Ramaphosa: Remove barriers to starting businesses

Deputy President Cyril Ramaphosa says tax regimes need to be reformed to promote small business development.

FILE: Deputy President Cyril Ramaphosa. Picture: Reinart Toerien/EWN.

JOHANNESBURG - Deputy President Cyril Ramaphosa says entrepreneurs will thrive if tax regimes are reformed to promote, rather than stifle small business development.

Ramaphosa was speaking at the global entrepreneurship congress at the Sandton Convention Centre earlier on Tuesday.

He says the barriers to starting up businesses need to be removed.

“They will prosper if we eliminate barriers to entryby reducing the costs of doing business and by reducing the cost of data.”