Small Businesses and the economy..

Small Businesses and the economy..

Small businesses are recognized as productive drivers of the economic growth. They are empowering and creating employment, especially in Bulawayo where 90 percent of the workers are now in the informal sector due to the closure of industries in the city. The informal sector has replaced the formal sector as company closures continue. In 2014 alone at least  75  companies countrywide closed  down and in 2015 and those who lost their jobs joined the informal sector which has increased from 20% to 83%.

estimates that in 2014 alone, at least 75 companies countrywide closed down and about 9 617 people lost their jobs. These figures are alarming considering that by the end of 2013 only 20% of the active population was employed in the formal sector, meaning that those that lost their jobs were added to an already long list of unemployed people and possibly to the informal sector; bringing the total percentage of those in the informal sector today to no less than 86%. - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf

The informal sector has replaced the formal sector as company closures continue unabated with the situation escalating - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf

The informal sector has replaced the formal sector as company closures continue unabated with the situation escalating - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf

The informal sector has replaced the formal sector as company closures continue unabated with the situation escalating - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf

The informal sector has replaced the formal sector as company closures continue unabated with the situation escalating - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf

The informal sector has replaced the formal sector as company closures continue unabated with the situation escalating - See more at: http://www.zimeye.com/after-kicking-tsvangirai-out-biti/#sthash.k1FxHyHh.dpuf