Many SME’s struggle with compliance to the statutory obligations under NAPSA. Excluding many
formal businesses, Low compliance levels manifest in the difficult-to-reach groups. Even when new
businesses do register, there is a likely risk that the targeted groups will merely register but remain non compliant in terms of remitting contributions. This problem cannot be solved by penal measures alone.
Whilst the penal measures are law, there are also a stumbling block to expanding compliance especially
among the informal sector who do not have as much information on social security.
This paper delves into this matters in detail. Download below