Gauteng challenges Silicon Cape as Start-Up Capital
The Western Cape might still be the most popular region in South Africa in which to run a tech startup, but the province is losing ground to the country’s richest province – Gauteng. In addition, the number of black tech startups is on the rise. The rise in Gauteng tech startups appears to be driven by the increasing number of tech entrepreneurs who are black (black African, coloured, Indian or Chinese South African), and who now make up half (50%) of the country’s tech startup founders, up from 26% in the 2015 survey.
The survey also reveals that while South Africa may have seen an explosion in venture capital (VC) deals of recent.
Source: Ventureburn
