Western Cape government wants to grow SA's screentech sector

0:00
play article
Subscribers can listen to this article
The workshops will allow members of the ecosystem to connect with, support and challenge their peers for mutual benefit.
The workshops will allow members of the ecosystem to connect with, support and challenge their peers for mutual benefit.

The Western Cape Department of Economic Development and Tourism (DEDAT) invites startup companies operating in any facet of the ScreenTech space to take part in the upcoming Community of Practice (CoP) workshops, powered by Loudhailer and Silicon Cape. 

The first of these will be held on Wednesday, 18 November 2020, with three more taking place over the coming months.

The workshops will allow members of the ecosystem to connect with, support and challenge their peers for mutual benefit, according to a statement. The aim is to strengthen relationships between stakeholders and bolster their collective learning, while also developing a set of resources for shared benefit, advocacy and collaboration. With expert facilitation, members will develop a set of key outcomes to be achieved over the next three years. 

"Screens of all shapes and sizes have become the preferred way for people all over the world to acquire news, information, and knowledge; to entertain themselves; be productive; and connect," according to the statement. 

"From laptops, smart TVs, and navigation devices, to smartphones digital video games and smartwatches, the use of screens is on the rise, especially in the wake of the digital wave propelled by the Covid-19 pandemic."

For instance, South Africa’s video game market is growing at 5.3% and is expected to be worth US$270m by 2025, while Africa's video streaming market is set to grow five-fold. However, growth is concentrated amongst a few key players. Additionally, lack of funding for projects and studios in the region, along with a general disconnect from the global ecosystem, increases company failure rates and creates enormous barriers to entry.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.37
(-0.08)
ZAR/GBP
20.46
(+0.18)
ZAR/EUR
18.21
(+0.03)
ZAR/AUD
11.26
(-0.34)
ZAR/JPY
0.15
(+0.22)
Gold
1803.75
(-1.76)
Silver
23.07
(-1.86)
Platinum
943.00
(+1.83)
Brent Crude
45.51
(+2.15)
Palladium
2318.00
(-0.41)
All Share
57772.19
(+1.09)
Top 40
53103.91
(+1.19)
Financial 15
11706.45
(+3.25)
Industrial 25
80330.62
(+0.52)
Resource 10
52413.39
(+1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 318 votes
No, I did not.
51% - 750 votes
My landlord refused
27% - 404 votes
Vote