I wonder how much they're planning to spend on implementing this.
R1bn? R2bn?
The licensing regulations seek to bridge this gap and give formal recognition through licenses to those entities that meet certain basic requirements.
YAY! Now I need to have a license to register a freaking domain?
WTF?
I wonder what happens if I let my "You may register a domain name" license expire, of if I declare bankruptcy.
Suddenly my clients are floating in a sea of uncertainty, where they cannot initiate changes because they are not licensed, so they have to get hold of a company that is registered to make changes and be completely at their mercy.
Meh, whatever.
Instead of providing proper clear and concise regulatory procedure, and an efficient tribunal to resolve disputes, lets complicate matters further, and raise costs.
And, lets also pretend that the few instances of name theft and SPAM are the real reason behind these changes.
SPAM is not illegal, it's not even "controlled".
Name theft is always going to be an issue of conflict resolution based on regulations that will adapt and change.
Regarding the modernisation of the actual domain name registration process, go for it. The irony is that, it will now be easy to do the registration process, but, you will not be able to do it without a license.
And, if somebody abuses your license, suddenly you're in s***street.
Bwaaahahahahahahahaha.
This is like regulating the wind. Nobody likes the few farts that pass by, so, instead of ridiculing the serial farters and implementing laws that allow us to force them to get medical attention, we force all wind to run through a fart filter, and then have to pay for the fart filter maintenance, and suddenly that awesome cool summer breeze is gone.