South Africa's Informal Economy
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A significant sector of the South African workforce, employing about 20% of the population, primarily reliant on cash transactions.
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South Africa’s LovCash bets on blockchain to digitise cash-heavy trade sector
TechCabal - Jun 17, 2025
LovCash partners with Lisk to implement blockchain-powered transactions in South Africa's informal trade sector. The informal economy employs about 20% of South Africa's workforce but remains largely cash-based.
LovCashLiskDominic SchwenterCostas ConstantinouSouth Africa's Informal Economy
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