Guiding consumers since 2009

The Silicon Cape initiative

By Staff Writer

The Silicon Cape initiative kicked off in Cape Town last Thursday. The initiative is a new organisation that is devoted to developing a digital innovation hub in Africa. It is modelled on the Silicon Valley concept in San Francisco. Drivers of the initiative Vinny Lingham and Justin Stanford opened the proceedings with their own particular brand of tech presentation as conversation. So what is the initiative for?

 

  • Develop a digital innovation hub
  • Kick start entrepreneurs make
  • Set up a Cape VC fund for start ups

 

So what does this have to do with your money? Well at the moment not much, it is a new initiative that wants to attract digital entrepreneurs and digital investors. Investors need to make a return; entrepreneurs want to make a going concern. The initiative is focussed on providing the environment to do this. The key is apparently people. The right people in the right place at the right time. This is where your money comes in.

The Silicon Cape initiative is aimed at creating, in the Western Cape, a great environment to make money. So if you are thinking of starting up a tech company now is the time and the Cape is the place. There will be a mass of new start ups coming out of this initiative and the scope to invest in them as well as start them is wide open. However there are some major constraints including regulatory and infrastructure issues that will need to be dealt with. If you are interested in the tech sector support the Silicon Cape initiative as it will be a growth area in the years to come.

Recent Articles

Featured New homeowner? Be aware of these extra expenses

You’ve overcome all the hurdles of buying a home. You’ve managed to pay your deposit and your closing payments, and now you’re a proud title deed holder. However, there are other expenses waiting around the corner. Are you prepared?

Your biggest credit conundrums – answered

Understanding your credit health is one of the most important factors in managing your finances. This is because it gives you insight into your debt, your borrowing ability, and your financial history. While many understand this, there are still many questions on how to do just that.

Avoid debt collectors, choose debt counselling

There are two things you can do when you are struggling to pay your debt. You can either let your creditors hand your debt over to debt collectors – or you can let debt counsellors help you deal with your debt.

Retail notes: easy investment option for new investors

Being a newbie in the world of investing can be challenging because you don’t know where and how to invest. With so many investment options, you could easily be befuddled. Justmoney looks at how retail notes can help you cut your teeth in the world of investing.   

Deals

Translux Student Discount

Price: Depends on destination
When: Daily
Where: Nationwide

Zimbali Senior Citizens Discount

Price: From R1342.00
When: Until 14 December 2019
Where: KwaZulu Natal

Free meal for kids at Mozambik Restaurant

Price: Free
When: Until 15 November 2019
Where: Johannesburg, Durban, Pretoria