Ripping off red tape is key to growing private sector investment and saving Billions in a thriving Western Cape economy
6 September 2023
Regulatory ‘red tape’ is a known hindrance to business establishment and expansion, no matter the sector. Launched in 2011, the Department of Economic Development and Tourism’s (DEDAT) Red Tape Reduction Unit (RTRU) works to solve problems and remove red tape barriers preventing businesses from growing, sustaining revenue and jobs. The work of the Unit ensures that businesses are able to grow and thrive.
The priority of cutting red tape for businesses in the province to enable economic growth and job creation was the focus of a visit by the provincial Minister of Finance and Economic Opportunities, Mireille Wenger, to the iconic Cape Grace Hotel.
Minister Wenger said: “Our aim is to make the Western Cape the easiest place to do business in South Africa so we can enable the private sector to create jobs. Which is why I am very pleased with the work done by our RTR team, in collaboration with the City of Cape Town, to help obtain the required building permits and licenses to enable the construction and development phase of the Cape Grace’s revamp. This work will help this landmark hotel reopen in time for our peak summer season, when we are looking forward to welcoming a record number of visitors to our province and key attractions.”