The South African economy needs a new approach to regulation, competition, and industrial policy to open the economy for greater participation, particularly by black industrialists, according to research released today by the Centre for Competition, Regulation and Economic Development (CCRED) at the University of Johannesburg.
In a series of studies funded by the National Treasury, CCRED has identified substantial barriers to the entry and growth of new entrepreneurs and producers hoping to gain a foothold in the market. Prof. Simon Roberts, Director at CCRED discusses some of the findings of the studies