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Durban located in the kwazulu natal province of south africa has a burgeoning startup scene that is gaining momentum the city has a rich history of entrepreneurship with many successful businesses being founded in the area the geography of the area is diverse with a mix of urban and rural areas and a population of over 34 million people technological innovations in durban have been on the rise with many startups focusing on areas such as fintech ecommerce and healthcare companies such as sweepsouth a cleaning services platform and yoco a mobile pointofsale system have been founded in the area and have gained national recognition durban is also home to several universities including the university of kwazulu natal and durban university of technology which have been instrumental in fostering a culture of innovation and entrepreneurship however the city still faces challenges such as high unemployment rates with the latest figures showing a rate of 295 the living wage in durban is around r4500 per month which is below the national average the city level gdp is estimated to be around r133 billion despite these challenges the startup scene in durban is thriving with a growing number of new companies starting up each year the city has a vibrant and supportive community of entrepreneurs with events such as startup grind durban and durban innovation hub providing opportunities for networking and collaboration overall durbans startup scene is on the rise with a diverse range of innovative companies and a supportive community of entrepreneurs while challenges remain the citys entrepreneurial spirit and growing ecosystem make it an exciting place to be for startups and investors alike
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