IEDF announces newly appointed National Executive Committee

South Africa, 15 August 2023 – The Informal Economy Development Forum (IEDF) is pleased to announce the appointment of its new National Executive Committee, a significant step towards promoting the growth of the informal economy and uplifting township and rural communities across South Africa.

The informal economy plays a vital role in our nation’s economic landscape, encompassing a diverse array of activities that often operate on the margins of formal regulation. The newly appointed National Executive Committee aims to provide a dedicated platform for addressing the needs, challenges, and opportunities that arise within this sector.

Comprising community leaders from all nine provinces in South Africa, and various sectors including government, academia, civil society, and the private sector, the National Executive Committee will be responsible for driving policies and initiatives that foster the sustainable growth of the informal economy. By bringing together diverse perspectives and expertise, this committee is poised to guide the formulation of strategies that support entrepreneurship, innovation, reducing unemployment and social inclusion.

“We recognize the informal economy as a significant force that contributes to the fabric of our society and economy,” said David Venter, Chairperson of the Informal Economy Development Forum. “The appointment of the National Executive Committee reflects our commitment to channeling collective efforts towards harnessing the potential of the informal economy for the betterment of our communities.”

Key areas of focus for the National Executive Committee will include:

Policy Advocacy: Working closely with relevant government bodies to advocate for policies that facilitate the growth of informal enterprises while ensuring their integration into the broader economic framework.

Access to Resources: Identifying and addressing barriers to accessing credit, financial services, and other resources that are essential for the informal economy’s development.

Skills Development: Collaborating with educational institutions and training centers to provide skill development opportunities for individuals engaged in informal activities, enhancing their capacities and expanding their potential.

Gender Equality and Social Inclusion: Promoting initiatives that empower marginalized communities within the informal sector, with a particular emphasis on women, youth, and rural populations.

Sustainability and Environmental Practices:

Integrating sustainable practices within informal economic activities to contribute to environmental preservation and resource efficiency.

The appointment of the National Executive Committee marks a significant milestone in the journey towards a more inclusive and resilient economy. By acknowledging the vital contributions of the informal economy and uniting stakeholders in a common purpose, the Informal Economy Development Forum is setting the stage for transformative change that uplifts communities and drives sustainable growth.

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Keziah Zachariah