The city was recently named as the most entrepreneurial city in South Africa, with the percentage of Capetonians pursuing business opportunities almost three times higher than the national average. Those aged between 18 and 64 were 190% more likely to pursue new business, whilst in Johannesburg, the same demographic group was only 60% more likely than the national average to pursue a new business. With a number of entrepreneurship initiatives and universities hosting technology startups such as Jumo, Yoco, Aerobotics, Luno and The Sun Exchange.