Licensing Bill To Assist With Registration Of Businesses In Sa

Small Business Development Minister Stella Ndabeni- Abrahams says once the National Business Licensing Bill becomes law, it will provide clarity, consistency and transparency with regards to the licensing of businesses in the country.

The draft law intends to replace the Businesses Act of 1991 with the aim to create a registry of all businesses in South Africa.

Ndabeni-Abrahams says as government, they remain committed to streamlining business licensing to reduce regulatory burden to foster entrepreneurship, innovation, and job creation.

"The regulatory environment needs to be streamlined, and the department has embarked on a Red Tape Reduction Programme to include practical solutions. As a key strategic intervention to support the red tape reduction efforts, the department will ensure that municipalities are assisted with e-registration systems," she says.

She was giving an update on the outcomes of the registration process by owners of spaza shops and food handling outlets during a media briefing in Pretoria earlier.