Capital Appreciation invests R20m in GovChat

Johannesburg Stock Exchange listed Capital Appreciation has agreed to invest R20m in GovChat, a tech platform that connects the citizens of South Africa to their national, provincial and local governments through channels such as chatbots and WatsApp. GovChat was established in 2016 by Eldrid Jordaan with the idea of linking the public sector to the citizens it serves. GovChat’s clients are mainly the Government Communication and Information System and the Department of Co-operative Governance and Traditional Affairs. The company has been able to raise R30 million in its initial funding rounds and plans to expand its platform to the governments of Ghana, Nigeria, Zimbabwe and the DRC.

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