• Three new legislative threats to the economy now signed by the President

  • Jul 26 2024
  • Duración: 9 m
  • Podcast

Three new legislative threats to the economy now signed by the President  Por  arte de portada

Three new legislative threats to the economy now signed by the President

  • Resumen

    • President Cyril Ramaphosa’s enactment on 23 July 2024 of three new pieces of legislation poses grave threats to the economic environment.
    • Once implementation by the multi-party government starts, the Public Procurement Act, National Small Enterprise Amendment Act, and Climate Change Act will increase the cost of doing business in South Africa while accelerating state failure.
    • Each is potentially harmful on its own and all add to an ominous series of legislative threats along with the recently signed NHI Act, employment equity regulations, and third-wave BEE directives. Businesses would do well to anticipate the effects of the attempted implementation on their operations as well as on implications for the stability of the multi-party government.
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