Thanks a mil. Was great to hear good news and not all doom and gloom. Inspires hope for the future of this we country we all love....ek bly in my land!!!!

An insightful presentation that leaves me with many unanswered questions. The presentation appears to deal with a component of our economy; specifically, with the ‘what’ has changed in the ‘informal / survival sector’ of our economy, and not the ‘why’s and value; to understand the impact. The ‘why, value and impact are vital components, because whilst growth in this sector is indicative of the entrepreneurial spirit of South Africans; it cannot replace the need for the high skilled, highly productive, globally competitive, formally structured economy, that will increase the tax base and the value chain of service delivery. Without growth in the formal economy, we can never equalize an unequal society we so often speak and complain of.

GG Alcock blows my mind, thank you for sharing the truth.

Love this man...The media can make S.A look like the pits, the truth is there's alot of positives that are ignored

Amazing video. It has completely changed my perspective. ♥️♥️♥️

For first-time investors, it cannot be stressed enough how important it is to invest hard-earned money in the stock market rather than a bank where interest is guaranteed! The market appears out of control, the times are unpredictable, and the banks are deteriorating. Could there be a chance for a boomer like me? I'm working on a rough estimate of $5M for retirement, and I have a healthy six figures saved up for this. I'm almost 60.

Finally, a positive presentation out of Biznews.

I totally agree, there are a lot of activities in our informal sector which are not being accounted for in our employment and GDP figures. We need new metrics to measure the uniqueness of our economy. Our informal economy is cannibalising the formal economy and this means less for SARS. Today you can buy almost anything you want on the street. We need to find ways to help people formalise their informal businesses in order to grow the formal economy.

Thanks GG Alcock. Such an uplifting talk.

This is the only guy on this platform who is making sense.

GG Alcock makes loads of sense!!!

The hustle is real! Love that Kasinomics is getting exposure

The Guy is very spot on. Amazing how opinions are different based on perceptions. Those with this knowledge like Capitec founders and other brands have flourished on the development he is highlighting , this is the reason you find Somalis everywhere in RSA,and South Africans not going anywhere else. Perhaps we should also appreciate the resilience of the majority of South Africans, as regardless of whatever is thrown at them they always survive, from the times of internal wars, slavery, colonialism, apartheid, corrupt government, they still survive, it is a good story to tell and is a fact that most should use as an opportunity to build a better country

I love this guy's research. Brilliant!!

The problem is, like the wealthy, be they individuals, corporates and or crooked politicians, very few of these entrepreneurs are declaring their earnings and paying their portion of tax. The payslip earners are compelled to, and they are the one's carrying the income tax burden of this country!

Awesome! Thank you!❤❤❤

I remember reading about his family in Rian Malan's book. Not surprised that the new dispensation has been kind to them... . Unfortunately, his success is just another reflection of how politically connected people have become rich and prominent, while the rest in SA are left behind. If South Africa had less violent crime and general lawlessness, I would have believed that this informal economy was underappreciated. But as we all know, things are getting much worse, even for those wonderful townships entrepreneurs.

Thank you. Great content. In any country, where there is absence of government like ours, people need to reinvent themselves to survive. This is what our people are doing

Lol. If I try those hustles SARS will come knocking.

So enlightening and inspiring, thank you for this, I so admire all these entrepreneurs, really excellent, thank you

I know a lot of people living in shacks and rent out their rdp houses

Very informative, thank you

Brilliant research

I loved this clip. It was informative especially 12% Stat on informal dwelling. It's sad that fear and lack forms part on the news narrative most especially based on the fact that SA is an economically imbalanced society by design and its still largely kept that way.❤

Fascinating 😮

Can't help but alot of the data is screwed for the message.

Thank you for an interesting talk - will look out for Louis Vuitton gutters - just brilliant information

I never expected to hear the name eMsinga 😅 that’s my home, where my dad grew up.

You are exposing us! But he is spot on. There is money in the informal sector. Some people are able to collect 10 /30 thousand monthly on rental. On the issue of payslip, i think this is why entrepreneurs in the township don't regard themselves as hustler not business people

Thanks for the video Interested in your perspective as to why so few South African spaza owners and so many foreign spaza owners Cheers

I'm in the same market

Brilliant!!

He is really talking about township economy not SA economy as a whole

Africa is a permanent hustle,always making a plan,despite the rubbish politics.

As a White South African Farmer I can confirm that the informal sector is enormous and is totally underestimated by economists and hardly taken into consideration when calculating GDP, unemployment, entrepreneurship etc. This state of affairs is even more applicable to the rest of Africa where I am also active. Involvement in the informal sector renders millions of Africans and Asians free from the vagaries, taxation and exploitation of the State and provides dignity and a sense of achievement but above all a plate of food to hundreds of millions of Africans. Europeans must wake up and realise that their Governments are not their to represent their interests but to economically exploit and enslave their gullible populations through corruption, perpetual wars, Big Tech and Pharma, excessive taxation etc in order to establish an Orwellian Dystopian Police State. WEF: "You will own nothing and be happy." Elections are a farce with all opposition been controlled opposition and puppets of the diabolical NWO Globalists.

R20bn worth of backrooms annually,btranslates to a huge missed opportunity by SARS in taxes...

I am only 9 minutes into but I felt like I needed to stop. I read Kasinomics and Kasinomics Revolution years ago and was flabbergasted, but perhaps not with the same optimism you share. Basically, the informal economy is a largely untaxed economy. It is the cash economy. It is the same economy that runs the taxis, shebeens, etc etc. Now the reason I am not optimistic as you is that I, as a tax payer, must bear the burden of the informal economy that doesn't contribute as much as it should to supporting things like roads, sewers, Eskom etc etc. Yes, these people can't avoid VAT. But you think they are telling SARS how much they are earning? Maybe I'll change my mind by the end of the video, but ya, I am not so optimistic as you are about this. People need to pay towards basic services.

Ray of sunshine .. makes sense. Thank you Mr Alcock and Biznews 🌹🌹

Very true small house but expensive cars and all the latest technology

The issue is that the majority does not know the value of money.

So why is the tax payers base so small

Cannot believe Biz News promotes such hallucinations.

Interesting. Fascinating. Lots of new & good information. But - I struggle (not only personal. Many people agree) with speakers who Uhm and Ah so much. It's hugely distracting from the message.

He is so right

Blacktax and remittances😂are also a factor in the townships

Is income-tax paid by this businesses at all? Interested to know

Limited perspective with misplaced optimism.

sobering presentation

This man is delusional.