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All posts by Staff Reporter

  • Tourism is now ‘the top selling online industry’

    With annual global sales skyrocketing to over US$150 billion, and robust growth that has shaken off the recession, tourism is the 'top selling commodity online', according to Damian Cook, Founder of E Tourism Frontiers. This is good news for South African Tourism, the organisation responsible for increasing tourism to South Africa, which is staging this year's 3rd annual E-Tourism Africa Summit. The two-day Online Tourism Conference and Travel Technology Exhibition will be taking place at the Cape Town International Convention Center on the 25th and 26th of October 2010. The trend towards online travel booking is confirmed by South African...

  • 11 top African tech startups to watch, says Seedcamp

    Seedcamp, a European micro-seed fund that invests in early stage startup companies, has selected 11 South African technology startups to possibly attend the Seedcamp Week programme held in September in London, UK, where they will be in line for a potential €50 000 investment. Seedcamp, in conjunction with the Tech4Africa conference, put out a call for applications for funding and received more than 40 entries from technology startups across South Africa. The selected African entrepreneurs will have a rare opportunity to pitch their businesses at a group of people connected to powerful investors, mentors and startups throughout EMEA, with one...

  • Twangoo brings the power of collective buying to South Africa

    Do you like the idea of saving 25% on a floatation hydrotherapy session? Or what about a R100 saving on a meal at Gourmet Burger. If these deals appeal to you, then you might want to consider joining Twangoo.co.za, a new Cape Town-based startup which is harnessing the power of collective buying to make great deals available in cities around South Africa. Collective buying is one of the hottest trends on the web right now, and it's a timely introduction to the South African market. The concept was pioneered by Groupon, the American powerhouse in this field who offer deals...

  • Kalahari.net expecting big things from its new and used goods platform

    South African online retailer kalahari.net is forecasting impressive growth by the end of the year from Marketplace, its new and used trading platform which was launched in February this year. Kalahari.net believes that the trading platform, which lists both used and new products for sale, will provide South Africans with a way to earn extra money, which is especially important in the current economic climate, and speaks to South Africa’s natural entrepreneurial spirit. “The launch of our marketplace allows online users to sell their new or used products on a platform that has an enormous database of existing customers and that is...

  • Exploding 7 myths about venture capital

    The venture capital investment industry is laden with myths and misconceptions, often causing entrepreneurs to lose faith in funding and enthusiasm for their business. Andrea Bohmert, chairperson of South Africa's Cape IT Initiative’s Board of Directors and director and co-managing partner of Hasso Plattner Ventures, helps demystify some of the more destructive fallacies. 1. There is no money The first common misconception is that there is no money to fund entrepreneurs. This idea exists largely because so many business plans are declined, and so few are accepted. The first thing that counts against an applicant is failing to take...

  • Smoke and mirrors at new start-up Smokoo.co.za

    A new start-up, Smokoo.co.za, has found a unique way of publicising their upcoming launch in South Africa. They're not telling anyone what they do. Instead, the company has begun marketing themselves with a competition where people have to guess what kind of company Smokoo is going to be. The person who comes closest, wins an iPad. The only clues on their homepage are their logo, an iPad and a clock that's counting down towards the launch date of 1 August 2010. They also have a Twitter account and a Facebook page where you can try and extract some more clues about what...

  • Mocality aims to be ‘largest’ mobile business directory in Africa

    If you’re in downtown Nairobi before the 4th of August, be sure to pop in to the Barber Q Hair Studio and get yourself a free head massage. The studio is on the 2nd Floor of El-Roi Plaza, close to the Odeon Cinema. This is just one example of the thousands of snippets of information that are at the heart of Mocality, a free-to-list, hyper-local mobile business directory in Nairobi, Kenya. Mocality offers a free business suite of tools to all listed businesses, such as the ability to upload customer mobile numbers into the Mocality platform, a free mobile website...

  • Saul Klein: Price of SA broadband an ‘absolute disgrace’

    One of South Africa’s most successful exports, web entrepreneur and venture capitalist Saul Klein, has labelled the cost of broadband in his home country “an absolute disgrace” and urged the members of The Silicon Cape to function as a pressure group in lobbying for cheaper broadband. Klein, who was born in Johannesburg and is married to a South African, currently manages a $2.5-billion venture capital fund, and is a “massive believer” in early stage venture capital. His CV reads like a greatest hits of the Internet over the last 10 years, from early work at Blogger, last.fm and Betfair then...

  • Jamiix: The Cape Flats startup that’s going global

    Jamiix, a brand new social-media aggregator that was developed on Cape Town’s notoriously under-resourced and impoverished Cape Flats is launching internationally with grand ambitions to become an integral part of the Web 2.0 landscape. The web and mobile-based tool is described as a “distribution and aggregation technology to engage with clients who are in need of support services”. It grew organically out of a desire for affordable communications in the area of social services, which is a chronic need on the Cape Flats. Developed over two years, it takes its name from “Jamii”, the Swahili word for social or community and...

  • New player enters SA online recruitment market

    A new South African online-recruitment portal, "developed out of frustration with existing recruitment methods", claims to have developed creative solutions for the difficult task of match-making between employers and employees. Sebenzi.co.za attempts to shake up the existing model, where the power is placed firmly in the hands of the recruitment agencies which have access to a database of CVs, and who frequently share the personal details of recruits without their knowledge or consent. The new players have set out on a mission to redress this imbalance, and after two years of research and development, the site was launched with...