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Naspers CEO in South Africa Phuthi Mahanyele-Dabengwa told shareholders at the internet solutions giant’s annual general meeting in Cape Town on Friday that the company had great interest in finding and investing in local internet-based ventures.
Launched at the South Africa Investment Conference in October last year, Naspers Foundry is a R1.4 billion start-up fund aimed at boosting the South African technology sector.
Africa’s biggest company by market value will put R1.4bn toward local start ups, with the balance going to Naspers units including online retailer Takealot and delivery service Mr D Food.
In an age of rapid innovation, online classified publications are facing a new levels of competition. If they are to remain relevant, they must find new ways to keep their customers engaged.
Naspers announced on Wednesday that Phuthi Mahanyele-Dabengwa would lead its operations in SA in the newly created post of Naspers CEO, South Africa.
A Naspers [JSE:NPN] start-up fund has announced its first investment of R30m in online cleaning services platform SweepSouth.
Cape Town employs 40,000 people in the tech industry.
Cape TownHire ResolveR450 000.00 - R550 000.00 Per Year
Cape TownemergeR700 000.00 - R780 000.00 Per Year
MilnertonMotorelli Electric MotorsR14 000.00 - R16 000.00 Per Month
R 6 100 000
R 15 500 000
R 5 525 000
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