80% OF TOWNSHIP BUSINESSES UNREGISTERED, REVEALS STANDARD BANK’S INAUGURAL INFORMAL ECONOMY REPORT
A study by SA’s largest bank by assets, Standard Bank, has found that there is a clear distinction between small businesses owned by locals and those run by foreign nationals, with the latter thriving due to its consumer-centric approach. The study took a deep dive into SA’s informal economy, which some estimates put at R900bn…


