SOUTH AFRICA TOWNSHIP ECONOMY

Informal business growing in declining economy

epa05238908 A South African informal trader sells electronic items on a sidewalk in Masiphumelele, Cape Town, South Africa 01 April 2016. Corruption scandals surrounding embattled president Jacob Zuma have been highlighted by opposition parties as major contributing factors in South Africa's declining economy. South Africa's currency the rand slumped to record levels in 2016 against the dollar and euro. Researchers at the Sustainable Livelihoods Foundation have found that informal trading is on the increase as a means of surving the dire economic situation for millions of unemployed South Africans. EPA/NIC BOTHMA

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