---
title: Ramaphosa's Sona Promise To Businesses!
source_url: https://updating.co.za/ramaphosas-sona-promise-businesses
published: 2022-02-16 10:37:25
modified: 2022-02-16 10:37:25
fetched_at: 2026-08-30T22:15:42+0200
category: company
wp_site: https://updating.co.za
wp_prefix: updating_co_za
wp_id: 3717
wp_type: post
pass: wp-mysql-sql13-digest-2026-08-30
notes: sql13 published digest; public permalink; no MySQL hosts in body.
---

# Ramaphosa's Sona Promise To Businesses!

**Source:** [https://updating.co.za/ramaphosas-sona-promise-businesses](https://updating.co.za/ramaphosas-sona-promise-businesses)

- published: 2022-02-16 10:37:25
- modified: 2022-02-16 10:37:25
- excerpt: now is the perfect time to start your own business. Not sure what to do or where to start? Watch and subscribe to the Achievement Matters YouTube channel to see how many businesses in South Africa are succeeding by using our machines.
- youtube:
  - https://www.youtube.com/watch?v=wYTqWPPccAo
  - https://www.youtube.com/watch?v=p2sIbdMsjEM

Did you know that it is predicted that by 2030, small businesses will generate 90% of the 11 million new jobs aimed to be created in South Africa? Speaking about jobs, Ramaphosa said that the Government was reviewing the Business Act and reviewing legislation and affected small and medium enterprises to assist informal businesses with regulatory problems.

"There are too many regulations in this country that are unduly complicated, costly and difficult to comply with. This prevents companies from growing and creating jobs. We are therefore working to improve the business environment for companies of all sizes through a dedicated capacity in the Presidency to reduce red tape," Ramaphosa said.

"The red tape team will identify priority reforms for the year ahead, including mechanisms to ensure government departments pay suppliers within the required 30 days," the president said.

A new study by the International Labour Organisation (ILO) reveals that self-employment, and micro and small enterprises play a far more significant role in job creation than previously believed. Data gathered in 99 countries, including South Africa, shows that these businesses – described as small economic units – account for 70% of total employment, which makes them the most important drivers of employment.

So now is the perfect time to start your own business. Not sure what to do or where to start? Watch and subscribe to the [Achievement Matters YouTube channel](https://www.youtube.com/channel/UCQ1nrhV-DFc4UAVNYBL_BFg?sub_confirmation=1) to see how many businesses in South Africa are succeeding by using our machines and consumables.

At [AM.CO.ZA](http://am.co.za/)******your success** is **our success,**and our [YouTube channel](https://www.youtube.com/channel/UCQ1nrhV-DFc4UAVNYBL_BFg?sub_confirmation=1) is a great place to generate some ideas!

[https://www.youtube.com/channel/UCQ1nrhV-DFc4UAVNYBL_BFg?sub_confirmation=1](https://www.youtube.com/channel/UCQ1nrhV-DFc4UAVNYBL_BFg?sub_confirmation=1)
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**Here is a teaser of what to expect when you visit our YouTube Channel:**

https://youtu.be/wYTqWPPccAo
Watch on YouTube: https://youtu.be/wYTqWPPccAo

https://youtu.be/p2sIbdMsjEM
Watch on YouTube: https://youtu.be/p2sIbdMsjEM