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“ Approaches to Municipal Management of the informal Economy: Hibiscus Coast: Case Study

“ Approaches to Municipal Management of the informal Economy: Hibiscus Coast: Case Study . By Siyabonga Zama Directorate of Economic Development Hibiscus Coast Municipality . Presentation Outline Hibiscus Coast Informal Trade HCM Perspective Integration of Informal Economy

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“ Approaches to Municipal Management of the informal Economy: Hibiscus Coast: Case Study

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  1. “Approaches to Municipal Management of the informal Economy: Hibiscus Coast: Case Study By Siyabonga Zama Directorate of Economic Development Hibiscus Coast Municipality

  2. Presentation Outline Hibiscus Coast Informal Trade HCM Perspective Integration of Informal Economy Types of Informal Trade in HCM Informal Economy Regulatory Environment Challenges Recommendations

  3. HIBISCUS COUAST MUNICIPALITY 65 Km Coastal Belt 21 Beaches 7 Blue Flag Beaches Prime Tourist Destination +80% Rural 20% Urban Contributes 80% towards the economy of the municipality

  4. Informal Economy HCM Perspective Refers to economic activities that are not regulated in terms of the laws applicable to the formal sector. Trading in goods and services in designated areas (Informal Trading Areas) Operators in the second economy are survivalist in nature Source of employment for most rural, peri- urban communities

  5. Integration Of The Informal Economy To The Formal Economy Second economy cannot be formalized Create a regulated environment Alignment of activities with the activities in the formal sector especially tourism i.e. major events, business retention programs Ensuring on going partnerships with organized business and tourism body. Form part of the LED Strategy and SMME’ Development Plan

  6. Types of informal Trade Beach Traders Street Trading Salons Kitchens Car guides Bovine heads traders Mobile Traders etc.

  7. Regulatory Environment Informal Trade By Laws Informal Trade Policy Informal Trade Registration Committee Informal Trade Areas Enforcement

  8. Challenges of the Informal Economy Second Economy is an unfunded mandate Lack of Infrastructure for informal traders Lack of adequate infrastructure for food traders ( trading in unsafe enveronment) Lack of financial literacy Capacity to provide support Financial Support to informal Traders

  9. Continue… Growing number of people entering the second economy e.g. our African brothers Enforcement Planning considerations Capacity of the informal Traders Chambers at a local level Chambers VS prior existing associations.

  10. Recommendations Provisions of infrastructure in the designated informal trading areas. Developing generic support systems Financial support to informal traders Financial Literacy Training Local municipality based research initiatives Provide capacity to municipalities : human and financial resources

  11. CONTINUE….. Mainstreaming into the existing value chain Planning considerations

  12. Conclusion Informal economy remain the source of employment for the poor Any support to municipalities will enable municipalities to cope with the growing number of people entering the sector daily

  13. NGIYABONGA THANK YOU

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