The presidency recently unveiled its draft Country Investment Strategy plan to draw more investment into SA. The stated and obvious aim is to grow businesses and create jobs, against the grim backdrop of record-breaking levels of unemployment over the past year. On the expanded definition, almost 46%We are self-evidently well beyond the point of unpacking the reasons why SA must increase investment.
We must create an enabling and skilled business environment by developing digital skills and technologies, and we must enable our current and future businesses to do business efficiently and effectively, with digitalisation and infrastructure as critical enablers.SA is far behind in the world’s digital revolution.
That is the only way we can immediately increase knowledge transfers and tax revenue, while enabling the continued digital development of our human capital. All of these would contribute substantially towards improving our country’s economic resilience in the long term. The triumphant team, “Kasi Army” won with its “Kasi Centric” solution. It uses a WhatsApp Business bot and QR code technology to scan virtual and physical customer cards. Designed to open many more payment options, it will crucially enable better data-driven business decision-making and performance. As part of its prize the Kasi Army will join the EPF Incubation Hub and also won R14,000 in prizes to start up its techpreneurial foundations.