The 2021 South African Township Marketing Report published by RogerWilco, found that spaza shops contribute as much as 5.2% to South Africa’s Gross Domestic Product (GDP), employing 2.6 million people, this expanded economy of these informal convenience shops is at around R600 million in constant GDP numbers. This socio-economic isolation has resulted in the development of what, today, is considered a township economic sector containing nearly six million businesses such as kiosks, shisa nyama (barbecue kiosks), spaza shops, roadside clothes stalls, and other vendors selling a variety of goods.Īn estimate by the International Finance Corporation (IFC) puts the annual GDP contribution of the local SME sector at 34% with these enterprises employing between 50% – 60% of the total workforce. Townships today contain about half of South Africa’s urban population and 38% of its working-age citizens but as much as 60% of its unemployed according to the World Bank. Soweto, in Johannesburg, is the largest with about 2 million residents, followed by Tembisa in Kempton Park, with around half a million residents, and Katlehong in Germiston, with more than 400,000 residents. Kasi businesses remain the backbone of the South African economy, creating job opportunities in the communities.Īccording to Statistics South Africa, there are more than 500 townships with over 21 million residents.
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