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The challenge of formalising the local economy : South African township retail industry

Mini Dissertation (MBA)--University of Pretoria, 2021.

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Other Authors: Mnguni, Kays
Format: Thesis
Language:English
Published: University of Pretoria 2021
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access_status_str Open Access
author2 Mnguni, Kays
author_browse Mnguni, Kays
author_facet Mnguni, Kays
collection Thesis
dc_rights_str_mv © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2021.
format Thesis
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institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:39:40.578Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2021
publishDateRange 2021
publishDateSort 2021
publisher University of Pretoria
publisherStr University of Pretoria
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source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/81686 The challenge of formalising the local economy : South African township retail industry Mnguni, Kays ichelp@gibs.co.za Monyebodi, Monyaku UCTD Formalisation Informal sector Formal sector Regulations Economic growth Mini Dissertation (MBA)--University of Pretoria, 2021. After more than two decades of democracy, South Africa is still faced with challenges of unemployment, poverty and inequality. The informal sector is one that presents opportunities for making a positive contribution towards solving social problems that South Africa is faced with. While the informal sector is large and offers flexibility in employment, it is associated with low productivity and poor governance as traders in the informal sector are not obliged to register their businesses and therefore cannot make tax contributions. The lack of formalisation of the informal sector not only impacts the government for not being able to account for the sector, but it also creates barriers for those trading in the sector. The study adopted qualitative research methods to gain insights into describing and exploring the meaning research participants use to construct and interpret their world of reality, such as formalising the informal sector to stimulate economic growth in South African Townships. A total of 15 semi-structured interviews were conducted with business owners in the retail informal sector, managers of big corporates in retail in the formal sector and government employees from various departments who were represented by those in relevant positions such as directors, heads of departments, regional and board members. Interviews were analysed by means of thematic analysis. The key findings from literature indicated that the informal sector is broad and there is no one definition of the informal sector. It was also established that there is a direct relationship that exists between the state and the informal sector, however there is an indirect relationship that exists between the formal and informal sector as further explained in institutional and stakeholder theory. The lack of development in the informal sector can be attributed to the non-existence of policies to guide and regulate the existence of the informal sector. The insights shared from the interviews pointed to the applicability of the proposed model in terms of formalising the informal sector. Gordon Institute of Business Science (GIBS) MBA Unrestricted 2021-09-07T07:45:10Z 2021-09-07T07:45:10Z 2021-09 2021 Mini Dissertation Monyebodi, M 2021, The challenge of formalising the local economy : South African township retail industry, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/81686> S2021 http://hdl.handle.net/2263/81686 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Formalisation
Informal sector
Formal sector
Regulations
Economic growth
The challenge of formalising the local economy : South African township retail industry
title The challenge of formalising the local economy : South African township retail industry
title_full The challenge of formalising the local economy : South African township retail industry
title_fullStr The challenge of formalising the local economy : South African township retail industry
title_full_unstemmed The challenge of formalising the local economy : South African township retail industry
title_short The challenge of formalising the local economy : South African township retail industry
title_sort challenge of formalising the local economy south african township retail industry
topic UCTD
Formalisation
Informal sector
Formal sector
Regulations
Economic growth
url http://hdl.handle.net/2263/81686