![]() ![]() In South Africa, approximately 40% of the working-age population and 60% of the country’s unemployed reside in townships. ![]() Overcoming challenges and seizing opportunities Such a collaborative effort can unlock economic potential, create jobs, reduce inequality, and empower local communities. Policymakers and the private sector should prioritize revitalizing township economies to promote entrepreneurship and small business growth. It employs nearly 75% of the working-age population and has contributed to infrastructure, research, and development investment. The private sector plays a critical role in employment creation and economic growth. The current pattern of economic growth, which falls short of generating sufficient jobs and livelihood opportunities, must nonetheless address the high unemployment levels (32.6% in Q2:2023) and income poverty. The manufacturing sector’s contribution to economic growth has declined from 22.3% in 1994 to 12% in 2022, while the services sector has grown its contribution to GDP from 57.3% in 1994 to 62.6% in 2022. ![]() The economy exhibits high concentration levels across many sectors and significant barriers to entry for micro, small, and medium enterprises (MSMEs). South Africa remains one of the world´s most unequal countries, marked by significant income disparities and an economy that lacks inclusivity for all economic agents. ![]() What can the government-and the private sector-do to stimulate growth, entrepreneurship, and employment in these peri-urban areas? Originally developed as 'labour dormitories', they have been challenging to develop as more vibrant local economies and residential areas. Nearly half the working-age population and nearly two-thirds of the unemployed live in areas designated as townships under apartheid spatial laws. ![]()
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