Tag: Township

FinanceInfrastructureTechnology

R150 Million Smart Utilities Partnership Targets Underserved South African Businesses

A strategic partnership between investment firms ALT Capital Partners and New GX Capital has launched a R150-million smart utilities initiative. The project targets small and medium enterprises in historically underserved communities with integrated utilities management solutions combining technology and innovative funding.

Major Investment in Smart Utilities Infrastructure

Investment firms ALT Capital Partners and New GX Capital have reportedly formed a strategic partnership to launch a R150-million smart utilities and infrastructure initiative, according to recent reports. The collaboration, facilitated through ALT Capital Partners’ REimagine Fund 1 and New GX Capital-funded Airnergize Ventures, focuses on early-stage disruptive utilities management businesses with significant scalability potential.

by Tyler Brooks P.E
BusinessEconomy and Trading

Township Economy Report Reveals 80% of Businesses Unregistered, Limiting Growth Potential

South Africa’s township economy faces significant growth barriers with nearly 80% of businesses operating unregistered. The Standard Bank report highlights challenges in formalization, digital payment adoption, and financial inclusion despite the sector’s R900-billion annual value.

South Africa’s township economy represents a massive yet underdeveloped economic sector facing systemic barriers to growth and formalization. According to Standard Bank‘s inaugural Township Informal Economy Report, nearly 80% of township businesses operate without formal registration, limiting their access to financial services, digital tools, and market opportunities despite the sector’s estimated R900-billion annual value.

The Scale and Significance of South Africa’s Township Economy

by Megan Carter