South Africa’s informal economy has grown significantly, attracting JSE-listed companies seeking new revenue streams. This sector, crucial for job creation and supplementing incomes, has an average monthly income of R4,199, higher than the national average. Valued at around R750 billion, it is dominated by spaza shops and superettes. Property companies and retailers like Shoprite and Tiger Brands are expanding into this sector due to rising demand from township consumers. Companies such as Vukile, Resilient, Fairvest, and Exemplar report strong growth and low vacancies in their property portfolios, highlighting the sector’s resilience and potential.
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South Africa’s hidden R750 billion economy attracting JSE-listed companies – Daily Investor