The Hidden Cost of Staying Informal: Why VAT Matters for Small Businesses in South Africa. In South Africa, informal businesses are a lifeline for millions — with nearly 1.9 million people running small, non-VAT registered businesses as of 2023. These businesses make up about 19.5% of all jobs in the…
Week 15 -Hidden Costs VAT Matters for Small Business
The Hidden Cost of Staying Informal: Why VAT Matters for Small Businesses in South Africa. In South Africa, informal businesses are a lifeline for millions — with nearly 1.9 million people running small, non-VAT registered businesses as of 2023. These businesses make up about 19.5% of all jobs in the…