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GG Alcock: Informal economy keeping SA afloat – how foreign nationals cleaned shop

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An invisible matrix of small informal shops is winning purses, garnering 20% of all money spent in SA and selling goods to the value of R46bn per year, writes CEO of Minanawe Marketing GG Alcock.

By GG Alcock*

While Shoprite, Pick & Pay, Spar and other formal retailers slug it out against each other for the purse of the consumer an invisible giant is awakening in the informal sector which is winning the purse and growing faster than the formal sector. This giant is not a single entity but a multitude of small informal shops who form an invisible matrix in the informal economy.

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