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Tax and PBO
Complicating the situation is social entrepreneurship enterprises and PBOs that raise funds, but also have a trading leg to assist with sustaining themselves. In essence, only 5% of income received can come from trading for PBOs to retain their SARS approved PBO status. However, it is easy for a small business component or fundraising event to grow, and to change the entire income model of an operation.
Blockchain’s ability to remove the need for entrenched third-party intermediaries has huge disruptive potential. By replacing the traditional trusted intermediary with a new type of entity – a peer-to-peer distributed network – DLT (blockchain) is poised to revolutionize a number of industries, from finance, to legal, to insurance.
"The operations centre will be 90% of the IT, the other people involved will have cellphones and it will all run on a cloud-based solution which will be IFS EOI. We also anticipate building quite a number of custom apps to do the logistics, markets, orders and possibly payments as well," Van Deventer added.
ICT Skills
South Africa’s unemployment rate is 27.5%, accounting for 6.21 million people; the unemployment rate among young people (aged 15-34 years) is a very worrying 38.2%. Not surprisingly, many youth are despondent and discouraged by the lack of opportunities available to them to acquire skills through education and training.  It’s this gap that the Datatec Foundation intends to fill, supporting programmes that can help upskill the youth and enable them to gain the necessary skills to become economically active through employment and entrepreneurship.