Informal facts

2017-06-22 06:01

. The muti market is worth R2.9bn, employing almost 150 000 people and serving 27-million customers.

. There are more than 100 000 spaza shops (informal fast-moving consumer goods retailers) turning over about R46bn/year, with turnover per outlet from R30 000 to R200 000 a month.

. There are 500 000 hawkers or table-top vendors earning R1 500-R3 000 each a month in profit.

. There are 50 000 informal food takeaway shops selling everything from the kota burger to vetkoek and shisanyama. The bigger amaplate food trucks can turn over R50 000 a day seven days a week.

. There are 150 000 hair salons, ranging from home backrooms to colourful corrugated iron structures that sell styling and hair pieces worth millions.


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