IT Industry News. Daily.
Kathy Gibson reports – The digital platform economy could be a game-changer for South Africa, potentially adding R91,4-billion to the economy by 2035.
* Digital platforms will play an increasing role in driving economic inclusion and enhancing social protection. “But, while some users and businesses are thriving, some are still disconnected,” she adds. “The gap is not just a digital divide, but a gap in opportunity. “We believe the digital economy can become the flywheel of South Africa’s economy, driving sustained development and inclusion,” she says. “But, without decisive action, it will be nothing more than a pipedream, as we watch nations around the world harnessing the benefits of the digital economy. If we fail to address the gap, it will continue to widen.
Globally, there has been a significant shift towards digital dominance among the world’s top companies over the past decade. In contrast, South Africa’s leading companies have seen little change in composition during the same period, reflecting a more gradual pace of digital transformation which is still in its early stages.
Joel Netshitenzhe. executive director of Mistra, says: “At its core, the digital platform economy has the potential to drive inclusive and transformative growth, unlocking opportunities for millions of South Africans eager to engage in this dynamic sector. To this end, the research included multiple stakeholders from industry and business associations, government institution, digital skills providers, start-ups, SMMEs, DFIs and media.
The numbers show that only 10% of the population has access to Internet through fibre or fixed wireless access, and 80% of homes remain unconnected to broadband connectivity.” Finding 2: The demand for digital skills is growing rapidly – STEM graduates in South Africa account for just 18% of the total, compared to over 30% in innovation leaders like India, the UAE, and South Korea.* Coordinate digital skills training programmes nationally.“We are going to have to better, and double, the number of STEM graduates we produce,” says Letsoalo.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naspers sees R91-billion digital boom for South AfricaNaspers expects e-commerce and other digital platforms to inject R91.4-billion into the South African economy by 2035.
Read more »
Takealot owner expects R91-billion boom for South AfricaNaspers believes e-commerce and other digital platforms could inject R91.4 billion in the South African economy.
Read more »
Fourth Annual South African Social Media AwardsCelebrating digital excellence and honouring digital pioneers
Read more »
IMF-Ethiopia bailout: $3.4bn agreed in 'landmark' dealA financing package of $3.4bn will support the country's reform measures over the next four years.
Read more »
MTN invests in ICT skills development for women, youthThe Digital Skills for Digital Jobs programme will upskill 900 youth and women with digital and entrepreneurship training over the next year.
Read more »
South Africa’s motor industry: More than just car plantsBreaking Stories
Read more »