South Africa, future of the West 🇿🇦

the draft regulations would give the department excessive discretionary power, including powers over data sharing and the suspension of digital credentials. “Lex Libertas argues that it must be strictly decentralised, place citizens in full control of their own data, prohibit central logging of verifications, and allow for private and community-based alternatives,” he said. Schreiber denied that the digital ID system would be used to collect data from South Africans, such as spending habits, location information and banking and financial records.

(Minister) Schreiber denied that digital IDs will be used for government surveillance on private South African citizens. Instead, he said the system will make it easier for citizens to prove their identity. “Instead of carrying physical documents or repeatedly submitting paperwork, South Africans will be able to use secure digital versions of their official identity,” he said.

The companies analysed responses to a survey sent to over 100 South African firms to understand the costs they pay to comply with the regulatory framework, or why they choose not to comply. The lack of public information is why the two firms decided to conduct the survey, with the results showing just how substantial BEE compliance costs are. Respondents detailed how they spend millions of rands on compliance with little benefit. Companies with empowerment share policies reported that many beneficiaries are worse off than they would be without BEE investment vehicles. The research found that the median compliance cost is around R2.7 million, with the maximum cost reported being R105 million for a company with Level 1 accreditation.