Report currently ranks South Africa 82 out of 190 countries. We have set ourselves the target of being among the top 50 global performers within the next three years,<\/span><\/i><span style=\"font-weight: 400;\">\u201d he said again during his second SONA in June \u2013 the first mention of the World Bank survey ever by a president during SONA.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">These pronouncements are starting to bear fruit. Marginal rallying of SA\u2019s business confidence scores (after decreasing slightly again in July and August) shows that the private sector is willing to change its mind about SA\u2019s business growth prospects, which can only be good news. And during the year, the \u2018ease of starting a business\u2019 aspect of South Africa\u2019s World Bank ratings has improved by 1.25 percentage points.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This may seem like a small change, but it\u2019s certainly a start in the right direction! And it is a welcome sign to local businesses that things are getting better and not worse for entrepreneurs here in SA.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">We can be positive about our future \u2013 things are about to get better!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa is an enterprising and entrepreneurial nation\u2026 which is why it\u2019s interesting that it can be so tough to do business here. Of all new businesses started in South Africa, nine out of ten of them will close their doors within the first two years. Government grants are talked up but are thin on the ground, B-BBEE requirements are onerous and keep changing, and then there\u2019s the red tape. Bureaucracy has been South Africa\u2019s Achilles\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,27],"tags":[],"class_list":["post-3331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Starting your business is going to get easier! - Contatto North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contattolive.co.za\/north\/starting-your-business-is-going-to-get-easier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starting your business is going to get easier! - Contatto North\" \/>\n<meta property=\"og:description\" content=\"South Africa is an enterprising and entrepreneurial nation\u2026 which is why it\u2019s interesting that it can be so tough to do business here. 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