Author: Andy Jury

The South African informal sector is a vibrant thread, pulsating with entrepreneurial energy. Valued at almost $10 billion annually and representing 17% of the country’s total employment, the informal economy is an indispensable cog in the economic machine. Moreover, given that South Africa’s unemployment rate is sitting at 32.9%, the highest in the world, the country’s informal economy will continue to grow exponentially. And yet, it remains largely disconnected from formal financial systems. As South Africa looks toward embracing the Fourth Industrial Revolution, now is the time to build a digital bridge to financial inclusion, designed with trust at its core. The FinMark Trust Annual…