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"With iBaby we had to own warehouse space, make huge capital investments in a business we weren't particularly good at," said Mr. McCormick.
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Soaring house prices over the past few years mean that thousands of elderly homeowners have made huge capital gains, but are left with little free cash to spend.
Bemoaning a welter of new regulations brought in during the past decade, Cynthia Carroll, head of Anglo American, one of the world's largest mining firms and South Africa's biggest private-sector employer, said that companies were not prepared to make huge long-term capital investments any more, for fear of "arbitrary and unpredictable regulatory change".
These include big waterfront schemes, which already have huge capital deficits and continue to make big losses.
"We have huge structural problems, and we have huge capital needs," he said.
"These cable companies have huge capital requirements.
It takes time to finance and build huge capital projects.
I make huge mistakes.
Make huge play blocks.
"A lot of times these dispensaries can make a huge capital investment only to find out that the local municipality changed its rules, and they have to close down," he said.
This benchmark contract system accounts for about 70percentt of the market and is a system that gives miners the predictability they need to make the huge capital outlays needed to extract the ore from the ground.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com