Explain or suggests the reasons for high informal sector employment in south Africa
Answers
Answer:
The main reason behind the high informal sector employment in South Africa is that people who have startups or small business face troubles dealing with taxes.
Explanation:
These taxes concerns formal employment and businessmen prefer to hire workers informally in order to maintain the business without spending too much money.
Other reasons include overlooking skill development and effective management strategies. Thus the small businesses fail to thrive beyond subsistence.
Answer:
Some of the reasons are listed below,
Explanation:
1. Absence of Government Policies: The government policies should be enacted to promote this private sector instead of suppressing it.
2. Formalization: The need to assess that the informal sector is a sector to give attention to. The recognition must be given in order to make it worthy of the nation it lives in.
3. Smart Decisions: Policymakers of the country need to take smart as well as fast actions to uproot the economy of the informal sector.