Tech is key to small business growth in South Africa

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Promoted | Business owners say the accelerated uptake of tech is crucial to their future success.

South Africa comes with a side serving of challenges – as anyone who does business in South Africa knows. But South African business owners are also industrious and resilient; and technology is helping them thrive in a post-pandemic world.

“South African businesses are incredibly agile and have demonstrated their ability to navigate multiple challenges time and again,” said Accelerating the implementation and use of digital technologies will help to create jobs and boost economic growth in the country and will also unlock new opportunities outside of it. “Broadening access to digital technologies opens up enormous potential for businesses,” said Farquharson. “Some industries have only just begun to explore the vast possibilities that technology, connectivity, and the internet of things herald.

One sector that is doing particularly well when it comes to embracing technology is logistics and supply chain, where the use of drones, mobile phone apps and distributed ledger technology in the form of blockchain is driving innovation. Technologies like Cloud, IoT and machine learning are further fuelling this growth.

 

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