Latest news with #EconomicRevitalisationStrategy
eNCA
17-05-2025
- Business
- eNCA
Tshwane Mayor talks challenges and growth plans for the metro
JOHANNESBURG - The City of Tshwane is facing an jobs crisis. It has a staggering 37,8% unemployment rate, mainly affecting young people. Now the metro plans to use R98 million of its budget to formalise 502 informal settlements, and allocate an additional R400 million to provide them with water and electricity. Despite the seemingly daunting challenge, Mayor Nasiphi Moya, is confident the city's Economic Revitalisation Strategy will help make a dent in unemployment. She hopes to grow the local economy to 3,9% by 2029.
IOL News
08-05-2025
- Business
- IOL News
Tshwane's unemployment crisis: Mayor Moya's vision for economic revitalisation
Mayor Nasiphi Moya wants to tackle youth unemployment through the Economic Revitalisation Strategy. Image: Supplied / City of Tshwane The City of Tshwane is facing a dire situation, with a staggering 37,8% unemployment rate, predominantly affecting young people. This was highlighted by Mayor Nasiphi Moya at the launch of ActionSA's initiative at the Apartheid Museum this week, aiming to reshape South Africa's economic agenda for lasting change. Despite the seemingly daunting challenge, Moya expressed confidence that the city's Economic Revitalisation Strategy can help reduce unemployment by growing the local economy to 3,9% by 2029. She highlighted widespread poverty, service backlogs, and neglect in certain regions, as well as the marginalisation of informal settlements and townships from growth centers and essential services. According to her, meaningful transformation requires tangible action in cities, making them more equitable, inclusive, and responsive to people's needs, rather than just relying on speeches and policy statements. Since taking office in November last year, she emphasised the need to build a city that serves everyone, not just the privileged few, requiring a fundamental shift in investment, budgeting, and measuring success. 'Central to this is the implementation of a bold yet practical Economic Revitalisation Strategy to grow Tshwane's economy to 3,9% by 2029. This strategy effectively gives expression to this party's call for truly Inclusive Economic Empowerment. A policy proposal that advocates for the inclusion of all people who have been left out of the economy since 1994 and before,' she said. Moya explained that the strategy is about creating jobs and restoring dignity, not just numbers on a spreadsheet. 'It is about people like a young woman from Hammanskraal, who dreams of finding work in a city that believes in her future,' she said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ The revitalisation strategy is built on six key pillars, which include investment attraction, infrastructure delivery, township and Small Micro Medium Enterprise development, innovation and skills, land and property activation and a more supportive regulatory environment Moya said: 'We are unlocking development corridors, fast-tracking high-impact projects, and putting city-owned assets to productive use – from Wonderboom Airport to the Tshwane Fresh Produce Market and the Rooiwal power station.' Her administration, she said, aims not only to attract investment but also to ensure it is distributed more equitably
IOL News
01-05-2025
- Business
- IOL News
Tshwane's initiative to boost employment through expanded business support centres
City of Tshwane's MMC for Economic Development and Spatial Planning, Sarah Mabotsa, wants to increase the number of its business support centres in partnership with the Small Enterprise Development and Financial Agency. Image: Supplied / City of Tshwane The City of Tshwane plans to increase the number of its business support centres in partnership with the Small Enterprise Development and Financial Agency under the National Department of Small Business Development, to tackle unemployment and support informal economies. This initiative builds on recent efforts, where over 1 000 small business representatives, 75 young entrepreneurs, 28 cooperatives, and 23 aspiring exporters received support services in February and March, as part of Tshwane's job creation push. Sarah Mabotsa, Tshwane's Member of the Mayoral Committee for Economic Development and Spatial Planning, said expanding business support centres is part of the city's strategy to boost economic growth and intensify support for small businesses. She said: 'As we and the majority of the world celebrate Workers Day on May 1 this year, we must also acknowledge that there are many people in our city and country who do not have access to the dignity of employment or the ability to be able to provide for themselves and their families.' She painted a dire unemployment situation in Tshwane, where more than one in three job seekers cannot find work. 'This is why we must grow the formal and informal economies and expand the number of employment opportunities for our residents' she said. She cited the city's Economic Revitalisation Strategy, which aims to create at least 80 000 new jobs in Tshwane's economy by 2029. 'This jobs target can be achieved by enabling faster economic growth in the metro and specifically by supporting growth in the 10 targeted priority economic sectors that can increase the capital city's economy and the number of jobs the fastest,' she said. She described the strategy as a roadmap to achieving economic growth. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ 'The informal sector and township economy has been identified as one of the strategy's 10 priority economic sectors for support to enable enhanced growth in our city,' she said. The strategy involves supporting the informal and township economies by registering small businesses, providing training, raising awareness of relevant laws and regulations, and offering facilities, capacity building, and enterprise support systems. She added that her department will continue to provide and expand the support to small businesses in Tshwane.
