Expansion held back by bureaucracy, shortage of skilled staff, Grant Thornton International Business Report shows, poor service delivery cited as additional negative factor EXCESSIVE regulation and red tape, and a lack of skilled workers are major concerns among South African privately held businesses, the first-quarter Grant Thornton International Business Report (IBR) released on Monday showed.These factors, the businesses say, are directly restricting their expansion.The report provides insights into the views and expectations of about 3,000 different privately held businesses across 44 economies each quarter. About 150 of these businesses are based in South Africa.The businesses are surveyed on their views in five areas: business constraints, government service delivery, crime, sociopolitical factors, and optimism.The skills deficit in South Africa continues to be a concern, with 40% of those surveyed citing a lack of skilled workers, and 39% indicating excessive regulation and ...
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