Informal enterprises in the Eastern Cape Download
Published - 31 Aug 2020
Date of Publication:
It is clear that informal enterprises play a major and increasing part in our provincial economy, both in terms of employment and poverty alleviation. Informal enterprise activity, although dependent on formal sector purchasing power, has its own vibrant dynamic. It is also clear that Government must support both formal and informal enterprises. Our provincial investment promotion efforts are coming together into a concerted programme that should increase private formal business investment in our province. We need a similar concerted effort to support the informal and small business sector, which envisions and realises the role of the informal sector in the provincial and regional growth processes.
A new generation of informal entrepreneurs is emerging and there seems to be significant enterprise growth and transition from the informal to the formal sectors.
Successful informal enterprises build the formal economy from the bottom up