He’s deemed to be the world’s number 1 wealth coach and Apple co-founder Steve Wozniak says he’s the closest person he’s ever met to Steve jobs. One thing that is for sure, entrepreneur JT Foxx is an outspoken personality. And on yet another trip to South Africa, he has joined the ‘choirs of many’ who’ve torn shreds into government’s new visa regulations. He says it’s literally throttling small business. Government has called for an immediate review into these regulations but some may argue the damage has been done. And as Alec Hogg said earlier – sanity prevails, hope springs eternal. – Stuart Lowman
by Matthew le Cordeur, Fin24
Cape Town – The new child visa regulations were making it difficult for entrepreneurs to succeed in South Africa, according wealth coach JT Foxx.
“Make it difficult for people to travel and they’re just going to go somewhere else,” he told Fin24 in a studio interview.
Foxx, who has business interests in 31 countries including China, said they would be quick to stop travelling to South Africa “to avoid the aggravation”.
There was a 38% drop in tourism from China to South Africa, according to the Cape Chamber of Commerce and Industry. “The main reason is the new visa regulations, which require all potential tourists to report to either Beijing or Shanghai to apply in person for visas,” said Janine Myburgh, president of the Chamber.
President Jacob Zuma announced on Tuesday the establishment of an inter-ministerial committee on immigration regulations. “It will look at consequences of the new immigration regulations,” he said.
“The committee is chaired by Deputy President Cyril Ramaphosa and comprises ministers of tourism, home affairs, DTI, social development and small business development,” he said. “We identified small business as big business at the State of the Nation address.”
Foxx told Fin24 that the regulations were adding to a plethora of obstacles in the country.
“How is GDP supposed to grow,” he asked. “Mining is stalling, there are a lot of strikes, tourism – for which it is known for around the world – you’re stalling that, so where’s (the growth) going to come (from)?”
Foxx said South Africans should, however, look beyond the government’s mistakes and realise how many amazing opportunities existed within the country. “At the end of the day, you’ve got to create your own economy.”
Source
http://www.fin24.com/Entrepreneurs/News/JT-Foxx-Visa-rules-throttling-small-business-20150812
