Informal businesses catalyse innovation in Mpumuza, Sweetwaters

SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2021
TITLE AUTHOR(S): N.Mustapha, N.van Rheede
KEYWORDS: BUSINESS ECONOMICS, INNOVATION, KWAZULU-NATAL PROVINCE, MPUMUZA, SWEETWATERS
DEPARTMENT: Centre for Science, Technology and Innovation Indicators (CESTII)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-dec-2021/informal-businesses-catalyse-innovation
Print: HSRC Library: shelf number 12854
HANDLE: 20.500.11910/19082
URI: http://hdl.handle.net/20.500.11910/19082

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Abstract

Conventional thinking sees formal and informal businesses as binary opposites. But a recent study by the HSRC's Centre for Science, Technology and Innovation Indicators reveals that informal traders engage in dynamic processes to catalyse innovation and contribute to the growth of their micro- and small-scale enterprises.