After reading this article on the Standard Bank Espresso Magazine newsletter, I was almost excited to see that South African business practice and business in general is set to change forever.
It's time to sift out the rubbish in South Africa, and let real businesses start moving forward. There will be no more getting away with selling bad products to the South African consumers. No more fraudulent insurance policies and bond originators charging exorbitant fee's. This is a major step forward.
For any small / medium or large business owner, you'll want to read this article.
It's official: The way that business is done in South Africa will fundamentally change from October 2010 when the Consumer Protection Act kicks in. For business owners, it is the most far-reaching law since the Labour Relations Act.