The informal sector is now being looked upon by government to regularise its activities and also for participants to contribute to a national social security scheme.
The government’s economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation has also set its sights on the informal sector to create employment and spur economic growth and development.
Manicaland Minister of State Cde Mandi Chimene says efforts have been made to ensure that compliance is made regarding formalising the informal sector so that they can also get a kind ear when huge government tenders are flighted as well as ensuring they also benefit from social security schemes.
NSSA acting regional manager for Manicaland province Mr Arcadia Kecho says the informal sector must consider that after retirement they too need to be cushioned.
Many of the players in the informal sector need to be on the social safety nets like those offered by the National Social Security Authority.
An International Monetary Fund working paper placed Zimbabwe’s informal sector as the sixth largest in the Sub-Saharan region.
The IMF working paper noted that the informal sector contributed $7 billion to the economy, which is 40 to 50 percent of economic growth for the four-year period between 2010 and 2014.