ActionSA Demands Local Ownership of Spaza Shops, Supports Legal Foreign Investment

📆 04/12/2024 17:41:00
📰 ewnupdates

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Politics News

Foreign Investment,Local Economy,Spaza Shops

ActionSA, a political party in South Africa, marched in Soweto calling for spaza shops to be reserved for South Africans. The party supports legal foreign business operations but emphasizes the need for compliance with the Immigration Act, which requires foreign investors to show proof of legal entry and investment of at least R5 million.

JOHANNESBURG - ActionSA says it is not opposed to foreign businesses in the townships as long as they operate legally.

The Immigration Act says foreign nationals should invest a minimum of R5 million to start a business in South Africa.By this logic, ActionSA says the entire local economy and not just spaza shops should be reserved for locals.

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