City offers a helping hand to informal traders
The development of township economy is a national priority which is aimed at driving inclusive economic development in previously disadvantaged areas.
With unemployment rates soaring in South Africa, the quest for entrepreneurial opportunities remains high, albeit often hindered by financial constraints.
In a bid to bolster the township economy and support local businesses, the City of Ekurhuleni has earmarked R9m to assist tuckshop owners, spaza shops, as well as fruit and vegetable traders across the region.
“This initiative aligns with our national priority of developing the township economy, and driving inclusive economic growth in historically disadvantaged areas,” said MMC for Developmental Planning and Real Estate, Nomadlozi Nkosi.
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“Our objectives include job creation and poverty alleviation, addressing critical challenges facing our nation.”
The trading support fund stands as a pivotal intervention to accelerate social and economic progress within the identified sector, crucial for community sustenance.
For fruit and vegetable street traders, financial aid includes a R10 000 voucher for purchasing fresh produce stock, accompanied by entrepreneurial training conducted by industry experts from the Ekurhuleni Fresh Produce Market in Springs.
Meanwhile, tuckshop and spaza shop owners are eligible for a R30 000 voucher for stock procurement, along with training and point-of-sale support from designated wholesalers.
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Nkosi urged aspiring entrepreneurs, particularly young individuals, to seize this opportunity for growth.
“We recognise the challenges faced by our small business owners. Every intervention, no matter how small, can significantly impact their success and professionalism.”
Informal traders expressed enthusiasm for the grant opportunity. Millicent Mbatha, echoing the sentiments of many, remarked, “This is a chance for young people like me to secure income and pursue further education. I see it as a turning point in my life.”
Entrepreneurs seeking assistance with the application process are encouraged to visit their nearest customer care centres, where dedicated business advisers are available to provide support.
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Street traders are required to submit certified copies of identification documents, a valid trading permit, proof of address, and a letter of support from the ward councillor to StreetVendor.Support@ekurhuleni.gov.za by the closing date of May 6.
Strict adherence to application guidelines is stressed, with late submissions or incomplete documentation resulting in disqualification.
Successful applicants will be required to sign a Funding Agreement within seven days of award.
