Home » Uncategorized » Building ekasi Economies; cash must bounce more than once in ekasi and remain there.

Building ekasi Economies; cash must bounce more than once in ekasi and remain there.

See on Scoop.itE corner

By Roche Mamabolo As someone who grew up in a township, my parent’s house is just behind a shop called Sibakhulu Retail Store. I loved this shop because it was very close to my where I grew up, so …

Hemis Lacala‘s insight:

Statistics highlight that Soweto has a GDP of more than R10 billion per annum. This is in terms of income/salaries that people in the township earn. However statistics also states that there is huge outflow of money from the township due to people purchasing goods and services in town instead of in ekasi, the shopping malls that open in ekasi also contribute to the outflow of cash from ekasi. The phrase often said is: like a tennis ball, money bounces once in the townships and then it goes out immediately

See on rochemamabolo.wordpress.com

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