The role of business incubators, hubs and support networks in building successful township enterprises cannot be overstated. Related: Township Business Funding Opportunities – TREP Support networks As a result small businesses miss out on the benefits of technology such as building an online presence, increased efficiency and cost savings. Many townships are still largely excluded from fibre networks and business owners have to rely on mobile data as the only option to stay connected. Internet access is especially relevant since COVID-19. Similarly, access to IT infrastructure and basic services such as electricity or transport continue to be difficult for township-based entrepreneurs to access. Spaces such as business hubs, office spaces and other essential facilities that are necessary for the full operation of a business are often in short supply. Inadequate infrastructure poses a significant challenge that restricts township businesses’ ability to produce and deliver goods and services. Related: The State Of SA’s Township Entrepreneurship Infrastructure These range from a lack of resources and funding required to start and expand their enterprises, as well as limited access to infrastructure, expertise and support.įor a deeper look at what’s needed to fulfil the potential of the township economy – we look at three challenges that informal businesses face. South Africa’s townships are well-known for their entrepreneurial spirit despite the many hurdles township entrepreneurs face.
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