‘Highly regulated State pushes local investors away’

The Free Market Foundation says government should be more receptive to business and its problems.

FILE: Deputy President Ramaphosa. Picture: GCIS.

JOHANNESBURG - After deputy president Cyril Ramaphosa's announcement that the door is open for business people to raise their concerns with government, cabinet has been called on to act.

Ramaphosa reportedly said government, business, labour and Non-Governmental Organisations should collaborate to solve the country's problems.

But the Free Market Foundation's Leon Louw says highly regulated State entities push local investors to foreign shores.

"The real problem is local investors; they are heading for foreign shores. What we need is not rocket science, not war rooms, not national development plans."

Louw says government should be more receptive to business and its problems.

"What you do is you open the economy. You deregulate, liberalise, privatise and end farces like Eskom, which no other serious country in the world still has. They all have energy markets - it's an old apartheid dinosaur."