World Bank Calls for South Africa to Streamline Labor and Investment Regulations

The World Bank has recently urged South Africa to take decisive action to reduce the bureaucratic hurdles surrounding labor and investment, highlighting the need for reform to stimulate economic growth and job creation. The recommendation comes as the nation struggles with high unemployment rates and sluggish economic performance. Officials believe that by simplifying regulations, they can foster a more attractive business environment that encourages both domestic and foreign investments.

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