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  1. Inflation and unemployment are causing a shift in how small businesses operate in South Africa.

Formal sector decline in South Africa is forcing the informal economy to absorb economic shocks.

2 reports, 2 independent Updated Oct 19
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Formal sector decline in South Africa is forcing the informal economy to absorb economic shocks.

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What this event is mainly about

How it developed

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  1. Compliance requirements are making it difficult for informal businesses in South Africa to survive.1 source
  2. Informal economy in South Africa absorbs shocks due to formal sector decline.1 source

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