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 Personal loan or business loan? The best way to finance your business

When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s best to take out a business loan or a personal loan to assist you with your ongoing business or start-up.

What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Takealot January Big Sale

Price: Available on request
When: Until 31 January 2020
Where: Online

Annique Restore Package Special

Price: From R600
When: Until 31 January 2020
Where: Centurion

Ster-Kinekor Senior Citizens Discount

Price: Available on request
When: Daily
Where: Nationwide