There is consensus within the ecosystem that we need to cohere around the following five priorities: First, we need to improve the regulatory environment for MSMEs and cut red-tape that constrains entrepreneurs, ranging from informal micro-traders to high growth tech start-ups. During the year under review, we made progress with reviewing and amending the Businesses Act 1991 (Act No. 71 of 1991), and the National Small Enterprise Act,1996 (Act No.102 of 1996), both of which are on track for Cabinet approval and gazetting for public comment in the 2023/24 financial year. Also, as part of our red tape reduction work, we supported 25 municipalities to roll out the Red-Tape Reduction Awareness Programme and undertook research on the regulatory impediments facing MSMEs.