{"id":34654,"date":"2021-02-12T19:05:28","date_gmt":"2021-02-12T17:05:28","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=34654"},"modified":"2021-02-12T18:27:42","modified_gmt":"2021-02-12T16:27:42","slug":"10m-zimbabweans-surviving-on-vending-eddie-cross","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/10m-zimbabweans-surviving-on-vending-eddie-cross","title":{"rendered":"10m Zimbabweans Surviving On Vending \u2013 Eddie Cross"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Ndatenda Njanike<\/b> – MORE than 60% of Zimbabwe\u2019s working population now survives on vending or other informal sector operations and there is need for the government to recognise the trade and provide necessary safety nets.<\/p>\n

The 60% translates to over 10 million people surviving on the informal sector.<\/p>\n

The call was made by economist Eddie Cross, who is also a member of the Reserve Bank of Zimbabwe (RBZ) monetary policy committee.<\/p>\n

Cross was speaking during a zoom meeting organised by Vendors Initiative for Economic Transformation (VISET) under the \u201cEconomic Transformation Decongesting Markets, An Update of Renovations and Development of Satellite Markets\u201d Thursday.<\/p>\n

Cross said Zimbabwe was now the second most informalised economy according to analysis by the World Bank and the International Monetary Fund (IMF) with about two million people working surviving on vending.<\/p>\n

\u201cAt least 10 million people owe their source of livelihood to activities of the member of the family who is vending. Therefore, it is the obligation of the local authorities and there are over 100 of them to provide facilities for vendors within the councils. That is where the future of Zimbabwe\u2019s economy lies,\u201d he said.<\/p>\n

Cross added he didn\u2019t think the government of the importance of the informal sector.<\/p>\n

\u201cI think it is very important for them to recognise those issues. One thing I have constantly noted is the under representation of the small guys while they are the largest contributors to the nation.<\/p>\n

\u201cThey should not relay on sponsorship but on proper representation. We as individuals, would not survive without the informal sector,\u201d said Cross.<\/p>\n

This week, the Harare City Council issued a warning to all tuckshop owners vendors operating in the capital city to remove pull down their structures before 18 February failure of which the local authority would move in and demolish them.<\/p>\n

Thousands of families will lose their livelihoods as they survive on vending to sustain their livelihoods. Due to the current Covid-19 national lockdown, the government has barred most informal traders not selling fresh market produce to close business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Ndatenda Njanike – MORE than 60% of Zimbabwe\u2019s working population now survives on vending or other informal sector operations and there is need for the government to recognise the trade and provide necessary safety nets. The 60% translates to over 10 million people surviving on the informal sector. The call was […]<\/p>\n","protected":false},"author":84,"featured_media":34653,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1361,35,15],"tags":[1493,2189,19],"class_list":["post-34654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-coronavirus-in-zimbabwe","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\n10m Zimbabweans Surviving On Vending \u2013 Eddie Cross - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Ndatenda Njanike - MORE than 60% of Zimbabwe\u2019s working population now survives on vending or other informal se ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/10m-zimbabweans-surviving-on-vending-eddie-cross\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10m Zimbabweans Surviving On Vending \u2013 Eddie Cross\" \/>\n<meta property=\"og:description\" content=\"By Ndatenda Njanike - 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