The IT Sector in South Africa: One the Future Drivers of Economic Growth
As we look to the future of digitalisation, IT remains one of our most critical skills, with tech giants like Amazon and Panasonic opting to set up headquarters in Cape Town, South Africa’s own ‘Silicon Valley’ and high FDI-focused city. Adding to this, more local and international SMEs are increasing their digital footprint in the country every year as IT continues to demonstrate signs of growth and remains one of the top performing employment sectors. Due to an increasing demand for skilled IT professionals, they have become one of the country's most valuable commodities. According to recruitment technology company Pnet, the biggest growth in online hiring activity for this sector was evident in Gauteng, with an increase of 74% since 2020. Cape Town is also thriving as a tech ecosystem, home to 38% of South Africa's developers and receiving R1.2 billion of foreign direct investment in tech start-ups in 2020. “Digitalisation is a key driver of economic g...