Gift an article

Venture capitalism and the Tesla lesson: Towards an African Silicon Valley?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Like their Silicon Valley counterparts, Africa’s VCs will go on to enjoy the fruits of their faith when those innovative companies eventually go to IPO. Picture: iStock
Like their Silicon Valley counterparts, Africa’s VCs will go on to enjoy the fruits of their faith when those innovative companies eventually go to IPO. Picture: iStock

VOICES

Tesla, the American electric vehicle and clean energy company founded by the eccentric technopreneur Elon Musk, has officially surpassed Japan’s Toyota to become the most valuable automaker globally by market cap.

But Tesla’s story is as much a result of relentless love for science as it is a capitalist ingenuity from which Africa can learn.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
2022 Fifa Qatar World Cup
DAYS
HRS
MINS
MORE WORLD CUP NEWS
Latest issue
Latest issue
All the news from City Press in PDF form.
Read now
Voting Booth
As the country marked Fraud Awareness Week from November 13 to 19 ahead of Black Friday, the Southern African Fraud Prevention Service has warned people about the risk of fraud on social media. What measures have you taken against fraud if you'll shop online?
Please select an option Oops! Something went wrong, please try again later.
Results
Nothing, I will shop in-store
53% - 72 votes
I have done my homework and will shop on trusted sites
38% - 52 votes
Not much. I'll get the best deals online and hope for the best
9% - 12 votes
Vote