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Folweni Informal Trade Shelter receives the green light
Folweni informal trade project funded
To assist informal businesses operating in townships be financially sustainable, approval to build the Folweni Informal Trader Shelter was approved. The project will consist of 40 trading stalls and ablution facilities.

The funding application was made by eThekwini Municipality to the Informal Economy Infrastructure Development initiative.

The initiative is spearheaded by the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs who approved funding of R6 million to kick-start the project.

The approval of the funding was welcomed by the City’s Economic Development and Planning Committee at a meeting on 19 August.

Head of the City’s Business Support, Tourism, Markets, and Agri-Business Unit Thulani Nzama said they are happy to start the Folweni Informal Trader Shelter project.

“Our main goal is to develop informal traders to be commercially sustainable and recognised as suppliers of competitive services.”

Nzama said there is high economic activity where the Folweni project will be located including large retail stores, petrol stations and a taxi rank.

 “This means that traders will have access to a number of potential customers. Such development can attract other businesses to the node, which can further create economic activity which is needed in the area.” 
Phase one of the project, which will be beginning soon, will see 20 trading kiosks with sanitation facilities being built.

Nzama said eThekwini Municipality was the first metro in South Africa to develop and adopt an Informal Economy Policy in 2002 which has been able to effectively address the challenges facing informal businesses, assisting them to enter the mainstream economy.
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