The City of Cape Town has recently approved a zero percent increase on Informal Trading Permits for the 2023/2024 financial year. This decision is a significant move towards supporting informal traders in the city and fostering job creation and economic growth.
The city of Cape Town is suggesting changes to the Informal Trading Bylaw, aimed at allowing mobile businesses to operate on land owned by the city. The proposed amendments would also establish mobile business trading areas, decommission existing ones, recognise various types of mobile businesses, and issue permits. The draft Mobile Business Policy is part of an innovative approach to develop the regulation of mobile business operators and trading areas and is expected to support local economic development by using public spaces to support this emerging form of formal business activity.
