![]() The scope of this report is limited to the townships, peri-urban, and rural areas of the Eastern Cape, Gauteng, and Western Cape Provinces. 5 The World Bank estimates that only 15% of township enterprises are formally registered, compared with 30% of similar enterprises in urban areas 6, and they generally do not provide goods or services that reach larger markets or create quality jobs. 4 Additionally, these businesses tend to operate informally, with low financial and employment returns. 3 Most township businesses are necessity-based and unable to grow beyond a store front or small-scale operation. 2 Much like the rest of the country, townships are plagued with high unemployment rates. ![]() Currently there are over 500 townships in the country, whose combined land mass surpasses that of Johannesburg and Durban combined 1 and which are home to an estimated 40% of South Africa’s urban population. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |