South Africa to get second stock exchange

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.

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Awethu Project invests in South African entrepreneurs

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.

South Africa's first: truck driving simulation

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 developing satellite internet for Africa

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.