Two thirds of South Africans live in urban areas with a significant majority in townships and informal settlements. As transport costs rise and time is squeezed people are increasingly shopping closer to home. The value of the informal economy is estimated at between R200 and R300 billion pa, with recent research suggesting that 20% of all money spent in South Africa is spent in informal stores.
Kasi businesses are everywhere; street traders, spazas, butchers, bakers and grocers, hair and beauty salons, builders, car and appliance repairers, phone shops, taverns, photographers, videographers, crèches, education and health services.
Yet business skills and marketing knowledge is almost completely lacking. Kasi Friends Kasi Talent is designed to help these businesses grow and succeed. In this way it can also help South Africa grow and succeed.