Black-Owned Startups Face Funding Gap in South Africa, Report Says
By Tom Jackson
Black-owned tech startups in South Africa face a funding gap not experienced by their white-owned counterparts, according to a provisional report by the country’s competition regulator the Competition Commission (CompCom).
The CompCom report, which is generally focused on dominance abuse and anti-competitive behaviour with regard to B2C platforms in South Africa, looked at the extent to which “historically disadvantaged persons” (HDPs) were excluded within parts of the digital ecosystem.
Photo courtesy of Christina @ wocintechchat.com.