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All posts by Staff Reporter

  • Top startup events in South Africa, Africa you should know about this week [23/05/2016]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • Bureaux Black: take a look at Cape Town’s new high-end co-working space

    Cape Town has its fair share of co-working spaces, catering to the city's startups, freelancers, and anyone else who needs a bit of flexibility in their working environment. Each of them offers something different, including the latest entrant into the space: Bureaux Black. The penthouse office suites, managed by The Bureaux, are located in Sea Point and are meant for people looking for something a little more sophisticated than your average co-working environment. “We’ve designed premium private office suites and luxury office space for professionals, travelling executives and independent consultants who require an impressive, functional fully-serviced space with no...

  • MEST out to recruit SA-based entrepreneurs

    When it comes to entrepreneurship, MEST is one of the most important organisations on the African continent. The Accra-based incubator equips tech entrepreneurs to compete in the pan-African mobile space and to scale globally. As we reported earlier this year, the accelerator has opened up its programme to South Africans for the first time. It's a programme that appears to be worth joining too. Admitted applicants receive a full scholarship to a one-year entrepreneurial training program that blends an MBA-type education with hands-on training in software development. During the program, students form into teams, develop a product, write business plans,...

  • Property Fox saves customer R93 000 on first property sale

    Real estate startup Property Fox has saved a client R93 000 on their first sale. This comes after the company launched just three weeks ago. According to a press release sent to Ventureburn, the property had been listed two weeks prior. Once going live, the listing appeared on the startup's website and fed into numerous other online listing websites. "We scheduled several listings for Mrs Kruger and within ONE DAY of posting it live we managed to find a buyer who fell in love with the property. After visiting the property twice, the buyer put in an offer that was accepted by Mrs...

  • Turns out private equity is a pretty good bet in South Africa

    If you're at a place in your life where you've got a little money to invest, you'll likely have realised how many options there are out there and how confusing they all are. As it turns out though, you could have done a lot worse than putting your money in private equity. According to the latest RisCura-SAVCA South African Private Equity Performance Report for the fourth quarter of 2015, South African private equity outperformed the South African listed equity market over a ten, five-and three-year period to 31 December 2015. The report, which tracks a representative basket of private equity funds...

  • Gartner: Banks need innovative startups to survive

    Observers of the South African startup space may have noticed something interesting happening over the past couple of years: the country's big banks, almost without exception, have suddenly become very interested in entrepreneurs. While they haven't suddenly opened up the funding gates, they have either launched, or started sponsoring, startup initiatives around the country. That interest doesn't stem from a sudden outbreak of altruism towards entrepreneurs, but because they're profoundly aware that without the kind of technology created by innovative startups, they won't survive. In fact, technology research house Gartner predicts that by the end of 2019, 25% of...

  • Top startup events in South Africa, Africa you should know about this week [02/05/2016]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • SeedStars World announces 4 SA competitions for 2016

    Global startup competition SeedStars World is expanding its search for South Africa's best startup in 2016. The entrepreneurial initiative, which specifically targets emerging markets ecosystems, today announced that it would be holding competitions in Cape Town, Soweto, Johannesburg, and Durban. After scouting the global winner from 2016, Giraffe, from South Africa, expectations will be high for the country this year. “With Giraffe as the global winner of our competition, we have proven that South Africa has world class entrepreneurial talent. This year is about casting our net even wider and giving the opportunity to the whole country to participate and...

  • New fund launched for startups in the app space

    If you're an aspiring app-builder, you may want to check this out. Technology accelerator mLab Southern Africa, in partnership with the Technology Innovation Agency, this week announced the launch of a fund aimed at assisting startups in the local mobile, sensor or wearable app startup space. That support will come in the shape of early stage grants of up to R500 000 being made available to early-stage startups. "This partnership fills a huge gap in the digital innovation value chain by bringing much needed early stage funding to mobile app start-ups and innovators who need funding to...

  • 20 big reasons why startups fail [infographic]

    Startups fail all the time. For the founders of these businesses, it can be heart-breaking. But if the right lessons are learned, it can also be a profoundly insightful experience. Of course, the best possible outcome is not to fail at all and build a successful, scalable business. And the best way to do that is to know what common pitfalls to avoid. Don't get us wrong, there's still room for failure in that model, but it's at least the right kind of failure. Forewarned is, after all, forearmed. The infographic below provides some useful insight around what you should look...