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Ban on foreigners from opening township businesses will be 'devastating' for SA economy

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Cityscape of Alexandra Township with Sandton City skyscrapers seen in the distance.
Cityscape of Alexandra Township with Sandton City skyscrapers seen in the distance.
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If foreign nationals are barred from opening businesses in townships - as proposed in a draft bill from the Gauteng provincial government - it would have a "devastating" impact on the South African economy.

The Gauteng Township Economic Development Draft Bill released last month, puts forward plans to develop township economies with proposals such as an establishment of a fund and promoting procurement from township enterprises, News24 previously reported.

"It is literally legitimising xenophobia," said Bob Currin, CEO and founder of information company AfricaScope, which researches townships. Foreign nationals often work together - buying stock in groups and then distributing it among themselves for sale at lower prices; the affordability of their goods was also why they get "persecuted", he said.

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