{"id":11967,"date":"2024-10-28T07:23:06","date_gmt":"2024-10-28T07:23:06","guid":{"rendered":"https:\/\/www.investcapetown.com\/?post_type=press-releases-event&#038;p=11967"},"modified":"2025-04-29T18:44:30","modified_gmt":"2025-04-29T18:44:30","slug":"citys-informal-trading-infrastructure-projects-gather-pace","status":"publish","type":"press-releases-event","link":"https:\/\/www.investcapetown.com\/fr\/press-releases-event\/citys-informal-trading-infrastructure-projects-gather-pace\/","title":{"rendered":"City\u2019s informal trading infrastructure projects gather pace"},"content":{"rendered":"<h1><strong>City\u2019s informal trading infrastructure projects gather pace<\/strong><\/h1>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong><em>The City\u2019s Economic Growth Directorate is investing in developing and revitalising markets and other informal trade infrastructure in various areas to help boost business for informal traders and grow the local economy. Recently Mayoral Committee Member for Economic Growth, Alderman James Vos, visited the Wallacedene Gateway Market where major upgrades are under way.\u00a0Read more below:<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The Wallacedene Gateway Market, at the corner of Botfontein and Boesak Roads in Wallacedene, Kraaifontein, involves the construction of infrastructure, including water and electricity connections.<\/p>\n<p>&nbsp;<\/p>\n<p>\u2018The proposed development will see 26 shipping containers modified into shops, a braai area, stage, refuse and parking area, ablution facilities, and fencing around the market boundary. This will open up numerous job opportunities in the broader community and fulfil our mandate of creating accessible facilities for traders,\u2019 said Alderman James Vos, Mayoral Committee Member for Economic Growth.<\/p>\n<p>&nbsp;<\/p>\n<p><img data-opt-id=1338323004  fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-11970 size-large\" src=\"https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1024\/h:768\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3.jpeg\" alt=\"\" width=\"1024\" height=\"768\" srcset=\"https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1024\/h:768\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3-scaled.jpeg 1024w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:300\/h:225\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3-scaled.jpeg 300w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:768\/h:576\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3-scaled.jpeg 768w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1536\/h:1152\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3-scaled.jpeg 1536w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1920\/h:1440\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-3-scaled.jpeg 2048w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The Wallacedene Market is one of many informal trading areas being revitalised, with other projects in progress in Pelican Park and Simons Town. Upcoming developments and upgrades are planned for Bo-Kaap, Masiphumelele, Khayelitsha, Kuils River, and Gatesville. These developments and upgrades are designed to modernise facilities, improve safety, and make trading more efficient and manageable.<\/p>\n<p>&nbsp;<\/p>\n<p>The upgrades are part of a raft of support measures from the City for Cape Town\u2019s informal traders. In June, Council approved a 30% cut in Informal Trading tariffs for the 2024\/2025 financial year.<\/p>\n<p>&nbsp;<\/p>\n<p>\u2018The reduced tariffs mean more money for traders to buy stock or otherwise support their growth plans, ultimately resulting in more money circulating in the communities they serve,\u2019 said Alderman Vos.<\/p>\n<p>&nbsp;<\/p>\n<p><img data-opt-id=589386881  fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-11971 size-large\" src=\"https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1024\/h:768\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2.jpeg\" alt=\"\" width=\"1024\" height=\"768\" srcset=\"https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1024\/h:768\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2-scaled.jpeg 1024w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:300\/h:225\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2-scaled.jpeg 300w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:768\/h:576\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2-scaled.jpeg 768w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1536\/h:1152\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2-scaled.jpeg 1536w, https:\/\/mlourzeiexfv.i.optimole.com\/cb:0E_F.e2b\/w:1920\/h:1440\/q:mauto\/f:best\/https:\/\/www.investcapetown.com\/wp-content\/uploads\/2024\/10\/Wallacedene-2-scaled.jpeg 2048w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>In addition to the infrastructure projects, the Business Hub \u2013 part of the City\u2019s Department of Enterprise and Investment \u2013 provides ongoing skills development programmes to traders. The programmes include a variety of business educational workshops including, amongst others, workshops on Budgeting Fundamentals, an Introduction to Marketing and Sales, Supervisory Skills and Managing Teams, and Business Improvement.<\/p>\n<p>&nbsp;<\/p>\n<p>To find out more about The Business Hub\u2019s offerings, visit <a href=\"https:\/\/www.investcapetown.com\/fr\/news-events\/business-events-in-cape-town\/\" title=\"https:\/\/www.investcapetown.com\/news-events\/business-events-in-cape-town\/\">https:\/\/www.investcapetown.com\/news-events\/business-events-in-cape-town\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>\u2018These ventures all speak to the City\u2019s commitment to supporting Cape Town\u2019s informal economy, which is a key contributor to economic growth, providing goods and services to communities, and most importantly, in sustaining livelihoods for people and their families,\u2019 said Alderman Vos.<\/p>\n<p>&nbsp;<\/p>\n<p>For more information on the City\u2019s informal market projects, traders can email <a href=\"mailto:In**************@**********ov.za\" data-original-string=\"AE5tJh4ZIzjPf\/hAUsKR+g==8e0E9qoIripvwvh3ePDzUaoNQiu2Q0ZpApg1z94X1lytO95AjqJ7Mv4Nlo8nUSL5FOV\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"><span \n                data-original-string='rDZNItqfyjVr8zMpXmIQBg==8e0Hr5ZiAObkN7HEZVJxPKEfqDOVc9PvodPJDyv9rJomMNIsaIGTNGy0bkIFbXCxm2v'\n                class='apbct-email-encoder'\n                title='This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.'>In<span class=\"apbct-blur\">**************<\/span>@<span class=\"apbct-blur\">**********<\/span>ov.za<\/span><\/a> or visit <a href=\"http:\/\/www.capetown.gov.za\/businesshub\" title=\"www.capetown.gov.za\/businesshub\">www.capetown.gov.za\/businesshub<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>City\u2019s informal trading infrastructure projects gather pace \u00a0 The City\u2019s Economic Growth Directorate is investing in developing and revitalising markets [&hellip;]<\/p>\n","protected":false},"featured_media":11968,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categories":[74,75],"tags":[84,96,88,81],"class_list":["post-11967","press-releases-event","type-press-releases-event","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events","category-press-releases","tag-alderman-james-vos","tag-ease-of-doing-business","tag-economic-growth","tag-the-business-hub"],"acf":{"banner_title":"<em>Press Release<\/em>","latest_news_blocks":"","key_banner_image":11969},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Speeding Up Trading Infrastructure | News | Invest Cape Town<\/title>\n<meta name=\"description\" content=\"Read how Cape Town is accelerating the progress on infrastructure projects to support informal traders. 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