The World Bank has identified two major obstacles holding back South Africa’s economy: excessive regulatory rules and cumbersome Black Economic Empowerment (BEE) laws. In a recent report, the global lender urged the country to address these issues to escape what it termed “the wrong growth trajectory,” characterized by stagnant economic growth, high unemployment, and persistent … Continue reading World Bank Urges South Africa to Overhaul Regulatory Burden and BEE Laws to Revive Stagnant Economy