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SA informal retail market grows by 6 percent to R197 billion

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Trade Intelligence has reported that the informal retail sector is valued at R197 billion.

The informal sector grew by 6% from 2022, with at least 1.1 million people regularly shopping at around 150,000 stores in the sector.

However, the formal sector holds a higher value than the informal sector and hold a significant part of the overall grocery market.Independent Cash and Carry / Wholesalers Trade Intelligence has also reported that supermarkets have started to recognise the informal trade as an important route. Now, customers shopping in bulk at Shoprite Cash and Carry stores can now enjoy a new service: they can purchase a wide range of goods and have them delivered within a 50 km radius.According to Trade Intelligence, suppliers like Unilever, SAB and Coca-Cola have acknowledged the importance of the informal and independent trade to theirThey also offer initiatives to the informal sector like point-of-sale giveaways, store upgrades and business training.

 

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