Cape Town – The Cape Innovation and Technology Initiative (CiTi) has scored an impressive cash injection to boost technology skills among young South Africans.

Its CapaCiTi hub announced on Friday that it has unlocked R250m that will be used to train 3 000 people over three years in Cape Town, Johannesburg, Durban and Port Elizabeth.

“This incredibly impactful expansion has been enabled through the generous support from South African corporate businesses, in particular R100m from BCX, and also R75m from the National Treasury Jobs Fund,” the organisation said in a statement.

CiTi CEO Ian Merrington recently told Fin24 that the priority of the organisation was training and the acceleration of technology innovation.

“Our environment is considerably more conducive of tech innovation than the traditional corporate workplace which enables us to assist business to solve problems through both creative and innovative execution,” he said.

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