Sagarmatha or virtual colonisation: It is time to set the record straight

Published 23 October 2018, by Dr Iqbal Survé

CAPE TOWN – In the week that President Ramaphosa is to host the SA Investment Conference, there are typically a number of media releases about investments in the manufacturing and mining sectors.

What South Africa needs right now is investment into the technology and services sectors. With its vast pool of unemployed young people, South Africa cannot afford to miss investing in these sectors.

This is our opportunity to skill up young people to participate in the technology revolution otherwise called the Fourth Industrial Revolution (4IR).

A few months ago, Sagarmatha Technologies was approved for listing on the JSE as the first African unicorn multi-sided platform (MSP) company.

Approval occurred after a rigorous eight-month process of engagement with the JSE. Sagarmatha was planning to raise R7.5 billion and was successful in commitments of R4bn from local and international investors.

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