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Oppenheimer family scion urges South Africa to cut red tape | SA News

Jonathan Oppenheimer, scion of the family that built Anglo American Plc and De Beers into global mining powerhouses, urged the South African government to “get out of the way” of entrepreneurs.

While small and medium-sized companies make up 91% of formal businesses in South Africa and account for more than a third of gross domestic product, weak economic growth and high running and compliance costs threaten their survival. More than half the country’s small businesses risk shutting down within a year under current cost-inflation conditions without outside help, an index compiled by Absa Group and the South…

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  2. Van der Merwe was watching a rugby test against the British Lions at Loftus Versfeld stadium in Pretoria. In the packed stadium, there was only one empty seat – next to Van der Merwe.

    \”Who does that seat belong to?\” asked his neighbour.

    \”It\’s for my wife.\”

    \”But why isn\’t she here?\”

    \”She died.\”

    \”So why didn\’t you give the ticket to one of your friends?\”

    \”They\’ve all gone to the funeral.\”