South African digital platforms need testing grounds to speed innovation, report says [Yahoo! Finance]
NASPERS LTD S/ADR (NPSNY)
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naspers.com/news/publication-of-prospectus-and-expected-admission-o
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Source: Yahoo! Finance
spur innovation in the country's growing digital platform sector, tech investor Naspers and research firm MISTRA said on Tuesday. A "sandbox" allows testing of new services in the market, but within a controlled regulatory environment without having to undergo a costly and lengthy full authorization process first. In recent years, e-commerce and digital services such as fintech have expanded rapidly across South Africa to meet soaring demand driven by the pandemic's lockdowns. But the pace of digital transformation in South Africa is still relatively slow, while the regulatory environment is still evolving to fully address the complexities of the digital economy, Phuthi Mahanyele-Dabengwa, CEO of Naspers South Africa said at the co-launch of a research report. Naspers partnered with the Mapungubwe Institute for Strategic Reflection (MISTRA) on research into digital platform businesses in South Africa. The companies said in the report that from a regulatory standpoint, policy
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