Zimbabwe to Boost Formal Sector, Enforce Informal Sector Compliance.
Harare, Zimbabwe—Finance Minister Mthuli Ncube said the government will soon announce measures to help the formal sector survive. The government also wants the informal sector to follow laws like paying taxes.
Retailers are worried because the informal sector sells goods for less. This is because it does not always register, pay taxes, or follow labor laws.
In an interview, Ncube said more people are working informally and smuggling goods. This hurts the formal sector.
"The informal sector is squeezing out the formal sector," he said. "We will make the informal sector comply with requirements like licensing, taxes, and selling in proper areas."
The government will...