This study deals with the management of street traders to boost the local economy of King William‟s Town. The purpose of the study is to conduct the research on how street traders can be managed to boost the local economy of King William‟s Town. The intention is to research the challenges they have and how to improve them. To be able to conduct the study, the researcher deemed it necessary to study existing literature on Local Economic Development. The way street traders are managed presently has been investigated and analysed in order to develop recommendations for solving the challenges facing street trading in King William‟s Town. The researcher conducted interviews in the form of face-to-face discussions and scheduled interviews with street traders, municipal authorities, and the iQonce Small Business Association. The literature review and interviews enabled the researcher to develop recommendations to solve the challenges. These recommendations will be helpful to the King William‟s Town municipality. The findings of this study reveal that there are challenges in the manner in which street trading is managed in King William‟s Town. Some of the challenges are a lack of a LED policy, poor infrastructure, failure to implement decisions, lack of financial support for street traders, and underutilisation of the budget. The researcher has made some recommendations in terms of support and assistance for street traders, the formulation of a LED policy, and plans and systems needed to be put in place for the management of street trading in King William‟s Town. The researcher summarises the study by claiming that if the proposed recommendations can be thoroughly implemented, there will be some improvement in the manner in which the street traders are managed.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nmmu/vital:27147 |
| Date | January 2016 |
| Creators | Hlope, Sithabiso Patrick |
| Publisher | Nelson Mandela Metropolitan University, Faculty of Business and Economic Sciences |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis, Masters, MA |
| Format | vii, 93 leaves, pdf |
| Rights | Nelson Mandela Metropolitan University |
Page generated in 0.0018 seconds