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EKASINOMICS – Ekasi Spaza shop stokvel

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GUEST – Mbongeni Sangweni - Spaza Shops Stokvel founder

Spaza shops contribute up to 5.2% to the country’s GDP, employing 2.6 million individuals, according to the South African Township Marketing report published in 2021 by digital marketing agency, Rogerwilco. Spaza shops have been part and parcel of the township's economic landscape for a long as there have been townships, taking the form of house shops and growing to container stores and mini-marts. They are a big part of the business heritage of South Africa. This is what motivated Spaza Shops Stokvel founder Mbongeni Sangweni to start his initiative, which looks to take spaza shop ownership to the next level.
30 Mar 2023 4PM English South Africa Business News · Investing

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