California dreaming: Cyril wants SA’s own Silicon Valley

Business

California dreaming: Cyril wants SA’s own Silicon Valley

There is R5-trillion in the digital economy just waiting to be grabbed, says the president

Luyolo Mkentane

President Cyril Ramaphosa believes there are trillions of rand waiting for SA to “grab” if it can keep pace with the digital revolution and create its own version of Silicon Valley, the San Francisco home to the world’s largest hi-tech firms, including Apple and Facebook, as well as thousands of start-up companies.

The digital revolution called on the state to be a risk taker and be entrepreneurial, he said during his keynote address at the fourth industrial revolution (4IR) digital economy summit in Johannesburg last week. 

The 4IR is expected to merge exponential digital growth with the physical world and human biology. ..

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