The development of the informal economy as a livelihood strategy amongst resident students at Howard College campus.
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Date
2010
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Abstract
The marginalization of black people from the formal economy has led them to the informal
economy. This is due to the country’s macroeconomic policies which have made the
country’s economy develop unevenly. The uneven development draws black people who
lack skills and are unable to find employment, to engage in informal economic activities.
Engaging in informal economic activities enables those marginalised by the formal economy
to generate a livelihood from the informal economy. As a result, parents and guardians of the
youth struggle to pay tertiary fees and provide a sustainable livelihood for their sons and
daughters. In turn, these sons and daughters begin to engage in informal economic activities
by selling goods and providing services to other students in their rooms at residence. The
selling of goods and providing services is a means to generate a livelihood in order to survive
at tertiary, subsequently students become businessmen and businesswomen who own their
own small businesses irrespective of the scale of the business. From the government’s
perspective, there have been many initiatives, strategies and frameworks to promote small
businesses and youth entrepreneurship amongst the youth. However, the policies, strategies
and frameworks do not cater for students engaging in these survivalist-enterprise activities of
the informal economy as students look to generate a livelihood.
Description
Thesis (M.A.)-University of KwaZulu-Natal, Durban, 2010.
Keywords
Informal sector (Economics)--KwaZulu-Natal--Durban., Students--KwaZulu-Natal--Durban., Universities and colleges--KwaZulu-Natal--Durban., Theses--Public policy.