![]() The township market is beginning to see the emergence of new players in the towing service business. The growth of this trend has also meant that major brands are looking to partner with such events. These entrepreneurs are catering to a young and trendy crowd that is increasingly looking for authentic experiences – think food, fashion and music. The market trend has caught on in many townships across the country, with many entrepreneurs launching their own food markets or cookouts catering for that market. Social events have moved outdoors with food markets being the leading contender in this market. Selebalo shares “promising sectors” township entrepreneurs should consider stepping into. Starting a business is always a risk, but pursuing one of these promising sectors can improve your odds. Kabelo Selebalo, founder at Menzion Digital, a Ekhurhuleni-based design and development agency that services township-based businesses, says that many of these trends are being driven by young upwardly mobile black professionals who are seeking greater convenience and service. This is beginning to change as more entrepreneurs look to launch businesses in previously under explored sectors which could give rise to the next million-rand enterprises. South Africa’s townships have always been a hive for entrepreneurial activity, however the over-saturation of certain sectors has affected the chances of their success. These are typically sectors with low barriers to entry and low capital requirements. This article was originally published in October 2018, due to its popularity it’s been updated with brand new township business ideas in South Africa on 18 October 2021. UPDATE: This article forms part of SME South Africa’s Township Entrepreneurship series.
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