Following the consolidation programme in 2004, banks became awash with capital, which was deployed into various high-risk areas. The system was abused by operators with banks engaging in non-banking practices to the detriment of core banking practices. Banks took unnecessary speculation provisions and bets on asset prices.
The World Economic Forum places South Africa in the 112th position regarding the “Burden of Government Regulations”. The proper implementation of the National Development Plan will be conducive to an increased level of entrepreneurship in the economy, as the ease of doing business improves.