The partnership between the Department of Communications and Digital Technologies (DCDT) and the Southern African Venture Capital and Private Equity Association (SAVCA) is a strategic collaboration designed to boost the growth and sustainability of South Africa’s ICT SMMEs through the Digitech program. By leveraging SAVCA’s expertise in venture capital and private equity, this partnership aims to bridge the funding gap for tech-driven small businesses, providing them with greater access to capital, investment networks, and financial advisory services. The collaboration enables SMMEs within the Digitech platform to scale their innovations, expand their market reach, and attract potential investors, accelerating their growth in a competitive digital economy.
In addition to providing financial resources, the DCDT-SAVCA partnership also emphasizes capacity building and entrepreneurial development. Through workshops, mentorship programs, and access to SAVCA’s network of seasoned investors and business leaders, SMMEs gain critical insights into investment readiness, business scaling, and sustainable growth strategies.
This collaboration not only empowers South African tech entrepreneurs to develop competitive digital solutions but also promotes inclusive economic development by fostering an ecosystem where innovative startups can thrive and contribute to the broader economic transformation of the country.