Low-income commuters spend more than 50% of their earnings to get to work: World Bank report

Low-income commuters spend more than 50% of their earnings to get to work: World Bank report

A new World Bank report on inclusive growth in South Africa found that low-income commuters spend more than 50% of their earnings on transport to work.

🔒 World bank: SA must cut red tape & reform black-ownership laws

Key topics: South Africa’s regulatory burden is excessive and hinders economic growth. Black-ownership laws need reform to reduce complexity and corruption risks. Market access must improve for investors, small firms, and young workers. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s …

World Bank Urges South Africa to Cut Labor, Investment Red Tape

South Africa should end its “excessive” regulatory burden and revamp its Black-ownership laws to remove the “signs of paralysis” that plague its economy, the World Bank said.

Ease back on BEE and onerous labour laws, urges World Bank

The World Bank has urged South Africa to consider easing BEE and labour policies to make it less demanding for foreign companies to invest in the country.

One should not take for granted what is going well in South Africa and look at how to strengthen it, say experts. Erika de Beer reports.

The World Bank has two big problems with South Africa – BusinessTech