South Africa is to get its second stock exchange, after the Johannesburg Stock Exchange has
dominated trading in the country for more than a century. ZAR X has been given a licence to
operate, and it plans to be up and running in September.
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.
More stories from this section...