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