Tech revolution will create jobs, not take them - Naspers SA CEO

accreditation
0:00
play article
Subscribers can listen to this article
In 2019, Naspers launched Naspers Labs, a development programme that provides young people with the training and skills to pursue tech careers.
In 2019, Naspers launched Naspers Labs, a development programme that provides young people with the training and skills to pursue tech careers.
Getty Images

Technological developments and automation may threaten some jobs, but likely more jobs will be created than lost, South Africa CEO of Naspers Phuti Mahanyele-Dabengwa has said. 

Speaking during a virtual session by the BRICS Business Forum on leveraing digital technologies for better governance and higher growth, Mahanyele-Dabengwa said economic growth could be unlocked by allowing citizens to participate in an increasingly digital world. 

She argued that technological developments and automation were an opportunity for job creation, pointing out that in South Africa in particular, there needs to be an accelerated growth of the internet sector. The unemployment rate is at a record of 32.6%.

"We need greater connectivity for inclusivity," said Mahanyele-Dabengwa. Leaving people behind means losing an opportunity for economic growth, she said.

One way to make sure there is inclusivity is to put in place digital skills programmes. In 2019, Naspers launched Naspers Labs, a development programme that provides young people with the training and skills to pursue tech careers, Fin24 previously reported.

Mahanyele-Dabengwa said it is especially important for South Africa's young population to have the digital skills and participate in work-readiness programmes.

She explained that digitisation can assist small, medium and micro-enterprises (SMMEs) in accessing markets. Naspers is focusing on helping SMMEs grow and has launched a R1.4 billion investment vehicle for early stage tech companies. It has made available R400 million for seven companies in South Africa.

"Technology can transform our economies, create jobs and boost growth and make possible the transition to a more sustainable and equitable society," Mahanyele-Dabengwa said.

She noted government's plans to release more spectrum to ensure greater connectivity. This would support the roll out of internet products, she said.

"I think as a continent, Africa needs more private-public partnerships to accelerate economic growth and harness the potential that the fourth industrial revolution brings, for the future of the large and growing population of young people, of working age," she said.

*Fin24 is part of Media24, a subsidiary of Naspers.


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
Rand - Dollar
14.58
+0.2%
Rand - Pound
20.10
+0.2%
Rand - Euro
17.16
+0.1%
Rand - Aus dollar
10.66
-0.0%
Rand - Yen
0.13
+0.4%
Gold
1,761.56
+0.5%
Silver
22.96
+0.3%
Palladium
2,026.50
-0.3%
Platinum
946.50
+1.1%
Brent Crude
75.67
+0.3%
Top 40
57,068
-0.1%
All Share
63,299
-0.0%
Resource 10
57,915
-1.5%
Industrial 25
81,239
+1.1%
Financial 15
13,920
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
What potential restrictions on unvaccinated South Africans may make the biggest difference to public health, the economy?
Please select an option Oops! Something went wrong, please try again later.
Results
Limited access to restaurants and bars
10% - 40 votes
Limited access to shopping centres
17% - 71 votes
Limited access to live events, including sport matches and festivals
27% - 113 votes
Workplace vaccine mandates
46% - 191 votes
Vote