South African scale-ups grow 40 times faster than national economy, creating jobs and attracting capital
By
Gadget Staff
Summary
South Africa's economy is projected to grow at around 1% this year, but a group of locally founded high-growth companies supported by Endeavor South Africa are expanding at more than 40 times that rate. These 'scale-ups' are creating quality local jobs, attracting capital, and scaling into global markets from their South African roots. The businesses leverage technology to solve mass market problems in financial access, education, logistics, and digital infrastructure.
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bskySouth African scale-ups grow 40 times faster than national economy, creating jobs and attracting capitalgadget.co.zaKey quotes
· 3 pulledWhile South Africa's economy is expected to grow by around 1% this year amid persistent unemployment, constrained investment conditions and uncertain geopolitics, a group of locally founded high-growth companies is expanding at more than 40 times that rate.
These companies form part of Endeavor South Africa, the local chapter of the global organisation that supports high-impact entrepreneurs through access to markets.
These businesses use technology to solve mass market problems around financial access, education, logistics, and digital infrastructure.
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