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All posts by Graham van der Made: Editor

  • Loyalty payments on the rise for SA ecommerce, according to survey

    PayU, a leading online payment provider in South Africa, has released some interesting data from a recent study about South African's online payment habits. The study reveals that more South African online shoppers are using loyalty payments. According to Mustpha Zaouini, CEO of PayU, credit cards are still the first choice for online payments, with loyalty and EFT options gaining steady growth. The EFT statistic is especially interesting considering consumers were hesitant to use credit card for online payments only a few years ago. An increase in loyalty points accumulation and spending could point to a rise in overall expenditure. Several...

  • Startup competition Seedstars World 2015 to kick-off in Mozambique

    Seedstars World is a global competition for startups, which aims to find smart startups that solve regional issues, or develop profitable products for global markets. The competition's third incarnation kicks-off this may and will be taking place 26 May in Maputo, Mozambique. The seven-month event will be taking place in 12 different countries around Africa, which are Mozambique, South Africa, Nigeria, Ghana, Ivory Coast, Senegal, Rwanda, Uganda, Kenya, Ethiopia, Tanzania and Botswana. Once the regional winners have been selected, the final will take place in February 2016, in Switzerland. Contestants are competing for a US$1.5-million in equity investments and various other prizes. This final...

  • Ignitor wants to help create lean startups

    Many startups focus on obtaining funding as soon as possible instead of trying to make their idea work first. Ignitor, a Johannesburg-based company, is aimed at helping startups see this isn't always the correct path. More specifically, Ignitor is focused on helping entrepreneurs create a lean and break-even business. As a free course funded by sponsors, such as Standard Bank, Microsoft, and The Green Fund, Ignitor offers entrepreneurs -- what they call -- a new model in company development. The program consists of a 3-day boot camp, 12-weeks of coaching, 50 online video modules, and introductions to a local network...

  • 5 things to look at when entering ecommerce in SA

    Ecommerce in South Africa is new and exciting. Even though we have had an online market for over a decade, more and more people are finding opportunities within the digital space. With technology and mobile payment progressing the market is still new. There are niche stores, food stores, mass stores, and even retail stores looking at the online game. The cold hard truth about ecommerce is that it does not consist of installing a website, sitting back and watching the money roll in. That is a misconception and one that needs to be squashed. Starting your own store in cyberspace...

  • Lagos StartupWeek hopes to become ‘next big thing’ in Africa’s tech ecosystem

    Lagos is fast becoming a startup powerhouse in Africa. It’s not only the second fastest growing city in Africa, but the seventh internationally. In the past year the city launched car ordering service Uber, CcHub announced three new incubator companies, and a continent-wide logistics program from two of its largest ecommerce stores, among other things. The city will soon be host to Lagos StartupWeek, an event geared towards entrepreneurs and business owners not only in Lagos, but all over Africa. The week-long initiative expects to host one thousand participants from across Lagos, the greater region, the US, and the UK...

  • Raru director Waine Smith weighs in on South Africa’s ecommerce industry

    Since its launch last year, Raru has become a go-to name in the South African ecommerce market. Headed up by ex-founders of Take2, they have put their knowledge to use and grown the new store into one of the largest in South Africa. On Thursday, Ventureburn sat down with the director of Raru, Waine Smith. We spoke about Raru’s growth and success, his take (excuse the take puns) on the Takealot & Kalahari merger, and where the South African ecommerce industry in heading towards. Ventureburn: How much has Raru grown since its launch last year and has it met your expectations? Waine Smith: It’s...

  • African online sellers to get logistics upgrade, more jobs

    This week, Nigeria’s two largest marketplaces, Jumia and Kaymu, announced a fulfillment and delivery platform joint initiative for Africa. Their goal is to provide online sellers in Africa with a system to deliver their products and create jobs. The joint initiative is called Africa Internet Group (AIG) Express. AIG itself provides easy-to-use services and solutions across the African internet market and are part of Africa's startup ecosystem. Indrek Heinloo, who is leading the initiative, says a larger delivery network needs to be put in place of Africa. We’re currently delivering up to 100,000 packages a day for Jumia and Kaymu, and we...

  • Survey highlights key areas where SA entrepreneurs struggle

    Today, the school for entrepreneurship, Seed Academy, released the results of a survey polling more than 900 startup entrepreneurs. These respondents have been in business for under five years and the results show what key challenges they have been facing during this time. Donna Rachelson, director of Seed Academy, explains the motivation behind the survey: We have trained hundreds of entrepreneurs and have picked up common problems. This national survey gives us hard evidence to help create a more sustainable and successful startup culture in South Africa. We hope it will create impetus for industry and government to align efforts. The main...

  • Nigeria’s CcHub incubator announces latest ventures

    On Monday, Nigeria’s social innovation centre in Lagos Co-creation Hub (CcHUB) announced three new ventures were added to its Incubation program. Each of the ventures -- Grit Systems, Mamalette, and Autobox -- will receive seed funding between US$15 000 and US$25 000. In addition to this, the incubator provides mentoring, business development support, and office space for the selected companies. All of these services are critical to each company’s growth. Started five years ago, CcHUB has hosted over 50 early-stage ventures. The startups recently announced join the likes of Traclist, Truppr, Wecyclers and Vacantboards. CcHUB in December 2014 graduated BudgIT, the first venture...

  • Education platform launches to help you set up your online shop

    Starting an online store can be a daunting process and isn't as simple as installing ecommerce software on your web server. It requires a lot of work and planning. MasterStart recently launched its e-learning platform in order to address these issues and help those wanting to start an online store. MasterStart is an online education provider and platform focusing on interactive courses for budding entrepreneurs. The system teaches users how to create an ecommerce store, how to market it, and what skills will be needed in the running of their new venture. It is marketed as a practical launch pad...