Nearly 80% of township businesses are unregistered, excluding them from finance and formal opportunities.
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GUEST – Naledzani Mosomane, Head of Enterprise and Supplier Development (ESD) at Business & Commercial Banking South Africa, Standard Bank Group.
Nearly 80% of township businesses in South Africa remain unregistered, locking them out of finance, formal markets, and digital tools that could fuel growth. Yet this informal economy contributes nearly R1 trillion in value and one in five jobs nationwide.
Naledzani Mosomane, Head of Enterprise and Supplier Development at Standard Bank Business & Commercial Banking South Africa, unpacks insights from the bank’s first-ever Township Informal Economy Report. She explores what’s holding township entrepreneurs back, how they’re innovating despite limited resources, and what it will take to move them from survival to scale
Nearly 80% of township businesses in South Africa remain unregistered, locking them out of finance, formal markets, and digital tools that could fuel growth. Yet this informal economy contributes nearly R1 trillion in value and one in five jobs nationwide.
Naledzani Mosomane, Head of Enterprise and Supplier Development at Standard Bank Business & Commercial Banking South Africa, unpacks insights from the bank’s first-ever Township Informal Economy Report. She explores what’s holding township entrepreneurs back, how they’re innovating despite limited resources, and what it will take to move them from survival to scale
