South Africa looks to capitalise as digital economy set to grow - President Cyril Ramaphosa has underlined the importance of expanding digital access to help to grow the economy
Spending on public cloud services in the Middle East and Africa will grow 28% to $6.2-billion in 2022, according to Ranjit Rajan of the International Data Corporation .
“We really are in a digital first world now. If you look at consumers, enterprises, governments, all of them are prioritising digital options over non-digital. They are prioritising the building of digital capabilities across operations, customer experience, employee experience and so on,” Rajan said.
According to Rajan, spending on digital will increase significantly, with 68% of the global economy forecast to be influenced by digitisation. Growth in the digital economy, the IDC expects, will be four times the growth of global GDP, increasing at a rate of 16%.has recently underlined the importance of growing the country’s digital economy.
The treasury’s blueprint for economic growth, released in 2019, stated that the delay in the spectrum allocation process “is the single biggest constraint on the growth of the telecommunications sector and is a bottleneck for broader economic growth”., launched in 2020 as the country grappled with Covid-19 and the devastation from the resultant lockdowns, notes that the spectrum allocation is “critical to unlocking investment in communications and the digital economy”.
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