The City of Cape Town announced an R118.5 million investment in informal trading sites to boost the local economy.
The City plans to refurbish several existing informal trading sites in Mitchells Plain, Athlone, Happy Valley and Seaforth in Simon’s Town while new opportunities will be developed in areas including Masiphumelele, Durbanville and Elsies River.
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Currently, two key projects in the execution phase include trading spaces in Eversdal and Kuils River, as per a municipal statement. Infrastructure improvements at these sites include asphalt surfacing and paver installations for amenities such as gazebos and retaining walls.
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This is expected to improve trading conditions for traders who previously struggled with operational disruptions such as inclement weather. These changes will result in 31 demarcated trading bays.
In addition, the City plans to build more trading bays to advance entrepreneurship and economic activity.
‘Our initiatives are carefully designed to empower traders, facilitate easier access to the formal economy and enable business owners to scale their businesses more effectively,’ says James Vos, the City’s Mayco member for economic growth.
‘Projects such as these form part of our comprehensive strategy to enhance the informal trading landscape and to create the conditions necessary for business to thrive and grow, and reflect the City’s broader commitment to economic inclusivity and growth.’
To learn more about the City’s training programmes, email [email protected] or visit www.capetown.gov.za/businesshub.
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Picture: City of Cape Town / Facebook