Growth of township economies threatened by sloppy local councils
Competent local government needed to deliver basic services, ensure citizens’ safety and remove red tape to drive investments into the townships
07 September 2023 - 18:27
SA’s townships have vast amounts of capital derived from formal and informal economies — but failing infrastructure and dysfunctional municipalities threaten the growth potential of these localities.
JSE-listed property groups with exposure to township malls report growth in these assets and increasing demand for space from national and independent retailers seeing opportunities in the sector. ..
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