What are the possible strategies for strengthening the informal sector in South Africa
Answers
Explanation:
Suggests a strategy for improving productivity and incomes in the informal sector through skills development. Shortfalls in skills in the informal sector are largely due to low education of prospective workers, unequal access to training, underdeveloped markets, lack of attention by public training providers, and market constraints affecting small and household enterprises. Policy makers should weigh the importance of different constraints on a country-by-country basis and start by ensuring a quality basic education for all and meeting the demand for secondary and higher education where it exists. Governments can successfully fund and promote private investment in skills development. For example, Uganda has offered grants for training and business materials to groups of individuals seeking vocational training for small-scale businesses such as tailoring, mechanics, and hairdressing. In other examples, governments subsidize the cost of apprenticeship training or offer incentives to attract adolescents back to complete primary school.
To strengthen the informal sector of the developing countries like South Africa,the following points are mandatorily necessary.
Such as:
1) Spreading education among the population in order to decrease illiteracy rate and to increase the employment rate in the country.
2) Creating more job opportunities in the national sectors of different industries .
And many more.