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

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
0:00
play article
Subscribers can listen to this article
Cityscape of Alexandra Township with Sandton City skyscrapers seen in the distance.
Cityscape of Alexandra Township with Sandton City skyscrapers seen in the distance.
Getty Images

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.

But it also has a provision for business activities within township areas to be reserved for citizens and persons who have permanent residency in South Africa. This has particularly raised concerns over its constitutionality and that it would possibly ignite xenophobia.

Support independent journalism
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.77
+0.7%
Rand - Pound
19.69
-0.0%
Rand - Euro
16.65
-0.0%
Rand - Aus dollar
11.09
+0.1%
Rand - Yen
0.12
-0.0%
Gold
1,846.66
0.0%
Silver
21.76
0.0%
Palladium
1,970.00
0.0%
Platinum
958.50
0.0%
Brent Crude
112.55
+0.5%
Top 40
61,000
-1.2%
All Share
67,575
-1.0%
Resource 10
72,529
+1.6%
Industrial 25
72,948
-3.9%
Financial 15
15,746
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot