R700m

Finweek English Edition - - IN BRIEF -

The amount that tech­nol­ogy gi­ant IBM will in­vest in South Africa over the next 10 years in aca­demic, re­search and en­tre­pre­neur­ial projects in lieu of sell­ing a stake in its lo­cal busi­ness to black share­hold­ers. The en­ter­prise devel­op­ment com­po­nent will as­sist 74 en­ter­prises, while 56 stu­dents will re­ceive fund­ing to study com­puter science at Wits Uni­ver­sity.

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