Despite the fund's potential, access to financial resources in South Africa is often hindered by bureaucratic red tape. As highlighted by the entrepreneurs, compliance requirements, such as proper registration and financial documentation, exclude many businesses. Township and rural entrepreneurs often lack formal business infrastructure, such as separate bank accounts or certified bookkeeping systems, making it difficult for them to meet the eligibility criteria for such funds.
The initiative primarily targets refurbishment, training, and compliance but does little to address broader structural issues such as poor infrastructure, unreliable electricity, and market accessibility. These systemic challenges impede township businesses more than compliance-related hurdles. Training and certifications will not significantly boost businesses if fundamental obstacles persist.
Let the South africans businesses people work together with shoprite, spar, pick n pay, boxer , super save to start mini shops in townships. And employing local people to create job. About foreigners let them use their skills to manufacture petrol and sell it . N cars house cellphones. With lesser prices. Not food we heard enough about thier food .
Despite the fund's potential, access to financial resources in South Africa is often hindered by bureaucratic red tape. As highlighted by the entrepreneurs, compliance requirements, such as proper registration and financial documentation, exclude many businesses. Township and rural entrepreneurs often lack formal business infrastructure, such as separate bank accounts or certified bookkeeping systems, making it difficult for them to meet the eligibility criteria for such funds.
The initiative primarily targets refurbishment, training, and compliance but does little to address broader structural issues such as poor infrastructure, unreliable electricity, and market accessibility. These systemic challenges impede township businesses more than compliance-related hurdles. Training and certifications will not significantly boost businesses if fundamental obstacles persist.
Let the South africans businesses people work together with shoprite, spar, pick n pay, boxer , super save to start mini shops in townships. And employing local people to create job.
About foreigners let them use their skills to manufacture petrol and sell it . N cars house cellphones. With lesser prices. Not food we heard enough about thier food .