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Podcast: The Daily Discourse
Episode: Can digital identity transform the informal economy?
Description: South Africa’s informal economy contributes significantly to the GDP at about 6% and job creation with an estimated 7.5 million employed in the informal economy, compared to 9.8 million in the formal economy. Beyond this, the township economy has been built to solve problems whether it is alleviating food security, providing modes of transport or connecting people to the internet. The informal economy has bridged the gap for social development issues. For this sector to grow, it requires access to credit and digital profile for their operations. Without a banking profile or business transaction history, entrepreneurs are restricted to bor...