Regulatory Principles in South Africa

The trend towards the Regulatory State.

It has been argued that:

'A fundamental driver of the demand for regulation in recent years has been increasing 'risk aversion' in many spheres of life. Regulation has come to be seen as a panacea for many of society's ills and as a means of protecting people from inherent risks of daily life. Any adverse event is laid at government's door for a regulatory fix. (Banks, 2006, p. 11)