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All posts by Staff Reporter

  • Nigerian financial services comparison site TopCheck scores over $1M

    Nigerian financial comparison startup TopCheck has announced an investment of 1-million Euros (around US$1.1-million). The website will enable Nigerians to compare and buy insurances online. It also plans on adding a range of other financial services within the near future. Company founder Thomas Pilar elaborated in a recent press release sent to Ventureburn: With TopCheck, African consumers can finally enjoy the security and convenience of buying financial services online. We bring transparency to a market that traditionally suffers from inefficiency. Our customers can compare prices and save money. TopCheck was founded by an international team of entrepreneurs who have worked at renowned companies...

  • Payroll company PaySpace receives prestigious Frost & Sullivan award

    Cloud-based payroll and human capital management company PaySpace has been awarded the prestigious Frost & Sullivan 2015 South African Product Leadership of the Year Award for Enterprise Resource Planning Systems. Established by Bruce, Warren, Clyde van Wyk and George Karageorgiades (pictured above) in 2000, PaySpace offers low-cost, cloud-based payroll and human capital management (HCM) enterprise software. Frost & Sullivan has awarded PaySpace for its impressive growth achieved over the years. The payroll software has increased its usage from 18 countries in 2011 to 37 countries in 2014. Read more: Study: fewer than half of SA’s SMEs use cloud services Fadzai Deda, Frost &...

  • Swiss medical company Roche to purchase Kapa Biosystems, bolster medical strength

    Today, Swiss-based medical-tech company Roche announced its acquisition of Kapa Biosystems -- a biotech startup based in Massachusetts, US with a development and manufacturing facility in Cape Town, South Africa. According to co-founder and chief scientific officer of Kapa Biosystems, Paul McEwa, "Joining Roche provides us access to their broad product portfolio, global reach and clinical expertise that will accelerate our strategy of offering comprehensive NGS workflow solutions to more laboratories around the world." The deal went through with an undisclosed purchase amount and is subject to customary closing conditions. Kapa Biosystems is a provider of genomic tools in the life science...

  • Accelerate Cape Town announces Ryan Ravens as CEO

    Ryan Ravens has been appointed as Accelerate Cape Town's (ACT) new CEO. Established in 2007, business leadership organisation ACT has become a prominent player in facilitating dialogue between government, corporate and higher education in the Western Cape and the greater South Africa. The organisation believes that Raven's strong background as manager and leader will help ACT further its vision of accelerating economic growth through innovation. Prior to accepting the role at Accelerate Cape Town, Ravens was the Group Executive: Strategic Partnerships at Blue IQ Investment Holdings (now known as Gauteng Growth and Development Agency) and then CEO of consulting company, TetraPlex. Well known...

  • On-demand delivery startup WumDrop takes home 2015 MTN App of the Year Award

    Last night, major South African telecom MTN announced the winners of the annual App of the Year Awards. Ranging from big business to lean startups, winners in a number of categories were recognised, including the prestigious Business App of the Year Award. Some local apps that shone at the annual competition include WumDrop, Vula Mobile, EskomSePush and M4JAM. The judging panel consisted of industry experts Jonathan Hoehler, Kobus Ehlers, Liron Segev, Nafisa Akabor, Tanya Kovarsky, and Andile Khumalo. WumDrop, an application allowing users to summon a courier at R12 per kilometer, took home the award for the Best Enterprise App & Best Overall App of 2015....

  • Sunday Times, FNB announce Dragons’ Den style competition for KZN entrepreneurs

    South African weekly newspaper the Sunday Times and First National Bank (FNB) have teamed up to launch a Dragons' Den-style contest for entrepreneurs in KwaZulu-Natal. The Sunday Times FNB Shark Tank (Shark Tank is, incidentally, the name Dragons' Den goes by in the United States), is set to take place in November and will see the winner receive coaching from some of the province’s best business minds, media exposure, and bank assistance from FNB, all to the value of R150 000. “The Sunday Times and FNB are putting their considerable muscle into this initiative. We need to encourage entrepreneurship in...

  • The Hope Factory Stakeholder Day celebrates entrepreneurs, funders

    Non-profit enterprise development organisation The Hope Factory brought together funders, entrepreneurs and other stakeholders at its aptly named Stakeholder Day in Johannesburg, South Africa. Held this week, the event was also open to the public while entrepreneurs were given the opportunity to exhibit their products and services. With the vision of assisting South African entrepreneurs from previously disadvantaged backgrounds, The Hope Factory is said to have equipped over 1 000 individuals with the skills needed to achieve their goals. Read more: The Hope Factory: empowering women entrepreneurs The non-profit trains potential entrepreneurs in business, technical and life skills while also giving them network opportunities,...

  • Western Cape seeks to recognise region’s most exciting entrepreneurs

    For a third time running, the Western Cape Premier's Entrepreneurship Recognition Awards (PERA) is again looking for the Province's top entrepreneurs. This year, the total value of the prizes for the event has been increased to a total of R1 880 000. Ranging from various categories that include Best Job-Creating Business, Best Emerging Tourism and Best Green Business, PERA seeks to acknowledge and recognise the Province's most exciting entrepreneurs and encourage job creation. The Overall Winner will receive prize money, an overseas trip and an engraved trophy. The 12 category winners will receive prize money and an engraved plaque. The category runner...

  • Study: fewer than half of SA’s SMEs use cloud services

    According to a report by research firm World Wide Worx, the number of SMEs in South Africa using cloud services has jumped 10% since last year, to 39% in 2015. This statistic is expected to increase in the future as more and more businesses start to realise the benefits of online services. Arthur Goldstuck, the MD of World Wide Worx and principal researcher for the SME Survey 2015, says that this is a good sign for companies looking to overcome traditional obstacles: "For the first time, we are seeing a real take-up of cloud services, which indicates that more and more SMEs...

  • CiTi InnoTech incubator calls for SA change-makers

    The Cape Innovation and Technology Initiative’s (CiTi) is calling for South African tech startups to apply for its new incubator programme InnoTech. Running from August 2015 to March 2016, InnoTech looks to stimulate the creation of new businesses and support the expansion and growth of existing companies through the uptake of technology and innovation capability. The programme is also looking to attract BEE candidates. However, CiTi reassures that all entrepreneurs are encouraged to apply. The InnoTech programme was first introduced after CiTi entered a multimillion rand partnership with the country's telecommunications giant, Telkom, in May this year. The partnership forms part of the...