https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

4

R160m investment for townships – Makhura

David Makhura
David Makhura

7th October 2014

By: Sapa

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Gauteng provincial government will invest at least R160-million in revitalising and building business hubs in townships, Gauteng Premier David Makhura said on Tuesday.

"We will invest R160-million for the current financial year to build infrastructure for the township entrepreneurs to do their work properly," he told the Gauteng township economy revitalisation summit in Soweto.

Advertisement

"Many of them do their work in their homes, often making a noise and disturbing those in the house. They would like to do more work but they can't."

Makhura outlined the plans his administration had for building the township's economy. He said over the next five years, government would invest R1-billion in building and improving infrastructure for entrepreneurs to operate from.

Advertisement

He promised delegates that government would look at some of the laws hampering business growth in townships.

"We are passing laws that don't promote SMMEs," he said.

Makhura said government would lead by example and start procuring goods and services from townships.

At various feeding schemes in the province, hundreds of thousands of loaves of bread were being consumed, which should be bought from township entrepreneurs.

"Even with furniture. We are buying office and school furniture from big corporates and even foreign-owned businesses. This must come to an end. We must buy furniture from the township producers," Makhura said.

University of Johannesburg Centre for Small Business Development director Thami Mazwai called on township businesses to create an "ecosystem" that would see money circulate in their areas to ensure growth.

"Let us create an ecosystem to ensure spending power is trapped in the township."

Mazwai said Soweto residents spent more than a billion rand a year, but less than 20% of this was spent in the township.

"The money is spent in Sandton and Randburg. It is about time that the money of the people of Soweto develops Soweto," he said.

Mazwai appealed to businesses to support one another, as the socio-economic benefits accompanied by such a move were immeasurable.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za