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    Home » R10bn Vision to Power South Africa’s Digital Economy
    TECHNOLOGY

    R10bn Vision to Power South Africa’s Digital Economy

    March 26, 2026
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    TURNING JOBURG CBD INTO A LEADING TECH EDUCATION HUB
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    A major milestone in South Africa’s digital transformation was reached today with the official launch of the Maharishi NextUp Institute of Technology (MNIT). This ‘moonshot’ initiative is housed in a dedicated 10-storey, 10,065 m2 campus at 56 Main Street, Marshalltown, which has been donated to the Institute by renowned South African tech pioneers and philanthropists, David and Tracey Frankel.

    The launch marks a critical expansion of the Maharishi Invincibility Institute’s (MII) ‘Education Town’vision – an urban renewal project aimed at revitalising the Johannesburg Central Business District (CBD) by transforming it into a vibrant and safe world-class hub for learning that leads directly into quality jobs.

    A World-Class Institute of Technology for Africa’s Underserved Youth

    Maharishi NextUp is designed to ensure sustainable work opportunities for South Africa’s most underserved youth. The institute focuses on preparing students for high-demand roles in the Fourth Industrial Revolution, offering specialised academies in:

    • Artificial Intelligence, Robotics, and Automation
    • Cybersecurity
    • Digital Skills, including cloud engineering, digital design, digital marketing and advertising, data science and others.
    • Financial & Professional Services: Specialised Insurance, Banking, and Financial Markets academies developed in partnership with industry leaders to address verified skills shortages

    The model is proudly South African and demand-driven, partnering directly with tech giants and corporate leaders, who will co-design the curriculum for their own critical scarce skills needs, and in this way will provide job pathways into quality jobs for graduates.

    A Legacy of Impact

    “This is more than a building; it is a promise to our youth that they will not be left behind by the AI revolution,” said Dr. Taddy Blecher, CEO of MII. “For 20 years, we have proven that if you unlock the genius in a young person, they can compete at the highest levels.

    David and Tracey’s incredible generosity has provided the MNIT with the most exciting home inside Education Town. Youth will build the competence and solid grounding to add value and leverage AI to build and transform business through solving business and societal problems.”

    David & Tracey Frankel, whose foundational role is honoured, noted the importance of this initiative in fostering South African tech talent: “We believe in a future where Johannesburg becomes one of the pre-eminent tech capitals on the continent. By providing this permanent infrastructure and nurturing the set of cutting-edge programmes coming in here, we are confident we will see youth trained as future tech leaders who will drive forward South Africa’s digital economy.”

    Education Town catalysing Urban Renewal

    Maharishi Invincibility Institute is a lead partner in Jozi My Jozi, a coalition of corporate partners including Anglo American, Standard Bank, ABSA, iqbusiness, Nando’s and Wits, organisations, communities and regional and local government, dedicated to restoring the economic vibrancy of the inner city.

    Maharishi’s ‘Education Town’ initiative has already seen the opening of the Field of Dreams – the first full-size football field in the CBD in a century, and the Security Mastery Academy, which is training hundreds of young adults through an intense three-year programme that provides accredited security training, specialised skills, and personal development. Another project, the installation of solar-driven street lighting around the campus, ensures safer, cleaner streets for over three thousand students who study there daily.

    By its fifth year, the facility at 56 Main Street is expected to operate at full capacity, serving as a blueprint for tech-talent development to be replicated across South Africa.

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