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All posts by Staff Reporter

  • Lumkani launches #LetsStopFire crowdfunding campaign

    Cape Town, South African-based startup Lumkani has launched its crowdfunding campaign on Indiegogo to help prevent the spread of fires in urban slums with its networked fire detector. After winning half-a-million rand from Chivas Regal's social entrepreneurship competition earlier this year, Lumkani will soon travel to Silicon Valley where it will pitch for a welcoming US$1-million. The team has developed a smart device which integrates with the mesh network of in-home fire detectors. This device sends text messages to community members with the location of the fire. Simultaneously, it stores GPS coordinates of the fire which we will send to the...

  • MTN is backing tech entrepreneurs through New Generation Mindset programme

    South African teleco giant MTN is going the extra mile to support innovation and entrepreneurship in the country. That's apart from the pan-African company's commitment to pour in US$400-million into Africa and the Middle East's startups, it's recently announced a multi-million rand innovation deal with the UCT Graduate School of Business. Now -- with the backing of the New Generation Mindset programme -- MTN Business is looking for young, black entrepreneurs in South Africa who want to contribute to the growth of South Africa's knowledge-based economy. Read more: MTN, UCT’s Graduate School of Business whip up R15m innovation deal "Our programme...

  • Efinity competition offers R75k worth ecommerce solution for startups

    Backed by a package worth R75 000, South African ecommerce fulfilment service Efinity is having a competition to help put your business in the cloud within 24 hours. Launched last year by Naspers, Efinity is said to support small and medium businesses, as well as the larger operations. Efinity’s services are currently used by pure play etailers like Spree, but they also enable bricks-and- mortar SA businesses to enable their ecommerce offering. Heading new business development at Efinity is Nic Robertson, who stresses the massive opportunity that ecommerce solutions present to retailers in South Africa: "Never before, have brands and businesses had...

  • WumDrop debuts iPhone app, teases with up-coming features

    On-demand couriering has just become more sexy. South African on-demand startup WumDrop has just launched its iOS app, while also hinting at some interesting enterprise applications to roll out in the near future. The iOS app has been in development since February 2015. "At that point we felt like the business concept had proven itself, and that it was time for us to expand the range of platforms through which WumDrop was available," co-founder Simon Hartley tells Ventureburn in an email. The startup launched in May 2014 and revealed to us that it's experienced exponential revenue growth month-on-month ever since, topping R61...

  • Maverick Awards seeks to inspire youth-driven entrepreneurial revolution in SA

    A second time running, the inaugural Maverick Awards for South African Youth Entrepreneurship Excellence seeks to recognise and acknowledge the success of young, dynamic and innovative entrepreneurs in the country. The award ceremony -- which will take place in early June -- is designed to showcase potential young, high impact–high growth entrepreneurial talent, and provide a platform for new role models that will serve to inspire a youth-driven entrepreneurial revolution in the country. Last year's 21 young finalists have collectively accumulated revenues of R415-million, while having created 647 permanent jobs in their enterprises. Among the 2014 winners were distinguished and adept entrepreneurs: Bevan Ducasse,...

  • Ventureburn announces major startup country survey to gauge pulse of SA’s entrepreneurs

    South Africa’s startup scene is hotter than ever, and entrepreneurs are the new rockstars of the business world. From government to big business, organisations are realising the benefits of harnessing startup business talent. Ventureburn -- in partnership with First National Bank (FNB), investment advisory firm Clifftop Colony, and data gathering and analytics company Qurio -- on Tuesday launched the Ventureburn Startup Survey 2015, which is looking to uncover the nuts and bolts of the startup sector. The survey will answer questions like: What are the major challenges facing the country’s entrepreneurs? What do South Africa’s startup...

  • Cape Town’s latest co-working innovation hub Workshop17 is looking for startups

    Co-working spaces play a huge role in facilitating a collaborative startup community; engineering serendipity. The V&A Waterfront in Cape Town, South Africa and the collaborative workspace initiative, OPEN, have announced a partnership to put together an innovation and co-working hub called the Workshop17 at the popular marina's Watershed building. The space is in its final phase of opening its doors and is thus calling for small-and medium-sized enterprises to apply for membership. CEO of the V&A Waterfront, David Green said in a recent press release, "Our plan was to create a space in which start-ups and experienced companies, profit and non-profit,...

  • Can’t get enough of tech startups? Ventureburn is looking for a savvy startup writer

    Ventureburn is looking for a savvy startup writer to join its talented, growing team. The African startup space is bubbling with exciting stories around every corner. As a publication which prides itself on bringing readers the latest in-depth stories and analysis, Ventureburn seeks to cover every nook and cranny in this fast-moving space. In order for us to continue doing so and even more, we're expanding our team. If you think bootstrapping is merely a cool pirate name and Angels are only found in fantasy novels, you're probably not the best fit. But if concepts like pivot, exit, pitch and seed...

  • Forging Enterprise conference to celebrate SA small business this May

    In an effort to celebrate 20 years of small business promotion in South Africa, the Forging Enterprise National Small Business Conference 2015, led by Osiba Management, will be held at the CTICC in Cape Town from 26 to 28 May. Running with the theme Technology and Innovation for Inclusive Growth, the conference will focus on how tech and innovation enhances economic inclusion through fostering successful and growth-oriented Small and medium-sized enterprises (SMEs). The conference will be featuring speakers such as the first ever minister of Small Business Development, Lindiwe Zulu. The conference programme will also allow several entrepreneurs to share their...

  • Here are all the BEE changes your company should be aware of today

    The rollout of the updated Broad Based Black Economic Empowerment (B-BBEE) codes that will come into effect on 1 May 2015 is evidently much stricter in its scoring and implications for business owners than the older codes. So what are the critical aspects and changes that business owners and directors should be aware of? The revised codes of Good Practice indicate, that any company that has a revenue of more than R10-million will be most affected and will have to make imperative changes of higher priority status than that which was made before in order to be BEE compliant. The categories...

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