Nearly 80 per cent of township businesses in South Africa remain unregistered. That's one of the findings in Standard Bank's first Township Informal Economy Report, titled "Powering Growth from the Ground Up." In South Africa, a "township" refers to an urban residential area that was originally established during apartheid to house Black communities, often on the outskirts of cities and towns. Today, these townships - such as Soweto, where the report was launched have evolved into vibrant hubs of entrepreneurship, creativity, and economic resilience. The report highlights how these areas represent some of the country's most dynamic yet underserved markets. Thuto Ngobeni compiled this report

<p>Nearly 80 per cent of township businesses in South Africa remain unregistered. That's one of the findings in Standard Bank's first Township Informal Economy Report, titled "Powering Growth from the Ground Up." In South Africa, a "township" refers to an urban residential area that was originally established during apartheid to house Black communities, often on the outskirts of cities and towns. Today, these townships - such as Soweto, where the report was launched have evolved into vibrant hubs of entrepreneurship, creativity, and economic resilience. The report highlights how these areas represent some of the country's most dynamic yet underserved markets. Thuto Ngobeni compiled this report</p>