Cyril Ramaphosa wants SA to create its own Silicon Valley

LUYOLO MKENTANEPresident Cyril Ramaphosa believes there are trillions of rand waiting for SA to “grab” if it can keep pace with the digital revolution and create its own version of Silicon Valley, the San Francisco home to the world’s largest high-tech firms, including Apple and Facebook, as well as thousands of start-up companies.

Ramaphosa said his administration had committed itself to a skills revolution that will give SA the human capital needed to succeed in the tech-dominated future. He noted that successful global tech companies, such as Google, enjoyed what he described as robust state funding at various points in their lives.

“Accenture anticipates that this value will materialise particularly in agriculture, infrastructures, manufacturing and financial services, with R1.4-trillion created by 2026 alone.”

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