What is ICT?
Information and Communications Technology (ICT) is the use of computing and telecommunication technologies, systems, and tools to facilitate the way information is created, collected, processed, transmitted, and stored.
It includes computing technologies like servers, laptop computers, and software applications, as well as the wired and wireless communication technologies that support telephones, the Internet, the Internet of Things (IoT), and the metaverse.
The goal of ICT is to improve access to information and make human-to-human, human-to-machine, and machine-to-machine (M2M) communication easier and more efficient.
ICT Suppliers In South Africa
How many ICT companies are in South Africa?
According to the white paper, there are currently around 20,000 ICT companies in SA.
Cumulatively, they contribute 8% to the country’s GDP. Furthermore, the sector has achieved consistent growth despite the country’s economic challenges and is set to maintain a growth trajectory through to 2025.
What is the biggest IT company in South Africa?
The biggest IT companies in South Africa
| Biggest South African IT companies | ||
|---|---|---|
| Company | Market cap | Share price |
| Capital Appreciation Limited | R2.16 billion | R1.64 |
| AYO Tech Solutions | R956.48 million | R2.62 |
| EOH Holdings | R953.34 million | R5.38 |
Is ICT in demand in South Africa?
Most in demand
The survey references the Career Junction Employment Insights Report (July 2022), which showed that overall hiring activity was 23% higher than the previous year and indicated the demand for IT professionals ranked third, behind finance and sales professionals.