From 2000 to 2009 Zimbabwe has witnessed the massive closure of companies due to economic and political problems that the country experienced. The majority of workers especially from the private sector were laid off without retrenchment packages. Those who were paid retrenchment packages because of hyper inflation their packages were rendered valueless. Unemployment rate shot up to 87%. The collapse of the private sector and unemployment led to the birth of the informal sector as the only option for survival. This paper aims to assess how informal traders are conducting their business and role they are playing in alleviating poverty. A total of 40 respondents will be selected from informal traders who do their business at Renkin, Bulawayo. A pre-tested structured questionnaire will be used to collect data. Data will be manually analysed and descriptive statistics will employed to present the data.
Indian Member 40.00
Others Member 3.00