Business Report quotes Adcorp as saying that informal workers generally evade income taxes and circumvent labour laws. However it points out that an estimated 32,8% of South Africa's workforce is now employed in the informal sector.
It says that about 6,2-million people are eking out a living as informal workers compared with the officially recorded employment levels of 12,7-million people.
Adcorp's index shows that formal employment levels dropped sharply last month in several sectors including manufacturing (16,7%), transport and logistics (9%) and construction (4,6%). Together these sectors accounted for the loss of 25 000 jobs last month.
There were employment gains in the government sector (10,5%) finance (8,2%) and the wholesale and retail trade sectors (6,6%).
Read the full article on www.iol.co.za.
View the Adcorp Employment Index.
