subscribe Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Subscribe now
This edition of Township Economy is a trove of information for township businesses. Picture: Sunday Times/123RF/KARANDAEV
This edition of Township Economy is a trove of information for township businesses. Picture: Sunday Times/123RF/KARANDAEV

In the 1980s, SA produced 50% of the world’s gold, but those days are gone. However, the premier of Gauteng, the country's economic powerhouse, is championing the township economy as the country’s new gold.

With a focus on the township economy, SA could potentially address one of its most pressing issues: unemployment, especially among the youth. This requires integration, capacity-building and collaboration among various entities, including the government, private sector, communities, and nonprofit organisations.

In this issue of Township Economy, we go to the townships to identify some businesses that testify to the idea that the township economy is indeed the new gold. We discover how Shape Café in Sebokeng is giving township ideas a place to congregate, MTN is investing R2.2bn in townships to boost participation in the digital economy and create connected communities, and Tiger Brands’ Route-to-Market initiative is bringing stock closer to spaza shops and helping owners to spend most of their time selling as opposed to travelling long distances to buy stock.

Our exploration also delves into the Gauteng Economic Development Act, a legislative effort to bolster the township economy. This act offers tangible government support, such as tax incentives, market access and preferential procurement. Additionally, we shine a spotlight on the Small Enterprise Development Agency’s Township and Rural Empowerment Programme. This programme is a lifeline for vulnerable small businesses, providing them with training, mentorship and crucial access to funding.

This issue is a treasure trove of information for township businesses, equipping them with the knowledge and resources they need to thrive.

Busani Moyo, editor

 

Browse through the full magazine below (zoom in or go full screen for ease of reading):

subscribe Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Subscribe now