Funding gap excludes Black-owned startups from South Africa’s booming digital economy

South Africa’s digital industry is among the fastest-growing segments of its economy. However, the low level of racial inclusion in funding and general financial muscle to compete is a growing concern, which will likely widen inequality in the future if left unaddressed. This is according to a provisional report by the country’s competition regulator, the Competition Commission (CompCom), on dominance abuse and anti-competitive behavior of online intermediation (B2C) platforms within its borders.
CompCom said a lack of funding due to exclusion from business networks, scarcity of wealth and ass

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