We can’t formalize informal sector:RBZ

We can’t formalize informal sector:RBZ

By Ndafadza Madanha RESERVE Bank of Zimbabwe (RBZ) deputy governor Kupikile Mlambo says attempts to formalize the informal sector are likely to be unsuccessful. Mlambo’s sentiments come at a time when government is engaged in concerted effort to formalize the informal sector to enhance revenue generation. “You cannot formalize the informal sector because they are there for a reason but you can create linkages with the formal sector,” said Mlambo while addressing a Confederation of Zimbabwe Retailers Indaba. He said as part of the efforts to draw the informal sector…

Read More