Jobs emergency | Informal traders get second chance

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JOHANNESBURG – A total of 180 informal traders, hard hit by last year’s looting and unrest in July, now have business banking accounts.

This thanks to a partnership between the South African Informal Traders Alliance and the Industrial Development Corporation.

READ: Unemployment stats | How can small businesses create jobs?

Aimed at job creation, the IDC’s Build Back Better campaign is a grant funding initiative.

Saita president Rosheda Muller said: “We engaged in a proposal with the IDC which we are proudly saying was successful.

“It’s a pile one and we are happy we engaged at this level because we need to prove to govt that we can with the necessary grants being made available to the informal economy workers bring about change the lives of informal traders and creating many jobs through “build Back Better.

WATCH: Plans to formalise informal businesses

“Build Back Better” is about giving the informal trader a chance to restart their business if they were affected during the looting.

“It’s about much me than funding its holistic it’s about building them stronger … we are not leaving them alone with the management of their businesses… the 180 traders have opened business accounts who were the most marginalised during the looting period.”