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News

  • Workshop17 officially launches to celebrate African collaboration, innovation

    In order to foster collaboration and innovation among South Africa and the greater continent, the V&A Waterfront’s Workshop17 officially launched last night in Cape Town. The innovation hub was born out of the desire to support all kinds of initiatives -- whether startups or big, experienced companies. Workshop17 will be managed on behalf of the V&A Waterfront by OPEN, a co-working space operator and a partner in the initiative. The initiative will curate and manage a programme of talks, lectures, workshops, and educational programmes that will concentrate on fostering innovation among entrepreneurs. "Workshop17 was a seed of an idea six years ago...

  • The Duke of York, President of Nigeria start African Entrepreneurship Programme

    The African Entrepreneurship Programme (AEP) has been created in partnership by the UK's Pitch@Palace and The Global African Investment Summit (TGAIS). This venture aims to further develop the African private sector while stimulating innovation and technology throughout the continent. Much like similar entrepreneurship programmes, AEP will allow businesses the opportunity to present and connect with potential investors. This will help open doors to them, which would normally be closed or difficult to open. A chosen top three entrepreneurs will present their business proposals to an audience of potential investors, mentors and CEOs at the Pitch@Palace event at Central Hell Westminster, London 1...

  • Alan Knott-Craig Jr gets into the ISP game

    Former Mxit CEO and current Project Isizwe head Alan Knott-Craig Jr has entered the internet service provider game. The serial entrepreneur today launched a new Wireless Internet Service Provider (WISP) aimed at bringing wireless broadband to homes and offices. The new venture, called HeroTel, is meant to consolidate the local WISP space (which currently has more than 200 providers) and provide a viable last-mile broadband alternative across the country. Right now the business' site is scant on information, saying only that it "partners with Wireless Internet Service Providers (WISPS) around the country to help them become more profitable" and that...

  • 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 &...

  • Does your personality type fit that of an entrepreneur?

    According to a survey conducted by a California-based personality and career assessments company, Truity Psychometrics, found that extraverts are more likely to become entrepreneurs. The four main deciding factors of the survey included extraversion (E) vs. introversion (I); sensing (S) vs intuition (N); thinking (T) vs feeling (F); judging (J) vs perceiving (P), as well as a second set of basic questions, such as income, age, and gender. Out of the 25 759 respondents, only around half completed the survey. From that the numbers were whittled down to those over 18 and who had answered the salary question. This left the...

  • 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...

  • 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...

  • Duty free shopping startup named top dog at Seedstars Abidjan

    Duty free shopping startup Airshop has been named the regional winner of Seedstars World in Abidjan, Côte d'Ivoire. The global competition for startups from emerging markets recently hosted a total of 10 local company founders to pitch at the Orange Technocentre in Abidjan. Startups competed for a shot at the grand prize of US$500 000, which will happen at the finals in Switzerland. Other investments and prizes up for grabs are a US$500 000 equity investment by lastminute.com group for the best travel startup as well as a US$50 000 grant for the best space startup. Abidjan's top startup Airshop is a platform...

  • Finalists announced for 2015 She Leads Africa pitch competition

    The She Leads Africa competition has announced its top six finalists for the 2015 Entrepreneur Showcase event. Taking place between 25 to 26 September in Lagos, Nigeria, the finalists will pitch to a panel of judges and compete for the grand prize. Apart from first place receiving US$10 000 in cash, direct access to investors, and international media exposure, second place will receive US$5 000 while third place will receive US$1 000. She Leads Africa will also invest between US$25 000 and US$50 000 in two of the top five businesses. This investment is meant to allow for further expansion for the...

  • SUPERBALIST.COM CELEBRATING YOUTH Changing the way the youth shop and applauding creative talent

    Superbalist.com, South Africa’s only high-trend curated online shopping destination, has in excess of 1 million members. With an ever expanding selection of the best international brands at affordable prices; an understanding of what the youth market wants in terms of shopping and content; and campaigns that resonate with their target market, the site is set to change the way the youth shop and consume information. “We understand what it’s like to want coveted international...