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News

  • Mining hackathon reveals SA gems

    The Unearthed global innovation programme last week hosted over a hundred Cape Town entrepreneurs and innovators to develop prototype solutions for some of the world's largest resource companies. What first started out in Perth, Australia, the Unearthed hackathon events are unique 54-hour long activities focused on the resources sector. A total of 17 teams were formed to solve one of the different problems faced by companies like De Beers and Anglo American. Some of these challenges included real-time particle analysis, using sound to detect the end of a mine and predicting what the future of mining looks like. Read more: These are...

  • Top startup events in South Africa, Africa you should know about this week [08/02/2016]

    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...

  • French insurance giant buys into African ecommerce in $83m deal

    French insurance giant AXA has bought an eight percent stake in Africa Internet Group (AIG), one of the continent's largest ecommerce players. The deal is valued at €75-million (over US$83-million). According to Forbes, AXA will become the exclusive insurance provider for AIG, which includes the Nigerian-based Jumia and other ecommerce operations in Africa. Other AIG services include Kaymu, a leading online shopping community, as well as marketplaces in food delivery, travel, real estate, jobs and cars. Read more: Kenyan Hellofood users can now order KFC, Ocean Basket online “Internet is creating unparalleled opportunities for consumers and businesses in Africa to connect and do...

  • SA Entrepreneurs: you now have your own loyalty rewards programme

    The financial institution aimed exclusively at entrepreneurs Mercantile Bank, on Friday announced that it had entered into an agreement with wiGroup to develop a loyalty and rewards programme for its clients. The app-based reward programme will reportedly enable entrepreneurs to earn and redeem points at till points of most major retailers using QR code technology. "As a bank that works closely with entrepreneurs, we had numerous discussions with our clients to understand what they wanted from a rewards programme," says the bank's head Tom Stilwell. "Two things came out strongly. Rewards must be easy to redeem – many clients complained that...

  • Top startup events in South Africa, Africa you should know about this week [01/02/2016]

    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...

  • 18 mistakes every startup should seriously avoid [Infographic]

    Many estimate that between 25% and 30% of all startups fail within their first year. The reasons why they are unique to each company, though there are 18 very common causes that we all should avoid. In 2007, founder of the successful Y Combinator incubator in the US, Paul Graham, jotted down a list of notorious things startups tend to do that end up leading to their awful defeat. Now, the folks at Funders and Founders have illustrated this beautiful infographic for all of us to remember. Read more: Fail fast, succeed faster: Lean Startup Machine finally kicks-off in Joburg Graham wrote: In...

  • Gyft founder Vinny Lingham scores $2.75m for identity protection startup

    South African serial entrepreneur Vinny Lingham has just revealed that his latest startup, called Civic, has raised US$2.75-million in seed funding. Based in Palto Alto, Civic is described as an identity protection service that relies on bitcoin blockchain technology to secure consumer data. "The key thing is that we are offering prevention of identity theft and fraud. The current solutions in the market only clean it up after the fact, with much hassle and losses," Lingham told Ventureburn. Banks and other financial institutions that require Social Security numbers could ping Civic when there is an attempt to open an account....

  • Konga founder Sim Shagaya steps down as CEO

    Nigerian tech entrepreneur Sim Shagaya has announced he is stepping down as the CEO of Konga, which is one of Africa’s leading ecommerce companies. In an email sent to the company's staff, Shagaya said he is stepping down to assume the role of the chairman of the company’s board of directors. Former Konga COO Shola Adekoya has been appointed acting CEO, who will be in charge until in interim until the board has made a new appointment. Shagaya launched Konga in 2012 and has been in charge of the company since its inception. Under him, Konga grew to become one of...

  • Rand Merchant Insurance opens Jozi-based Fintech hub

    South African financial services company Rand Merchant Insurance (RMI) on Tuesday announced the launch of AlphaCode, a new fintech hub operating out of Sandton, Johannesburg. Described as a collaborative club for next generation financial services entrepreneurs, the hub is meant to provide a platform for members to engage and work alongside experienced entrepreneurs, technology investors and industry experts, resulting in accelerated growth and access to market. As well as an office space, AlphaCode features a clubhouse for entrepreneurs, an active online community and regular networking opportunities. According to a press release sent to Ventureburn, the concept is modelled...

  • Crazy about startups and all things tech? Ventureburn might have the job for you!

    Ventureburn is looking for an experienced journalist to further help cement the site in becoming South Africa, and Africa's, go-to publication for all things startups. If you're well-grounded in the local ecosystem and can argue the pros and cons between angels, VCs and bootstrapping, you're probably the person we're looking for. If you love networking with some of the industry's brightest minds and tell the stories of those up-and-coming, this should be your dream job. Ventureburn offers insightful and original thought leader pieces, ‘how to’ and resource articles, and the latest news for startups and entrepreneurs specifically aimed at Africa and...