Business

Technology 'will drive jobs growth'

6 October 2009

South Africa's technology sector will drive the creation of almost 2 300 new businesses and 95 000 new jobs over the next four years, according to a new study.

The study, released on Monday by global information technology (IT) research firm International Data Corporation, said most of these businesses would be small and locally owned, while the jobs would be high quality and highly skilled.

The study projects the creation of 5.8-million new jobs across the world and 75 000 new businesses in the same period, the company said in a statement.

The study looked at IT's contribution to gross domestic product in 52 countries, representing 98 percent of global IT spend.

It delved into job creation in the IT industry, employment in the software sector, the formation of new companies, local IT spending and tax revenues.

Sapa