A graduated and carefully calibrated approach to increases in VAT is preferable to large scale, once-off increases.
Makeshift shops have mushroomed as people try to make ends meet amid South Africa’s excessive unemployment.
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Many unemployed young people are engaged in a variety of economic activities. These may not necessarily be recognised as a form of self employment or informal employment.
Informal businesses face numerous challenges which hinder their growth.
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The problem with Africa’s model of industrial growth is that it privileges the formal at the expense of the informal and big corporations at the expense of small businesses.