Red tape reduction interventions saves Western Cape economy R1.85 billion
17 May 2023
Between May 2019 and September 2022, the Western Cape Government’s red tape reduction and ease of doing business interventions resulted in a saving of R1.85 billion to the Western Cape economy.
Minister of Finance and Economic Opportunities, Mireille Wenger, said: “Cutting red tape is a key priority because businesses, especially our small businesses, that are so important to growing our economy and creating jobs, should be able to focus on their operations and expansion, rather than being bogged down with government red tape and bureaucracy.”
The interventions, implemented by the Department of Economic Development and Tourism’s Red Tape Reduction Unit (RTRU), and assessed by an internal analysis, realised the whopping R1.85 billion savings over the last three and a half years.
Minister Wenger continued: “Our aim is to make the Western Cape the easiest place to do business in South Africa and enable jobs. This work was evidenced in the release of the Quarterly Labour Force Survey data that showed 62 000 new jobs were created in the Western Cape during the first quarter of 2023. A key part of achieving this and the breakout economic growth we need to create jobs is removing barriers businesses face. That is why we focus on cutting red tape and the regulatory burden on businesses.”