The role of government and industry, through targetted social compacting, is necessary to empower T&IS to achieve their potential to contribute to SA’s inclusive economic growth and employment facilitation.
Township economic revitalisation is about transforming inherited apartheid spatial patterns, highlighted by T&IS inequities, into areas of economic activity where small and medium enterprises participate in value-addition activities.
Family Tree is identified as a strategic partner for its proven experience, inarguably, in clustering service and manufacturing enterprises to build capacity for skill and supplier development. This targetted partnership, also incorporating corporate companies such as Tiger Brands and Premium Foods, is about creating an enabling regulatory environment for business associations to reclaim back the township economic spaces through supporting self-reliance enterprises.
Of course, with more financial and non-financial support from development finance institutions, there is room for this median income to grow to a level where informal operators can pay tax.
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