Update: Three new harmful Acts signed by President Ramaphosa
Update: 2024-07-27
Description
President Cyril Ramaphosa’s enactment on 23 July 2024 of three new pieces of legislation poses grave threats to the economic environment.
Once implementation by the multi-party government starts, the Public Procurement Act, National Small Enterprise Amendment Act, and Climate Change Act will increase the cost of doing business in South Africa while accelerating state failure.
Each is potentially harmful on its own and all add to an ominous series of legislative threats along with the recently signed NHI Act, employment equity regulations, and third-wave BEE directives.
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