Tag: Digital Divide

Jobs of the future require new skills. However, for millions of young people in South Africa, these skills are hard to come by as countless communities lack access to crucial opportunities, which makes preparing for the new world of work an almost impossible task. 

The South African Reserve Bank increased the repo rate by 50 basis points to 4.75%, after it was previously agreed at 25bps during the May policy meeting due to the declining Rand exchange, consumers are in for a tough time. When the repo rate goes up, the lending rate goes up and the consumers' pockets are affected.

Despite how very long in the making this transition process has been, and with a lot of recent press around the switch to Digital Terrestrial Television (DTT), it is still common to find people confused by or lacking full understanding of what exactly DTT is.

Ever since the shift from stone to metal tools, the world has steadily been moving towards an increasingly digital age. However, the rate at which technological developments take place today is expanding exponentially and over the last two years digital adoption and transformation has been accelerated at a rapid pace.

The pandemic forced everyone to spend more time online than they did before. This was out of necessity because of remote working and the need to buy services and products online. A global collective of highly sophisticated networks of criminals are aware of this larger, captive online audience, and they have innovated and stepped up both the frequency and the complexity of their attacks.

We’re often told that entrepreneurship is crucial to securing Africa’s future, especially when it comes to providing the jobs the continent so desperately needs. There’s also no doubt that the continent has any number of entrepreneurial stories to draw inspiration from.

If South Africa is to successfully drive job creation and achieve sustainable economic growth, the key is to enable large corporate support for Small and Medium Enterprises (SMEs). The small business sector is instrumental to creating an inclusive economy and a better life for the previously marginalised.

Rapid technological adoption offers possibilities alongside the responsibility to ensure that it is inclusive, not manipulated by bad actors and that it is used for the greater good of society. Today, the global pandemic has brought our inter-connectedness and humanity to the fore.

In 2020, the world found itself in a state of flux. A global pandemic disrupted the world order while the digital transformation that is the 4th Industrial Revolution (4IR), with its challenges and huge potential benefits, presented a fundamental paradigm shift.

Young entrepreneurs can uncover opportunities to build and grow their businesses. As President Ramaphosa noted in a recent newsletter to the nation, young entrepreneurs are finding the 'silver lining to the dark COVID-19 cloud'.