Naspers expressed the commitment to invest in South African tech founders and entrepreneurs
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.
- 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