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Company Office

  • The impact of big data on the logistics sector

    Businesses both large and small are drawing on the information available from "big data" to help streamline and improve what they do. Data collected by smart phones, sensors and other sources play an increasingly important role in helping products and services to evolve and to help companies gain a competitive advantage. With this in mind, here we explore the impact of big data on the logistics sector. Electronic on board recorders Electronic on-board recorders (EOBR) are now commonplace in the logistics sector and capture a range of data as a vehicle is in operation. Driver hours and maintenance information are examples of the type...

  • Insurtech is transforming a staid South African insurance industry

    One of the hottest trends in South African fintech in 2018 is insurtech -- which has gained momentum over the last two years, says Dominique Collett, head of AlphaCode, a club for fintech entrepreneurs powered by Rand Merchant Investment Holdings. "It was initially seen as a major threat by insurance companies, but now insurers are taking a far more proactive approach to seize opportunities in this space and are starting to collaborate with startups. Exciting new models are transforming a staid industry characterised by opaqueness and outdated systems,” says Collett (pictured above). As millennials enter the market with different expectations, the insurance industry is...

  • Here’s how small businesses can also cash in on Mother’s Day

    The Mother’s Day period in May is always a highlight in the annual retail calendar, but how do small businesses compete with the larger retail stores and shopping centres and make sure they also benefit during this peak shopping season? Paul Kent, MD of payment service provider says many of the company's clients using Sureswipe card machines are the smaller, boutique-type businesses that trade in custom-made goods like clothing, jewelry, confectionery or specialty chocolates, or they run nurseries, beauty spas and independent coffee shops and eateries. "To help them leverage sales for peak retail periods such as Mother’s Day, we encourage...

  • Here are three facts you need to know about using local app Parkfind

    Parkfind, an app developed by Street Parking Solutions (SPS), allows users to search for, navigate to and pay for parking anywhere in the Cape Town central business district (CBD) in real time. SPS claims that Parkfind is Africa's first search, navigation and payment app. New to the app? Here are a three Parkfind facts around availability, reliability and security. 1.Eight to five on weekdays You can only use the app between 8am and 5pm on weekdays, as well as between 8am and 1pm on Saturdays. Users will not be able to use the app to locate and pay for parking on public holidays, Sundays...

  • How your startup can implement good accounting practices

    It is the dream of every startup to get external funding. However, without the right accounting practices in place, that is unlikely to happen, says Cloudworx founder and MD Gareth Price. Price (pictured above) believes it’s crucial that startups get accounting right from the beginning. He says one of the biggest mistakes a startup could make is something he says happens regularly -- running for a year without any accounting. "They sort of get through the first year, and then go, now I need to do some accounting. That becomes a disaster," he says, adding that the easiest way to fix...

  • Sureswipe launches another service to help small retailers grow their business

    Sureswipe, one of South Africa’s first card payment acceptance companies, has introduced a new online service, called Self Sign up, that allows retailers to order and pay for their card payment machines online and start processing customers’ credit cards within days. “We believe that all retailers across South Africa should be able to accept card payments to increase sales. This has not always been possible mainly due to affordability and accessibility," says Sureswipe managing director Paul Kent (pictured above). Kent says the company's new Self Sign up service removes the daunting and time-consuming application and contracting process, which often involves face-to-face...

  • Regtech, the new fintech, driven by complex financial regulations

    "There are three elements driving interest in regulatory technology (regtech) in South Africa and abroad," explains Dominique Collett, senior investment executive at Rand Merchant Investment Holdings and head of AlphaCode, a club for fintech entrepreneurs. "These include customer demand for an enhanced experience, cost reduction and the simplification of compliance due to burdensome regulation in the financial services industry," adds Collet (pictured above) Regtech is innovative technology developed to address regulatory challenges. Whilst regtech focuses on compliance, risk management, regulatory reporting and transactions monitoring, the focus in South Africa has been on identity management. Most financial services businesses including banks, wealth and asset...

  • ‘Engagement in startup initiatives vital if corporates are to develop in tech’

    It's vital that corporates engage in startup programmes if they want their firms to develop in the tech space. So says Regan Adams CEO of financial services provider RCS. Adams (pictured above) says with customers needing information faster than before, businesses need to become more customer-centric in order to retain their clientele, and cannot afford to fall behind in the latest technology that is available, both locally and globally. "As part of the global BNP Paribas group, we are constantly looking for innovative technologies to enhance the customer experience and to improve our systems and processes. He says it is important for...

  • AlphaCode head calls on SA to become a fintech centre of excellence

    Dominique Collet, senior investment executive at Rand Merchant Investment Holdings and head of AlphaCode has called on the South African fintech scene to become "a centre of excellence". "Now that the South African Reserve Bank (SARB) has established a fintech programme to track and analyse developments, South Africa has all that is required to become a fintech centre of excellence," says Collett (pictured above). She believes the country has "an advanced banking and financial services system with a sound regulatory regime". "We have extremely competent regulators, top entrepreneurial talent and innovative businesses that are attracting considerable local and global investments. The missing puzzle piece...

  • Sureswipe POS LITE helps Impello provide services to small businesses, startups

    Impello Coworking Space provides startups and small businesses with office space, facilities, services, training, and access to fellow entrepreneurs, as well as experts in order for them to gear up for growth and success. "My vision was to create an ecosystem and stimulating environment in which startups and entrepreneurs could develop and have access to a network of like-minded individuals, mentors and services during their early years, which is a critical, make-or-break period for any new business," says Ondina Pires, founder and CEO of Impello Coworking Space. Based in Greenside, Johannesburg, today Impello Coworking Space has become just that. The co-working space has a...

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