Enhancing Cape Town’s Informal Economy: Upgraded Infrastructure and Business Training

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informal economy infrastructure Cape Town

Alderman James Vos, a prominent figure in Cape Town’s economic growth, has recently announced a series of infrastructure initiatives aimed at improving informal trading sites throughout the city. The following sections outline the City’s dedication to enhancing the informal economy, including its budget allocations, infrastructure projects, and skill development programs.

Budget Allocations

The City’s 2023/2024 fiscal year budget allocates R56 million to support infrastructure and skill development programs for local traders and entrepreneurs. Projects are planned for key areas such as Athlone, Blue Downs, and Philippi, with a focus on creating dignified and accessible locales for traders to interact with their patrons.

Infrastructure Projects

Spearheading the efforts to renovate existing sites and develop new opportunities, Alderman Vos is leading the way in streamlining the trading permit application process. The introduction of an upgraded e-permitting system will simplify the application procedure, ensuring traders can secure their permits with greater ease. Among the infrastructure projects are the upcoming [Thembokwezi Market in Khayelitsha](https://capetown.today/cape-towns-markets-a-haven-for-bargain-hunters) and a container trading market in Wallacedene, set to replace an unauthorised dumping site.

Skill Development Programs

The City recognizes that the needs of traders and entrepreneurs extend beyond infrastructure and is investing in skill development programs. Topics covered include business engagement with the City, product enhancement, and digital marketing. These efforts build on the City’s Business Hub, which has already reached out to 3,285 aspiring and established entrepreneurs through 79 workshops covering a wide array of subjects.

Success Stories

Alderman Vos emphasized the importance of the informal economy in providing livelihoods for many Capetonians, as well as facilitating access to goods and services within communities. Success stories of tangible support are already emerging, such as the Blackheath Business Hive, which has become a thriving trading hub since its official launch earlier this year. Furthermore, the Atlantis Business Hive is set to open in the coming weeks, following significant developments in the area.

Call to Action

As the City continues to review public feedback on its mobile business policy, Alderman Vos encourages traders to engage with the team and explore the various training workshops available. Registration for online sessions can be completed through the provided contact information.

The combination of infrastructure initiatives and skill development programs demonstrates Cape Town’s commitment to empowering its informal economy. By investing in both the physical and intellectual growth of traders and entrepreneurs, the City is poised to create a thriving environment that nurtures local business and strengthens communities.

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