“With insights from the IBES report, planners and policymakers now have a clearer understanding of both the formal and informal sectors, paving the way for better-structured business operations ...

The provincial spread of informal business is proportional to the population, the report shows. Waged workers in small formal business were half as likely to be union members as those in larger ...

A recent report shows Africa alone accounted for 70% of global mobile money transactions, making it the undisputed global ...

Unemployment remains the primary driver for starting an informal business, with 58.9% of women citing joblessness as their reason for entering informal work in 2023, although this figure is from ...

According to the Ghana 2024 Integrated Business Establishment ... 7.7% in the formal sector. These informal businesses fail to keep any formal accounts. The report further reveals that over ...

The report highlights that for every 1°C increase in temperature, informal workers’ earnings ... 40% due to unbearable midday heat and reduced business activity. Additionally, medical expenses ...

and interactive tools to assist informal business owners. Dr Petersen stressed that supporting informal sector innovation is crucial for rural and township economies like those in KZN.