Small and medium-sized enterprises (SMEs) have a high failure rate in their early years but are responsible for approximately half of all job creation. It is therefore vital to support and develop growth entrepreneurs and help them transition into formal businesses. This is crucial for local economic development, which will be explored at the inaugural Township Economies Conference and Expo, scheduled to launch at Emperors Palace in Johannesburg from the 20th to the 21st of June 2023.

This event presents a distinctive opportunity to cultivate a culture of entrepreneurship and enable SMMEs to access skills development, leading to long-term growth and business opportunities.

The Township Economies Conference and Expo will provide a platform for SMMEs to showcase their products and services, thereby exposing them to other market sectors, and offering opportunities for government and big business procurement. Additionally, it will empower service providers to showcase skillsets, access financial mechanisms, and facilitate trade between SMMEs.

The theme for the 2023 event is "Creating Growth Entrepreneurs," and will serve as a catalyst for enterprise development, aiding the growth and development of Township Economies to deliver not only more jobs but business growth and economic activity. The event will explore support services for the informal market sector to help entrepreneurs overcome various barriers such as access to finance, limited business knowledge and skills, and limited access to capital and mentorship. It will also provide insights on access to credit and transactional facilities, asset finance, and insurance, as well as access to markets to sell manufactured products and services. More info: https://townshipeconomies.co.za