Fact-a-day

Informal economy

January 31st, 2014 by admin

South Africa’s informal economy employs 20% of the population, which is significantly lower than other regions like sub-saharan Africa (72%), Asia (71%) and Latin America (51%). (Unilever Institute’s A Comprehensive Overview Of South African Consumers)

This week’s theme: South African Consumers

2 Responses to “Informal economy”

  1. Robb Stockill says:

    Is that 20% of 51 million people? and what are they classified as according to the labour force survey categories?

  2. Zai says:

    Probably has Much to do with the Classification of Formal/Informal Sector.
    I’d imagine Most Family-owned Retail Stores would be Informal Overseas, but they are Classified Formal here.
    Also there is the thing where Foreign Retailers are not obligated to pay taxes, so their employees are Not registered.

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