More township entrepreneurs are set to flourish as they are prioritised in the Gauteng Provincial Government’s plans to establish sustainable and innovative businesses in townships.
This was said by Premier, David Makhura during the State of the Province Address (SoPA) at the Gauteng Provincial Legislature (GPL), on Monday, 26 February 2018.
Premier Makhura said townships were the heartbeat of the province and the provincial government was working together with township communities and investors to turn them into havens of sustainable socio-economic development and empowerment.
“Our work, as the champion of the township economy, has given rise to a serious wave of entrepreneurial activity in the townships, especially among the youth.
“The Gauteng Provincial Government and municipalities have been the leader in the country in the revitalisation of the township economies,” said Premier Makhura.
He also highlighted that the Gauteng government has helped formalise many township enterprises, channelling more than R17-billion of government spend to 4 182 enterprises since 2014.
“We continue to invest in the development of cooperatives. To date, Gauteng has 14 registered co-operative banking institutions serving over 16 000 member-owners, with over R100 million in savings and R150 million in assets,” added Premier Makhura.
In addition, he said that working with local government, the provincial government would be conducting inspections on illegal operating and mushrooming unregulated businesses.
“Many township entrepreneurs are being squeezed out of businesses by unlawfully operating foreigner-owned businesses… this is a matter we must address boldly and decisively to enforce by-laws and trading regulations,” said Premier Makhura.