Mangaung has been announced as the number one city in South Africa to register property this means that the exchange of property has become that much more efficient. Deputy Minister of Finance Mondli Gungubele announced this during the launch of the `Doing Business in South Africa 2018’ report by the World Bank Group, on Thursday.
The report analysis business regulations for domestic small and medium enterprises across nine of the country’s biggest cities such as Buffalo City, Cape Town, Ekurhuleni, eThekwini, Johannesburg, Mangaung, Msunduzi, Nelson Mandela Bay and Tshwane. Mangaung was also above the rest in the enforcement of contracts in the Metro.
This shows an improvement after the Metro implemented a new automated electronic financial management and e-application system in 2015 following the first report by the group. The system issues rate clearance certificates and by simplifying the process, has cut down the process of registering a property by approximately a month. According to Mangaung spokesperson, Qondile Khedama, it has proven to be efficient, accurate and cost-effective for both the municipality and attorneys improving communication between the two parties. Now, people can log onto the system and apply for rates clearance from anywhere.
“I’m happy that the systems we are putting are beginning to yield results. This automation in our Finance directorate does not only encourage efficiency but it also contributes in revenue collection,” said Executive Mayor Olly Mlamleli.
World Bank Country Director for South Africa Paul Noumba Um said that the report has helped South Africa to improve conditions for entrepreneurs over the last three years. “It specifically identifies which initiatives have been successful and where constraints remain. Moreover, the undertaking represents the country’s commitment to strengthening its business climate,” he explained.
According to Khedama National Treasury is supporting Invest SA’s lead in working with national and provincial departments and agencies to simplify and speed up the processes involved in starting a business, registering property, dealing with construction permits, and trading across borders. – Nomaqhawe Mtebele