Photo by cape town tourism
Entrepreneurial Edge
T
By Tsepiso Secker
Make
Mzoli’s
a Franchise
26
ownships are often
seen as South Africa’s
constant reminder of a
painful past; they are the
ultimate representation of economic
inequality and disenfranchisement.
This view needs to be replaced with
one that portrays South African
townships as pots of gold filled
with opportunity for competition
and economic growth. The informal
economy constitutes approximately
28% of the Republic’s overall
economy, still very high due to a
consistently high unemployment
rate, but the lowest among subSaharan countries. The impact of
such a large informal sector are,
among others, underutilisation of
resources and the abandonment
of potential tax i