Today's Big Stories

SA's informal sector tricky to quantify, says market expert

It is difficult to conclusively determine the size of South Africa's informal sector, though it contributes a great deal to the economy.

Dr Tashmia Ismail, market expert at the Gordon Institute of Business Science (GIBS), says that there is no consensus on the estimated statistics of the sector.

There are a lot of numbers. There are three wildly different numbers around the size of it. StatSA talks about 120 billion, UCT Unilever Institute is over double that and there's an Adcorp number which seems rather inflated.

Dr Tashmia Ismail, Head of the Inclusive Markets Programme at GIBS

She says researchers are cautious about figures in the informal sector, as the nature of the business suggests that it cannot be properly measured.

Ismail explains that the informal sector moves money in spaces that cannot be calculated because the sector is a cash economy.

It's not flowing through the financial services system, so we've got to be a little wary.

Dr Tashmia Ismail, Head of the Inclusive Markets Programme at GIBS

She says the informal sector thrives most in township spaces, where unemployment is the highest.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

Why family traditions matter

Why family traditions matter

Whether it's breaking bread or celebrating through song and dance, family rituals and traditions can create a sense of belonging.

Popular articles
KZN Metrorail services suspended due to vandalism

KZN Metrorail services suspended due to vandalism

Metrorail KZN Regional Spokesperson Zama Nomnganga says a build up of events led to the decision.

WC DA leader refuses to hand over electronic devices as party probes media leak

WC DA leader refuses to hand over electronic devices as party probes media leak

Western Cape DA leader Bonginkosi Madikizela confirmed that he was asked to hand over his devices but he says that he refused.

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Land researcher Prof. Ruth Hall says the panel faces an exciting challenge to see how government can fix the land reform process.

Transgender 'dragon lady' has ears removed and says testicles are next to go

Transgender 'dragon lady' has ears removed and says testicles are next to go

Tiamat Medusa has undergone extreme body modification and claims to be the most modified trans person in the world.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.