The Money Tree Magazine 1st Issue | Page 29

Fruit vendors, meat sellers, car washes and spaza shops (mini convenience stores) are all enterprises that are commonly found in townships. Mzoli’s Place – a hot tourist and local’s destination point for “braaied” meat and social gatherings – started as one such township venture in Cape Town’s Gugulethu in 2003. The owner, Mzoli Ngcawuzele, started cooking and selling meat from his backyard with just R2,000 as start-up capital. With the increasing popularity of his business, he acquired a loan from the South African Development Bank. These new funds enabled Ngcawuzele, better known as Mzoli, to become the meat mogul that he is today. In addition to running the enterprise that is Mzoli’s Place, development were outlined. Issues such as township residents not working and spending in their residential areas were identified. Also discussed was the victimisation of township entrepreneurs that used to occur in the townships before South Africa’s political transition. Before the mid-1990s, the ANC was strongly identified with communist ideology. This created a threat against all potential entrepreneurs in townships as they represented a capitalist approach which did not coincide with the powerful ANC movement at the time. This, along with the repressing economic structures of the National Party, created potholes in township enterprise. However, in the last 10 years there has been an increase in efforts “Bringing people together from all walks of life through a piece of meat.” Mzoli is also a big stakeholder in the one of the few malls in Gugulethu, Gugulethu Square. Mzoli is not the only one to get involved in township development. Richard Maponya, owner of Maponya Mall in Soweto, has also invested millions into what is fast becoming a money tree for Soweto residents. Maponya Mall has more than 150 stores and employs more than 1,800 people. Initiatives such as Maponya Mall keep income and expenditure in Soweto, further enriching the community. At the University of Johannesburg conference themed “Transforming Black Townships Into Economic Powerhouses” in 2010, problems that deter township to support Small and Medium Micro Enterprise (SMME) development. Initiatives such as the Gauteng Township Enterprise Hubs (TEHs), which launched in 2012, and the Youth Entrepreneurship Development Programme are specifically designed to counter youth unemployment by encouraging and financing small enterprises. Another venture is the Gauteng Enterprise Propeller, which has announced that it intends to produce at least 1,000 new businesses that are youth-owned in the 2013/14 fiscal year. The reason the focus is directed mainly towards the youth is that they form the bulk of the unemployment Photos by Chris Kirchhoff/MediaClubSouthAfrica.com 27