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Rebuilding Durban’s Economy

In the News Today: The eThekwini Municipality is looking to rebuild the local economy by assisting small businesses such as tuckshops.

The municipality has proposed strategic interventions in this sector to arrest the displacement of locals by foreign nationals.

In a statement, the City said its executive committee had approved, on Thursday last week, the implementation of a strategic intervention to assist and empower local tuckshop owners.

“This initiative aims to enhance local economic development, support local entrepreneurship, and ensure sustainable economic growth within the municipality. This approval comes in response to the collapse of micro-enterprises known as tuckshops, which serve basic retail needs in townships and lower-income suburbs.

“The municipality…continue reading HERE.

Economic Activities: The economy of KwaZulu-Natal is diverse, with key sectors including agriculture, manufacturing, tourism, and trade.

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