Naspers expressed the commitment to invest in South African tech founders and entrepreneurs
Large internet group increases investments in South Africa. Source: flickr.com
CEO of Naspers SA believes that South Africa tends to be an important and growing market. That’s why the Naspers Foundry – a South Africa focused tech-business funding initiative – was established. The general commitment to it is estimated at roughly $100 million.
The main aim of the foundry is to find and develop tech-enabled businesses with the potential to become the next big leader. It will look for promising investments in South Africa’s e-commerce, internet sectors, etc. These include online classifieds, food delivery, payments, and fintech, among others.
Running a business in South Africa also means to make job creation more accessible, thus reducing the number of unemployed people.
SEE ALSO:
- African e-commerce & payments sectors in-depth study
- How to pay in India: facts on country’s payments market
- Sustainable economy: top 3 eco trends for business
