DADA MORERO: Mainstreaming inclusive investment using the Gauteng Township Economic Development Act

A view of the Orlando Towers in Soweto, Johannesburg. The writer explains why he advocates for public-private partnerships as a means to provide true redress. Picture: 123RF/NICOLAAS DE CORTE

However, these lofty economic revival goals will remain a pipe dream if the stipulations of the Act are not integrated into the development policy framework of municipalities, hence this treatise proffering practical steps Johannesburg can implement to realise a better economic life for the city’s townships within the ambit of the Act.

While Johannesburg may not necessarily participate in the financial investment fund through direct cash transfers, the city can participate in the financial investment programme indirectly by adopting measures aimed at alleviating the financial burden on township-based businesses and active self-employed township dwellers involved in local commerce.

Practical measures the city should adopt to stimulate the supply side include generous issuances of municipal trading licences, reforming old order bylaws that have for years discouraged informal trading by imposing restrictive strictures around informal commerce, stopping municipal police officers from harassing street traders, converting unused municipal buildings located in townships into commercial business workshops, and by providing security to township business investments.

This is especially so for township co-operatives, township-based agribusinesses, manufacturers of every hue, medical suppliers, transport providers , building constructors and retailers. It

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DADA MORERO: Mainstreaming inclusive investment using the Gauteng Township Economic Development ActAct aims to engineer commercial rejuvenation and economic inclusion for various Gauteng townships and informal settlements
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