Manufacturing cash cow for informal sector

Manufacturing cash cow for informal sector
Published: 11 December 2017
Manufacturing activities in the informal sector stand a better chance of earning higher monthly revenues than those in the retail and services, a new report has shown.

According to the Zimbabwe National Chamber of Commerce (ZNCC) survey on the sector whose report was released last week, about 36% of the players in the manufacturing sector earn over $1 200 in monthly incomes.

In a breakdown of what activities these informal manufacturers are involved in, the report found them to be food processing, furniture manufacturing and carpentry, steel fabrication and welding, shoes manufacturing, and tombstone and sculpture-making.

Of those subsectors, all the informal players who are into peanut butter making earn revenues of more than $1 200 monthly, followed by tombstone and sculpture-making where 50% earn the above amount.
- Newsday
Tags: Manufacturing,

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