The investment agreement between Microsoft SA and the Department of Trade, Industry and Competition will prioritise skills development in artificial intelligence.
Microsoft is set to create a fund of around R1.3 billion for future-focused skills development and black-owned businesses in South Africa in terms of an agreement with the dtic - the biggest pledge of its kind yet, says Minister Ebrahim Patel.
Microsoft and the Department of Trade, Industry and Competition (dtic) on Tuesday entered into an empowerment agreement to unlock programmes to support skills and capability development, as well as enterprise development for youth and small, medium-sized and microenterprises (SMMEs). The agreement provides for a significant investment, estimated at R1.3-billion, by Microsoft South Africa over the next ten years, that will support SMMEs and black industrialists in navigating the changing landscape of the technology revolution.
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