The township economy looks set to become a new battleground for market share between local spaza owners, large retailers and foreign-owned supermarkets in the next few years.

This vibrant and lucrative market is valued at R400bn, equivalent to almost 8% of the economy annually, according to research done by GG Alcock, an author, marketer and brand specialist who has studied the market for almost 20 years.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.