A focus on the growth potential of South Africa's township economy

A growing focus is turning to maximising on the potential of South Africa's township economy, estimated to be worth billions of rands.

702's Sam Cowen (standing in for Azania Mosaka) spoke to head of GIBS inclusive markets programme, Tashmia Ismail, about the issue.

Listen to the interview below:

It's difficult to quantify the township economy because a lot of it is informal trade but I do suspect that there's a lot of money that is moving.

Tashmia Ismail, GIBS

Today, if you go into certain communities, you will see lots of trade going on. Diepsloot is absolutely gridlocked in the mornings and afternoons over the weekend.

Tashmia Ismail, GIBS

Executive Mayor of Johannesburg, Parks Tau, highlighted the growth of Gauteng's township economy as an area of growth for the province.

There are places for township business can go get funding but I think we still haven't grasped fully the marginalisation of this person and not knowing where to begin.

Tashmia Ismail, GIBS

For entrepreneurship to flourish, you need people who believe in themselves and encouraged to experiment.

Tashmia Ismail, GIBS

Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
[WATCH] 'I like to play with new sound'

[WATCH] 'I like to play with new sound'

Chiano Sky joined Azania Mosaka for this week's #702Unplugged.

#TravelFeature:  Zambezi Queen Collection offers unique river safari experience

#TravelFeature: Zambezi Queen Collection offers unique river safari experience

Azania speaks to the Director of the Zambezi Queen Collection, a long luxury houseboat along the banks of the great Chobe River.

Winter is coming! Here are some easy to cook tummy-warming meals

Winter is coming! Here are some easy to cook tummy-warming meals

Chef Mokgadi Itsweng explores winter foods that people should look forward to as the days get colder.

Broadcaster and analyst Angelo Fick wears many hats (but loves his home best)

Broadcaster and analyst Angelo Fick wears many hats (but loves his home best)

Azania Mosaka profiles the multi-talented eNCA political analyst Angelo Fick in this week's #FridayProfile.

How to recognise the signs and symptoms of a gaming addiction

How to recognise the signs and symptoms of a gaming addiction

Megan Hosking, Psychiatric Clinician at Akeso Clinic talks on the struggles of gaming addiction.

Find out the safest place to sit on a plane

Find out the safest place to sit on a plane

Aviation expert Linden Birns weighs in on plane safety and advances in aircraft technology and safety.

Popular articles
Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

WATCH: The EFF has scored an own goal says Eusebius

WATCH: The EFF has scored an own goal says Eusebius

Eusebius McKaiser questions the party's use of vandalism during weekend demonstrations at H&M.

I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Vavi: I can't sleep at night for making Zuma the president

Vavi: I can't sleep at night for making Zuma the president

Zwelinzima Vavi says South Africa is paying dearly for choices they've made in being angry with Mbeki and not thinking logically.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...