More stall space for traders

2016-03-22 06:00

An informal trading plan for the CBD has received backing from the City of Cape Town’s Mayoral Committee.

At a recent meeting, the committee recommended that the council approve the amended informal trading plan for subcouncil 16.

If approved, the number of informal trading opportunities increase by 170 bays (“Trading places”, People’s Post, 16 August 2015).

The informal trading spaces for ward 77 include the Grand Parade, St George’s Mall, Greenmarket Square and surrounding areas.

The informal trading sector provides a valuable contribution to the economic and social life of the city, says Garreth Bloor, Mayco member for tourism, events and economic development.

The number of informal trading spaces in the area has been increased from 430 to 599. There will be 200 trading bays in Greenmarket Square, 110 in St George’s Mall and 289 bays across the CBD in economically attractive areas.

Day traders will be able to trade daily from 06:00 to 18:00, while night traders will be able to trade the rest of the time.

“Informal trading plays a vital role in creating much-needed employment and economic opportunities.

“This sector is a crucial part of our economy and the City’s economic development department must invest in this sector so that it benefits both informal traders and the public,” he says.

Once an informal trading plan is approved by the council and implemented, the City monitors the demarcated sites to ensure that traders comply with the City’s bylaws and permit conditions.

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