The Province will also be establishing an SME fund to provide wholesale, blended finance to intermediaries that can de-risk lending to township-based firms, including community banks. The Bill will set up procurement rules and programmatic support which will allow government and its main contractors to buy from large groups of township-based firms. MEC Parks Tau –Gauteng Economic Development, Environment, Agriculture and Rural Development. “ Our township economy bill as it becomes an act will open up the space for the economic diversification and industrialization of townships. The draft Gauteng Township Economic Development Bill intends to do just this and will change how townships are regulated and governed to transform them into zones of widespread job-creating commercial activity. The township economy has long been overlooked in both policy and legislative initiatives, despite providing many people in South Africa with their livelihoods.Ī thriving township economy is essential for the realisation of the rights to dignity and equality, and socioeconomic rights. This arises from a number of linked apartheid legacies that have had the effect of concentrating unemployment and poverty within townships. In South Africa there is significant spatial inequality in the spread of economic opportunity, with townships marginalised from the benefits of growth and constrained in their ability to contribute to growth.
0 kommentar(er)
