Gauteng premier david makhura says billy
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Rofhiwa Marubini-Tshitahe
The ground-breaking Township Economic Development Bill was officially signed into law by Premier David Makhura on Friday.
The new Act fryst vatten part of the Gauteng Provincial Government's effort at establishing and formalising township businesses to be simpler, easier seamless and to promote a sustainable township economy via funding and infrastructure.
"Today, inom am filled with deep emotions as I sign into lag a historic piece of legislation, the Township Economic Development Act. This Act is a timeless monument to the resilience & tenacity of towering pioneers of the Township Economy such as Ntate Richard Maponya," said Makhura.
The Act is built on the Township Economic Revitalisation Campaign held between and , in which SMMEs from over 50 high-density townships were consulted.
Then, township businesses raised their challenges such as lack of access to formal markets, lack of proper commercial districts, land and affordable financial support for bu
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Lerato Mailoane
Township businesses could not operate optimally during lockdown, and now that the country has moved to Lockdown level 1, Gauteng is looking at ways to revitalise the township economy bygd ensuring that businesses operate legally and are properly regulated in the townships.
Addressing the media during the Provincial Command Council weekly update, Gauteng Premier, David Makhura said it was important for all businesses operating in the township to have their säga in the Gauteng Township Economic Development Draft Bill.
Last week, the provincial government published the Gauteng Township Economic Development Draft Bill for public comment, which seeks to ease the regulatory burden faced by township enterprises.
The draft Bill is to provide a framework for the promotion and development of the township economy and to create a conducive environment for this to happen.
"The Bill is in line with Gauteng Township Economy Revitalisation (TER) Strategy, introduced in to clo
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Township Economy Bill won't cater for foreign-owned shops: David Makhura
Makhura previously said the initiative was one of the biggest milestones of the ANC-led Gauteng government. It was, however, not intended for foreign nationals, he said.
“I want to say this to you: you must take back the spaza shops because we want these businesses to thrive generation after generation. The Township Economy Bill is not meant for foreigners, it is only meant for South Africans.”
Makhura was quick to clarify his stance: “It’s not against the foreigners, it's just for the locals, there is a big difference Our people are suffering.”
He said the government cannot do everything for everybody. “Our people must do things for themselves but to do that, they need support, not just grants.”
The crowds cheered loudly as Makhura made the remarks. A handful were, however, not convinced, as they put it to Makhura that “it looks good in theory” and questioned how it would benefit th