Somebody said, “One way to think of business is as a board game. You can play the game as it exists, or you can try to change the game, either by changing the rules, changing the objective, changing who you’re playing against, or by choosing to play an entirely different game.”

There is the truth in the statement. We cannot take away the fact that every business is responsible for complying with their obligations and ensuring that the company adheres to all laws and regulations. It is known to experienced entrepreneurs that meeting your obligations is more than just obeying laws, but responsibly changing elements of such laws while making your own to accommodate your concerns.

Rules and regulations are not supposed to be oppressive or scold businesses, but enable them to conduct business in a fair and transparent manner; providing a level playing field for all businesses.

Compliance

True based on research that from time and cost perspective, complying with requirements of a business can be a nightmare. Preparing and submitting completed documents in order to comply with Government entities takes longer and is costly at most times. Throughout the development of laws dealing with irregularities and non-compliance, South Africa is still suffering from a widespread non-compliance, which is often attributed to corruption.

Though regulations and so much red tape are seen or reported rather as the greatest constraint to expanding and constantly complying with requirements for businesses by Government of the day in SA. We cannot take away that SA is performing better than regional averages across a number of key measurements such as having simpler procedures, various tax relief measures and interactions with officials.


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