Kasi Mnotho Fund to open in November

2011, increasing from 90% in 2011 to 95% in 2022.

“The distribution of household headship between females and males is nearly equal, with approximately a 50-50 share for each. KwaZulu-Natal had the highest proportion of femaleheaded households,” Maluleke said.

More than 55 000 homeless individuals were recorded, with more males (70.1%) than females (29.9%), for both roofless and sheltered.

“Homelessness was more prevalent in metropolitan areas (74.1%) compared to non-metropolitan areas (25.9%). The City of Tshwane recorded the highest proportion of homeless persons (18.1%), followed by City of Johannesburg at 15.6%. Looking at the top five reasons for homelessness, job loss/ no income was the most cited for both males and females (41.3%), followed by alcohol and drug abuse (25%),” the Statistician-General said.

Internal migration results showed that two provinces still dominate internal migration in South Africa.

Gauteng remained the dominant migration stream, receiving more than a third of all internal migrants, followed by Western Cape with 15%.

Over the intercensal period, four provinces experienced an outflow of people, namely Limpopo, Eastern Cape, KwaZulu-Natal and Free State.

“Census 2022 showed there were more than 2.4 million international migrants, which equates to just above 3% of the total population. Most of these came from the Southern African Development Community (SADC) region (86%) and of these, 45.5% came from Zimbabwe, followed by Mozambique with 18.7% and Lesotho with 10.2%.

“The top five sending countries to South Africa were Zimbabwe, Mozambique, Malawi, Lesotho and the United Kingdom; these five countries have also maintained their rank since 2011,” Maluleke said.

The Gauteng Provincial Government (GPG) is making waves with a groundbreaking initiative designed to empower township-based enterprises in the Fast-Moving Consumer Goods (FMCG) sector.

The Kasi Mnotho Fund, a remarkable endeavor, is set to breathe new life into Gauteng’s township economy.

The R100 million fund has been made possible by contributions from the Township Economy Partnership Fund (TEPF), in collaboration with the GPG and Absa Bank.

TEPF and Absa each proudly donated R50 million, demonstrating their commitment to fostering growth in Gauteng’s townships.

Now, here’s the exciting part: this initiative is specifically aimed at boosting townshipbased enterprises within the FMCG value chain. It covers manufacturers, retailers, and distributors, all with the goal of supporting them to reach new heights and become key players in their sector.

But wait, there’s more! Starting from November 1, businesses in Gauteng’s townships can apply for funding from the Kasi Mnotho Fund.

This incredible opportunity is just around the corner, and the application process couldn’t be easier.

To be eligible for a Kasi Mnotho Fund loan, applicants must meet the following criteria:

• Be a South African citizen

• Be 18 years of age or older

• Reside and operate the business within the Gauteng Province

• Have an enterprise that has been operating for at least 6 months

• The business must be located in a township as defined in the Gauteng Township Economy Development Act (TEDA)

• The business is registered and incorporated in South Africa and has business operations in the country

• Limited to businesses with a turnover below R50 million

• Be willing to be enrolled in the Kasi Mnotho Enterprise Development Program

The Kasi Mnotho Fund is not just about financial support; it’s about realizing dreams, expanding horizons, and securing a prosperous future for township economies.

Gauteng Economic Development MEC, Tasneem Motara, calls this fund a game-changer, saying, “Initiatives such as the Kasi Mnotho Fund are game-changers that will revitalize the township economy and put it in the mainstream of the country’s economy where it rightfully belongs.”

Ronnie Mbatsane, Managing Executive for SME Business at Absa Relationship Banking, emphasized their commitment to supporting local businesses.

“We believe that by fostering long-term relationships with stakeholders, clients, and communities, we can play a meaningful role in contributing to the expansion of these businesses and improving the daily lives of individuals while empowering Africa’s tomorrow, together, one story at a time.”

Starting from November 1, 2023, township-based FMCG enterprises are invited to submit their funding applications.

Application forms are available at designated offices across all five Gauteng corridors, on our website at www.kasi-mnotho-fund. com/, and can be requested via email at app.kasimnotho@familytreeholdings.co.za.

For inquiries or assistance, our dedicated call center is ready to help at 0800 123 475 during our operating hours, from 08:00 to 16:00.

You can also send your applications through email at app. kasimnotho@familytreeholdings.co.za.

We value your feedback via email at Customercare@ familytreeholdings.co.za.

To make things even more accessible, we’ve established a WhatsApp line at 083 413 7400 for quick responses and assistance.

Join the conversation on social media using #KasiMnothoFund and #UshuniWomnotho. This is a call to action for all township-based FMCG enterprises to join us in this transformative journey.

The Kasi Mnotho Fund is a game-changer, a chance to uplift and revitalize township economies.

Don’t miss out on this opportunity to be part of a brighter, more prosperous future. Share the news, spread the word, and let’s make Gauteng’s townships thrive!