From Bootstraps To Breakthroughs: Unravelling South Africa’s Startup Secrets
- South Africa has witnessed a surge in venture capital investment, with total funding surpassing USD 2 B.
- South African startups have showcased remarkable resilience during shutdowns and operational downsizing.
- Successful exits have been observed in sectors like fintech, health tech, logistics, and e-commerce.
The South African startup ecosystem has shown resilience and a measured approach to investment, which has helped it weather turbulent times. Successful exits in key sectors and the potential for scaling on the continent indicate opportunities for growth. However, investors need to provide support for internationalization, and the ecosystem should focus on talent hiring and increasing investment to further flourish.
