Regulatory Impact Assessment (RIA) of the Review of the Business Act (No. 71 of 1991)

dti

Mthente was commissioned by the Department of Trade and Indutry (the dti) to undertake a regulatory impact assessment on proposed changes to the business act (No. 71 of 1991).

Mthente conducted a national survey, involving 1,500 small to medium businesse enterprises (SMMEs), in order to ascertain the impact these changes would have, primarily on the enabling environment for small businesses. The aim was to expand on the definition of ‘business’ in order to include all business under the act, including small businesses, and also to implement a set of legislative regulations which would enhance the operating environement. The findings were used to inform the impacts (social, economic, political and environemental) of the proposed changes and helped the dti to make informed decisions based on emprical data to refine the Business Act.

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