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JABULANI SIKHAKHANE: The importance of law in economic development

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Legislators need to ensure that hurdles in the way of economic activity and innovation are not arbitrary or unnecessary

In his love letter to the nation this week, President Cyril Ramaphosa wrote about the recent progress his administration has made in loosening blockages to higher economic growth, a process referred to as structural reform.

Some of these key reforms have had gestation periods ranging from 10 years to more than 15 years . So the implementation of these reforms marks important milestones in the country’s structural reform journey...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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