What financial support for Black-owned businesses
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GUEST: Nobesuthu Ndlovu, Old Mutual Director of Small and Medium Enterprises
Black-owned tech startups in South Africa face a funding gap not experienced by their white-owned counterparts, according to a provisional report by the country’s competition regulator the Competition Commission (CompCom). The CompCom report, which is generally focused on dominance abuse and anti-competitive behaviour with regard to B2C platforms in South Africa, looked at the extent to which “historically disadvantaged persons” (HDPs) were excluded within parts of the digital ecosystem.
Black-owned tech startups in South Africa face a funding gap not experienced by their white-owned counterparts, according to a provisional report by the country’s competition regulator the Competition Commission (CompCom). The CompCom report, which is generally focused on dominance abuse and anti-competitive behaviour with regard to B2C platforms in South Africa, looked at the extent to which “historically disadvantaged persons” (HDPs) were excluded within parts of the digital ecosystem.
