With pots of up to R5-million each to invest in entrepreneurs, the Awethu Project looks to be a
high impact partner through a negotiated equity stake. This way, the venture capital fund has the
same incentive as the business owners to grow their businesses. It also shares the rewards.
In an effort to reduce the number of truck-related accidents on the road, South Africa's first three-dimensional truck simulator has been set up in KwaZulu-Natal. It gives drivers practical experience and training before they go out on to the road at the wheel.
Facebook wants to launch an internet-satellite that could boost internet connectivity and bring fast, reliable and cost-effective broadband to more than 14 countries in sub-Saharan Africa as early as 2016, including South Africa. People living in remote regions will benefit in particular.
Out of a 180 applications to study in China, 53 successful applicants are about to depart to the east to start their tertiary education. Along with the excitement for the opportunity, comes a sense of responsibility to be gracious guests and excellent representatives of South Africa overseas.
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