Posts tagged [how do South African small businesses work]

A Look inside South African Micro Businesses

A Look inside South African Micro Businesses

South Africa’s informal sector is large. Some estimates put the value of informal businesses to the economy at R450m in 2010 – a number that is a conservative estimate.

One of the great tasks in the nation is growing these businesses. Many informal businesses – or micro businesses – are located in low-income housing areas. Developing businesses in these areas has a number of positive effects – it brings more capital into these areas, it drives better conditions for living and business, and it encourages other entrepreneurial minds to give the business world a go.

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