, to encourage the government to create an enabling environment for entrepreneurs leading high-growth businesses.
What does this mean? It currently suits a South African tech start-up, with compelling and globally applicable intellectual property , to leave South Africa to swim in the fertile global waters that have fed the world’s unicorns, rather than hacking through the red tape and costly legislation that limits potential unicorns in the country.
Foreign investors would rather invest in a country where the legislation is clear and supportive of the entrepreneurial value creation and where they are able to freely realise this value creation from their investments.
Source: Tech Daily Report (techdailyreport.net)
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