BNC#6 GG Alcock Q&A - Why SA's unemployment figures are way overblown, supporting the 'Kasi' economy

BizNews Radio

During a Q&A session at BNC#6 in Hermanus, Alec Hogg and GG Alcock discussed the educational backgrounds of successful informal entrepreneurs and the challenges they face in accessing formal financial support. Alcock highlighted the importance of informal learning from family members and peers in entrepreneurship. He emphasised the role of organisations like Altvest in democratising finance and supporting small businesses, especially those led by women. They also discussed the need for transformative policies in housing and local governance to empower informal businesses. Additionally, they explored the rapid digitization of informal economies, with platforms like WhatsApp driving e-commerce growth. Despite challenges, Alcock's insights underscored the resilience and potential of informal entrepreneurs.