A new Naspers report reveals that if we go into action right now, digital platforms can inject billions into South Africa's economy.
However more needs to be done to achieve this growth, including new regulations and expanding digital infrastructure and skills locally.
The study, which Naspers calls the “first of its kind to comprehensively model the economic impact of South Africa’s digital platform economy” found that the digital transformation of South African businesses is lagging, while demand for digital skills locally is skyrocketing. The report’s findings call for the fast-tracking of high speed internet and the expansion of available digital infrastructure, the improvements of energy reliability, the introduction of new and better regulations that not only track but also support local digital platforms, enhancing the participation of small businesses and more.
Naspers is one of South Africa’s largest, if not the largest digital technology investors, owning platforms like Takealot, AutoTrader, PayU, Mr D and others. The company also has stake in Chinese technology megacorporation Tencent.
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