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Two girls drawing a clock in chalk on the schoolyard pavement counted off one, two, three in Manx: nane, jees, tree.

Prof Duncan Coulter, head of the Academy of Computer Science and Software Engineering at the University of Johannesburg, agrees that times are difficult for South African IT companies like Nane.

Mr Mogotsi co-owns Johannesburg-based software company Nane Solutions with his friend and business partner Kabelo Mashisi, 45.

Each studied computer science at university, and then spent a number of years in corporate IT jobs, before launching Nane in 2006.

Nane means eight in Swahili, and the name was chosen because the company had eight founders.