Informal and formal businesses must be supported, Productivity South Africa urges

Informal and formal businesses are components of the broader economy, and imposing a transition of all informal businesses to formal businesses is not a clear-cut answer to supporting job creation or ensuring access to civil and social services, government agency Productivity South Africa chairperson Professor Mthunzi Mdwaba has said. "While it is the case that informal businesses are not recognised and identified to receive social services and support, such as the Temporary Employee/Employer Relief Scheme (TERS) deployed during the Covid-19 impacted period to support employees and businesses, transitioning informal businesses to formality is not straight forward.