Trends and growth
Two South Africans, both based in Cape Town, have been added to the Forbes women to watch technology list. Their start-ups are using technology to improve the lives of others, from education to innovative business solutions.
South African retailer Woolworths is set to buy Australian department store chain David Jones for R21.4-billion (A$2.1-billion), in a deal that will create a leading southern hemisphere retailer with 1 151 stores across 16 countries.
Aspiring filmmakers in densely populated Diepsloot, north of Johannesburg, now have a real shot at making their movie dreams come true, with the opening of the first film studio in the township on Wednesday.
When it is complete, the Riversands incubation hub near the impoverished township of Diepsloot, north of Johannesburg, will be filled with small businesses benefiting from the innovative Asset-Based Community Driven Development programme.
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