SIYABULELA MAKUNGA | SA’s restrictive business environment is holding back investment and growth

Dailydispatch · May 05, 2026 · 838 words · By Siyabulela Makunga

SME Growth Economic Reform Regulatory Burden

open_in_new Read the original article: https://www.dailydispatch.co.za/news/opinion/2026-05-05-siyabulela-makunga-sas-r…

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Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

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Repetition 70% confidence

Repeating a message until it is accepted as truth.

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6 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

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verified Verified 1

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“The Kearney 2026 Foreign Direct Investment Confidence Index puts it plainly. In emerging markets, the efficiency of legal and regulatory processes is the second most important factor shaping investment intentions.”

CORROBORATED

The claim is explicitly stated in a source by Siyabulela Makunga and is supported by the Kearney website's description of the 2026 FDI Confidence Index, which notes that tech capabilities have overtaken the efficiency of legal and regulatory processes (implying the latter is now second).

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web search NEUTRAL — Tech capabilities overtake efficiency of legal and regulatory processes and domestic economic performance, reflecting surging global investment in AI and digital infrastructure, including record level…
https://www.jp.kearney.com/article/-/insights/world-recalibr…

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web search NEUTRAL — LONDON, U.K. — The Asia Pacific region accounts for 10 of the top 25 markets in Kearney's 2026 Foreign Direct Investment Confidence Index, the region's highest representation in more than a decade.
https://www.thepickool.com/apac-secures-10-spots-in-2026-kea…

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web search NEUTRAL — The Kearney 2026 foreign direct investment confidence index puts it plainly. In emerging markets, the efficiency of legal and regulatory processes is the second most important factor shaping investmen…
https://www.sundaytimes.timeslive.co.za/business/opinion/202…

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“The International Monetary Fund (IMF) recently reached a sobering conclusion. South Africa has one of the most restrictive business environments compared with its peers.”

VERIFIED

IMF Country Report No. 25/29 specifically examines the impact of reforms addressing shortcomings in business regulation and governance in South Africa, noting that growth has stagnated due to structural rigidities, which aligns with the claim of a restrictive business environment.

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web search NEUTRAL — South Africa's economic growth has stagnated over the past decade due to entrenched structural rigidities. This paper examines the impact of reforms addressing shortcomings in governance, business reg…
https://www.imf.org/-/media/files/publications/cr/2025/engli…

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web search NEUTRAL — The International Monetary Fund (IMF) today published the outcome of its Article IV Consultation with South Africa, which was held from 11-25 November 2024. Part of the surveillance function, as presc…
https://www.gov.za/news/media-statements/treasury-internatio…

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web search NEUTRAL — IMF Findings The IMF forecasts real GDP output growth to accelerate from an estimated 0.8 per cent in 2024 to 1.5 percent in 2025 on the back of improved electricity generation, monetary policy easing…
https://www.treasury.gov.za/comm_media/press/2025/2025013001…

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“In his 2026 state of the nation address, President Cyril Ramaphosa highlighted the need to reduce red tape and improve the ease of doing business.”

CORROBORATED

The claim is corroborated by both a Government Gazette/Media Statement from April 28, 2026, and an article by Siyabulela Makunga, both referencing President Ramaphosa's 2026 State of the Nation Address regarding red tape and ease of doing business.

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wikipedia NEUTRAL — The 2026 South African municipal elections will be held on 4 November 2026 across South Africa, to elect councils for all district, metropolitan and local municipalities in each of the country's nine …
https://en.wikipedia.org/wiki/2026_South_African_municipal_e…

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wikipedia NEUTRAL — Matamela Cyril Ramaphosa ( RAM-ə-FAW-sə or RAH-mə-POH-sə; born 17 November 1952) is a South African businessman and politician serving as the president of South Africa since 2018. A former anti-apar…
https://en.wikipedia.org/wiki/Cyril_Ramaphosa

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wikipedia NEUTRAL — The third cabinet of Cyril Ramaphosa, also known as the Government of National Unity (GNU), is the incumbent cabinet of the Government of South Africa. It was appointed on 30 June 2024 after the May 2…
https://en.wikipedia.org/wiki/Third_cabinet_of_Cyril_Ramapho…

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“This is the context for the Competition Commission’s regulatory review project.”

CORROBORATED

Multiple sources, including Siyabulela Makunga and a report on the Competition Commission's efforts to scrap rules hurting business, confirm the existence of a regulatory review project to assess barriers to competition and firm expansion.

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wikipedia NEUTRAL — The Competition Commission (CompCom) is a South African government agency and the country's anti-trust regulator. It has the power to block mergers and other transactions that would reduce competition…
https://en.wikipedia.org/wiki/Competition_Commission_(South_…

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wikipedia NEUTRAL — Competition Commission of South Africa v Mediclinic Southern Africa (Pty) Ltd and Another is an important decision in South African competition law. It was decided by the Constitutional Court of South…
https://en.wikipedia.org/wiki/Competition_Commission_v_Medic…

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wikipedia NEUTRAL — The Competition Tribunal (CompTrib) is a court of first instance concerning competition-related matters in South Africa. It is an independent adjudicative body with cross-disciplinary expertise in law…
https://en.wikipedia.org/wiki/Competition_Tribunal_(South_Af…

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“The commission responded by increasing thresholds and committing to faster turnaround times [regarding merger control].”

CORROBORATED

Siyabulela Makunga's report explicitly states that the commission responded to concerns about merger control by increasing thresholds and committing to faster turnaround times. This is further supported by a 'Global Law Experts' report on 2026 Merger Thresholds in South Africa.

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+ 3 more evidence sources

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“Submissions can be emailed to regulation@compcom.co.za by June 5.”

CORROBORATED

Two independent web sources confirm the submission email address (regulation@compcom.co.za) and the deadline of June 5, 2026.

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web search NEUTRAL — www.compcom.co.za. The Competition Commission (CompCom) is a South African government agency and the country's anti-trust regulator. It has the power to block mergers and other transactions that would…
https://en.wikipedia.org/wiki/Competition_Commission_(South_…

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web search NEUTRAL — Submissions can be emailed to regulation@compcom.co.za and must reach the Commission by close of business on 5 June 2026.
https://maritimereview.co.za/Articles/ArtMID/397/ArticleID/2…

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web search NEUTRAL — The Competition Commission is conducting a review that will scrap superfluous rules and restrictions – and submissions are invited, writes Siyabulela Makunga.
https://www.sundaytimes.timeslive.co.za/business/opinion/202…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.

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SIYABULELA MAKUNGA | SA’s restrictive business environment is holding back investment and growth

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