South African tech industry experiences significant market growth

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It’s one of the fastest-growing industries, but what are the reasons for this success?

It’s said that Africa is in the midst of a tech revolution, with certain countries displaying unparalleled growth. In particular, South Africa has proven itself as an increasingly reliable revenue generator and technological innovator, leading the way in the disruptive delivery of services such as mobile software, electronic banking and security software.

Digitalisation has played a key role in recent market growth in the country, with more South Africans now using smartphones and high-speed internet than ever before. At the beginning of this year, there were around 43.8 million internet users in ZA, with a total internet penetration rate of 72.3% of the population. This signifies an increase of around 357 000 people in 2022.

to players in the country, there are plenty of reasons to be excited about the future of the South African tech sector. Perhaps most notably, this includes emergingthat could see the African continent as a whole gain world-leading status as a hub for the manufacturing of vaccines. The reputation of the country’s tech sector has been steadily attracting a wider range of offshore iGaming operators and even the investment of tech giants like Google.

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