This will place South Africa in step with global employment trends. Small firms would benefit from bold proposals to drastically reduce so-called “red tape” and improve employment and practices and procedures. The NDP strives towards an economy that will be more enabling for business entry and expansion, with a focus on credit and market access.
Cognisance is taken of the fact that any inclusive growth strategy that does not harness the creativity, innovation and competitiveness of the private sector is unlikely to succeed. Regulatory reform and support being advocated by the Plan has the intention to boost mass entrepreneurship.