Local news
Have your say: how does the informal sector in South Africa benefit the economy?
From a one-kilometre strip of informal setup that provides a whole range of goods and services in a township, to a big setup of an informal food and clothing market at a taxi rank such as Kwa MaeMae, by merely observing such places, it goes without saying that a significant amount of money is circulated on a daily basis.
From a one-kilometre strip of informal setup that provides a whole range of goods and services in a township, to a big setup of an informal food and clothing market at a taxi rank such as Kwa MaeMae, by merely observing such places, it goes without saying that a significant amount of money is circulated on a daily basis. This in turn will have a positive impact on the country’s GDP.
With various factors such as load-shedding affecting South Africa’s economy, a reporter from Sandton Chronicle spoke to informal traders and residents on the streets of Sandton to ask a question related to the informal sector.
Question: In your own words, how does the informal sector in South Africa benefit the economy?
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