Israeli companies eye SA’s hi-tech financial prospects
The Israeli government is increasing investment in hi-tech industry as many of its companies seek expansion opportunities in emerging markets, including SA. In SA, Israeli technology companies are eyeing the financial technology space. Dubbed the "start-up nation", Israel is home to many inventions that have revolutionised industries, including vehicle transportation, agricultural irrigation, medicine and gaming. International firms such as Intel, Google and Alibaba have snapped up technology companies in Israel that have given them access to new growth areas. Innovation from Israel in recent years has been focused on areas such as artificial intelligence, machine learning and virtual reality that are becoming critical business tools. Digital health products in the form of voice recognition, and image recognition and technology products focusing on the financial services sector are also becoming popular. Through the Israel Innovation Authority (IIA) the government is spending about ...
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