B.E. Assessment

South Africa Foundation, Designing a Regulatory Impact Assessment for South Africa, August 2003

    Description
    This paper, produced by the South Africa Foundation, evaluates international models of regulatory assessment and the current South African regulatory regime, with a particular focus on the impact of regulations on SMEs. Earlier reticence on the issue of impact assessment stemmed from the perception that most costs and benefits of regulation cannot be quantified. But techniques have been developed to provide accurate approximations and adopted by regulators around the globe. The paper examines the existing regulatory impact assessment (RIA) models in the United States, the United Kingdom, Australia, and New Zealand. It goes on to identify the following 10 principles of success to guide the design of a regulatory reform regime for South Africa: 1.) Integration with independence, 2.) Public private partnership, 3.) Appropriate authority, 4.) Public accountability, 5.) High-level political support, 6.) Reform embedded in legislation, 7.) Clear guidelines, 8.) Coordination, 9.) Appropriate cost and 10.) Sufficient information.

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