OPINION | SA is missing an obvious route to economic growth | Fin24

Last year, African tech startups raised a record almost $5.2 million in venture capital. Innovation investment can kindle wide-reaching multiplier effects on economic growth.

Last year, African tech startups raised a record almost $5.2 million in venture capital, a 50% increase over to the previous year and approximately nine times the value of what was raised five years ago.

State-run innovation investment can kindle wide-reaching multiplier effects on economic growth, writePresident Cyril Ramaphosa, in the Nasrec ANC policy conference, continued to profile the work done through the Black Industrialist Programme in the state's pursuit to reignite and accelerate state support innovation and reindustrialisation.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.

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