Social Grants Boosts Local Businesses

Social grants are boosting local businesses during these ‘harsh economic times’, says Magubane

According to Khulekani Magubane, social grants paid by the state are helping retailers in township shopping centres weather tough economic conditions.

In this article titled ‘Social grants benefit retailers in township malls’, Magubane states that shopping centres in Diepsloot and Tembisa are consistently productive despite harsh economic condition because community members spend the social grant money.

Magubane quotes Futuregrowth portfolio manager, James Howard, as saying that, "...spending increased, and grant monies that may have been used by some community members kept track with inflation."

To read the article titled, “Social grants benefit retailers in township malls,” click here.

Source: 
Business Day

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