- Published: Tuesday, 11 October 2016 10:11
- Sourced by SolutionsTeam
Cape Town – Ikamva Investment Holdings seeks to revive the Khayelitsha economy, where residents already had a disposal income sitting at R9bn in 2013, according to research by the Stellenbosch University Business School. Founder and CEO of Ikamva Investment Holdings Luvuyo Jongile told delegates the company launch that it has developed a 30-year plan for Khayelitsha, which they will present to the executive mayor of Cape Town, Patricia de Lille, in November this year. "We realised that as black people we live from hand to mouth and earning a salary is not sustainable. We want to create long-term wealth by preserving the disposal income of the township economy, starting in Khayelitsha," Jongile told Fin24.