economy

The regulatory pursuit of informal vendors, traders, and service providers will not formalize the economy but destroy it. The informal sector is as valuable to the Namibian economy as any other commercial sector. Rather than criminalizing the informal economy, why not help it earn more income? For now, the state earns revenues in the informal sector from VAT on sales of raw materials or bulk products. Let them form their own chamber of commerce and dialogue with decision-makers about the services they need and how to pay for them. Please read the February 25, 2011 article, Support ‘meme kapanas’. In…