Chamberlain, Doubell; Smith, Anja - Development Policy Research Unit, School of Economics - 2006
Regulatory compliance costs impose a deadweight burden on firms and therefore should be minimised. In achieving this … compliance costs for formal firms in South Africa to have been approximately R79 billion in 2004, 6.5 per cent of GDP, and total … costs and their impact on SMMEs are captured in the three reviewed studies. The SBP (2005) study estimates total regulatory …