Small policy changes offer big start-up rewards for SA
With mounting evidence that high-growth founder-led companies are growing faster and creating more jobs than the established industries against which they compete, it is increasingly critical for policymakers to remove barriers to their expansion.
The good news is twofold: a few small policy changes can boost South Africa as a start-up-friendly location; and there is alignment and strong support from the relevant government departments to proceed with the changes.
The good news is twofold: first, is that a few small policy changes can boost South Africa as a startup-friendly location; and second, that there is alignment and strong support from the relevant Government departments to proceed with the changes.
These key policy reforms, as proposed by Endeavor and the Startup Act Movement, are designed to make it easier for SA startups to raise capital from the global VC market. The three key reforms are: adjusting intellectual property (IP) legislation related to transferring IP offshore; easing exchange control restrictions on establishing global company HQs; and easier access to work visas.