for subscribers

Investment in townships yielding results – Ramokgopa

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
The new data showed that Nigeria's economy grew $453bn in 2012 and expects a jump to $509bn for 2013. (Shutterstock)
The new data showed that Nigeria's economy grew $453bn in 2012 and expects a jump to $509bn for 2013. (Shutterstock)

Pretoria  Investments into the township economy are paying off as businesses are flourishing, Tshwane mayor, Kgosientso Ramokgopa, said in his state of the city address on Thursday.

The Kgora Community Bakery opened in Soshanguve in August last year was operating profitably and supplying locals and nearby shops and hospitals, he said.

A car wash opened in Mamelodi in November 2015 was being operated by a formal co-operative enterprise and there were plans to expand it to include a hairdresser, a laundromat and security services.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.12
(-0.08)
ZAR/GBP
22.01
(-0.80)
ZAR/EUR
19.95
(-0.23)
ZAR/AUD
12.08
(-0.29)
ZAR/JPY
0.16
(-0.06)
Gold
1871.84
(+0.51)
Silver
23.33
(+1.55)
Platinum
877.00
(+3.17)
Brent Crude
42.27
(0.00)
Palladium
2265.50
(+1.82)
All Share
54718.80
(+2.11)
Top 40
50578.66
(+2.08)
Financial 15
9932.20
(+5.65)
Industrial 25
73991.07
(+1.43)
Resource 10
54366.26
(+1.71)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1377 votes
It depends on how the funds are used.
73% - 8906 votes
No. We should have gotten the loan elsewhere.
16% - 1974 votes
Vote