Digital technology has the ability to turn necessity entrepreneurs into opportunity entrepreneurs.
Necessity entrepreneurs are individuals who work for themselves because they do not have another means of generating an income. This class of entrepreneurship is prevalent in economies such as South Africa’s township economy where there is a high level of unemployment and people are forced to start small businesses to provide for themselves and their families.
In South Africa, more innovation could improve productivity, create jobs and reduce poverty.
The Cape Digital Foundation believes that valuable innovation will be born of an Internet-enabled informal sector. If the citizens of our townships are to become smart citizens – benefitting from their contribution to a modern digital economy – it is essential that they have access to technology and are enabled to put their digital skills to good use in their everyday lives at home and at work – or in choosing to be dynamic entrepreneurs and business owners.