Many South African start-ups are heading overseas as funding challenges and regulatory issues stifle chances of growth.
Many South African start-ups are heading overseas.
With a background as an actuarial analyst, she said she started developing Beta-SigmaX to help young people grasp mathematics. Rwexu explained that start-ups like hers require support and funding for things, such as prototyping, product development, and testing."I felt that my start-up was actually embraced more in the UK than it was in South Africa," she said.From there, the platform has grown and it is being used around the world.She is not alone in her effort to grow her start-up, according to Mofalefa Mohoto, the acting deputy director-general of the Department of Small Business Development .
The head of policy and regulatory affairs at the Southern African Venture Capital and Private Equity Association , said in the, venture capital investment in South Africa decreased slightly in 2021 from highs in 2020.
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