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 Work from home, have meetings at restaurants – the new normal?

With companies moving from static office spaces to working remotely, meetings have predominantly been held online. However, some companies have turned their attention to meeting at variable locations, such as restaurants or hotel conference rooms.

Is a home loan a great savings tool?

There are many saving and investment options available to consumers. What you decide to use is dependent on your circumstances. But should you make your home loan your choice of a savings vehicle and how does that exactly work?

Everything you should know about tax auto assessment

In 2019, the South African Revenue Service (SARS) launched a system, which was dubbed an “auto assessment”, to assist taxpayers with their annual tax returns. But what does this system entail, and how will it impact you?

What does it mean to be a registered Financial Services Provider?

You may have noticed that financial institutions state that they’re registered Financial Services Providers (FSP). But what does this actually mean, and how does this benefit you as a consumer?

Deals

Earn up to 50% of your tax return submission fee back in eBucks

Price: Available on request
When: Daily
Where: Nationwide

Be part of the Belly Of The Beast Weekday Spring Special Lunch

Price: R350
When: From 23 September 2020
Where: Cape Town

Tony’s Roma Breakfast Special

Price: R39
When: Daily
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions