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Microsoft is waiting for the department of trade & industry to give it the go-ahead for its empowerment plan where it wants to invest nearly R500m in several local black-owned software development companies.

Microsoft will at the end of August announce the names of the black-owned SA companies into which it plans to invest nearly R500m. That’s the word from Microsoft SA spokesman Adrian Wainwright, who says the company has received more than 650 applications from interested IT companies.