Township businesses are often interesting, representing some of the best of our entrepreneurial talent. But, let us not romanticise the township entrepreneurial experience – it is tough running a business successfully in a township for a variety of reasons, including that our cities were designed to keep townships out of the mainstream economy. The Gauteng Department of Economic Development has been running an enthusiastic campaign to support township enterprises. The latest intervention is to ecognise and reward entrepreneurial talent in township settlements whilst building and cementing confidence in township based businesses. From the competition website, they outline the intent in further detail:
As big business and large enterprises downsize, the role of entrepreneurs and SMME’s continues to gain momentum as positive and significant contributors to the growth and development of the South African economy and reduction of unemployment, poverty and inequality. The Township Entrepreneurship Awards (TEA’s) are one of the Gauteng Department of Economic Developments’ initiatives in answer to this call and the specific mandate to revitalize the Gauteng City Region townships’ economy.
The main objective of the awards is to recognise and reward entrepreneurial talent in township settlements whilst building and cementing confidence in township based businesses. Equally important is the impact that the awards will have in changing negative perceptions about township based businesses as well as encourage and inspire township entrepreneurs to realize the conceivable economic gains for communities within which they operate.
Key objectives of hosting the Township Entrepreneurship Awards:
– To revitalize the Gauteng township economy, by drawing public attention towards township businesses and their successes
– To unlock business opportunities in the townships and inspire investor confidence
Nominees will participate in a fourteen-part reality television series that will see the entrepreneurs going through a series of real and practical business experiences intended to sharpen and enhance their business skills. The various category winners will be revealed at the awards gala ceremony.
For more information,