Painful to see hawkers robbed by ANC youth

IN 2008, the Small Business Project, a research agency that focuses on small business, released research that showed the extent to which small businesses were victims of crime.The research revealed that low-level retailers and professional services have above-average incidents of robbery. These low-level traders are entities with annual turnovers of less than R100000 a year — about R8000– R9000 a month.They are mostly in the inner city and are run by individuals who eke out an existence in the shadows of the economy.These people leave their homes in the early morning, buy stock for the day and stand on street corners selling fruit, sweets, shoelaces and other paraphernalia. Attacking these people is destroying their businesses. At least 30% will be out for the count after such incidents. After all, some would have borrowed R2000 from microlenders.

via BusinessDay – THAMI MAZWAI: Painful to see hawkers robbed by ANC youth.

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