InBrief is designed to bring a summary of the latest research in the field of policy and entrepreneurship into easy reach. Through briefs accompanying workshops we see how research relates to entrepreneurial experiences and what policy recommendations can better enable enterprise.
EPP, conceived as a Cape Town Global Shaper Initiative, is sponsored by the Independent Entrepreneurship Group (INENG). EPP seeks to bring the voice of entrepreneurs into public policy through engagement with decision-makers. Though based in Cape Town, we have focused on issues across South Africa with a view to the continent as a whole.
Municipalities should incentivize informal trading by offering developers reduced costs if their development makes provision for informal trading opportunities. Across the country municipal budgets are tight and needs are high. By using this incentive through the market place business can offer other businesses an opportunity for trade.
An incentive of this kind would go a long way to creating an enabling environment for informal traders without adding burden to the already tight budgets across the country due to the lack of economic growth.
Ineng has emphasized the vital need to defend informal traders as part of free market efforts and liberty during our pan-African Students and Young Professionals Liberty Academy.
Ineng recognises the limited budgets and massive needs across South Africa. Further we recognise economic growth is the solution we need as the National Development Plan outlines. Ineng recommends this incentive is implemented in municipalities who have the sole power to approve new developments.
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Informal Traders Vehemently Opposed to Business Licencing Bill – Link
Read More about the Business Licencing Bill – Link