Budget Speech 2016

Steps to reduce the regulatory burden for business investors are in progress. These include the establishment of Invest South Africa as a partnership with the private sector and concerted efforts by our largest cities to reduce the administrative costs of starting businesses.

A review of business incentives has been initiated, to strengthen their impact on growth, productivity, competitiveness, trade and competitiveness.

R475 million has been reprioritised to the Department of Small Business Development for assistance to small and medium enterprises and cooperatives.