IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The highlights of this report suggest that there were an estimated 1,7 million non-VAT registered businesses in South Africa of which approximately 91% were owned by Black Africans. Unemployment was given as the main reason for starting a business (67,3%). A little more than 94,8% of persons who ran non-VAT registered businesses were the single owners of the business. More than half of the non-VAT registered businesses (51,7%) were found in the wholesale and retail trade industry according to the internationally accepted Standard Industrial Classification of Industries (SIC), followed by manufacturing (12,0%).