• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

News

  • Reunert acquires majority interests in tech SMEs

    Technology group Reunert, which manages a portfolio of ICT-related companies among electrical engineering and applied electronics firms, has added two more companies to their portfolio. Reunert's first acquisition is a 51% stake in Terra Firma Solutions. The company aims to be a leader in the turnkey energy engineering solutions sector. Their speciality lies in serving predominantly industrial and commercial sectors within SA. According to Terra Firma, the company has already installed numerous rooftop solar energy systems with more than 800 sites covered under their remote energy and water management solutions. Reunert's intention to have a majority stake in Terra Firma was so that the company...

  • SingularityU announces 2017 ‘chapters’ in Cape Town, Johannesburg

    Hosting an intimate event last night at Cape Town's Workshop 17, Singularity University (SU) announced more granular news of its upcoming Cape Town and Johannesburg chapters. Better known as SingularityU, the Silicon Valley-based think tank and startup incubator began life in 2009, and is partnered by companies like Google, NASA and Deloitte. The University has previously graced South African shores with competitions geared towards the country's inventors and entrepreneurs, but the opening of its two new chapters is its latest venture. According to SU's Cape Town chapter figurehead Michael Fichardt, SingularityU "is a place where the world's brightest minds convene to...

  • Startups take note: an update on IP exchange control

    During the 2017 Budget Speech last week, the National Treasury announced that IP exchange control would be relaxed. While this is still an ongoing process, the South African Reserve Bank (SARB) has now implemented changes to the Currency and Exchanges Manual for Authorised Dealers (Exchange Control Manual). Speaking to ExCo member of Silicon Cape and IP & tech lawyer at law firm Webber Wentzel, Aalia Manie, once again, she says that "that Exchange Control approval is still a requirement for cross-border intellectual property (IP) transactions. But now some of the approvals can be obtained from Authorised Dealers and will not...

  • Tala receives US$30-million in funding

    Credit service Tala has recently raised US$30-million in Series B financing, being led by IVP and joined by Ribbit Capital. Additional participants included in the funding round are Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund (F3) Their newly received funding will go toward accelerating their product development as well as to expand into new markets along with building their internal team. Jules Maltz, from IVP, has also joined Talas Board of Directors as part of the financing agreement. "By using smartphone data to build financial identity, Tala is pioneering a new model that can reach more than two billion people globally who...

  • Village Capital launches competition for food entrepreneurs in Africa

    Training and investment company Village Capital in association with The Hershey Company, is looking to support food entrepreneurs in Cote D'Ivoire, Ghana, and Nigeria. The company is looking to identify and support entrepreneurs increasing access and affordability to nutritious food products in those regions. According to a statement on the VC4A website: "West African economies like Ghana, Nigeria, and Côte d’Ivoire are growing rapidly, yet nutrition for children still lags behind. In Ghana, UNICEF estimates that 57% of children under 5 are anaemic, 23% are stunted, and 30,000 children suffer from Severe Acute Malnutrition annually." Village Capital will send 10 startups to the Village Capital’s...

  • #Budget2017: big changes to come for startups with IPs [update]

    Intellectual property (IP) exchange control is a contentious issue in South Africa, especially when it comes to software development and technology businesses. In the 2017 Budget Review, the National Treasury announced that IP exchange control would be relaxed, which is good news for startups. Ventureburn had a chance to speak to Aalia Manie, an ExCo member of Silicon Cape and IP & tech lawyer at law firm Webber Wentzel, about the announcement and what it means for the SA startup industry. National Treasury has proposed relaxations to IP exchange control & loop structures. Our lobbying has paid off! @webberwentzel @SiliconCape — Aalia...

  • eCommerce MoneyAfrica: mobile and digital intelligence in SMEs

    The eCommerce MoneyAfrica Plenary session commenced yesterday with many insightful talks on ecommerce and fintech. Google SA's country director, Luke McKend, and principal analyst at Forrester, James McCormick, spoke on the importance of mobile systems and digital intelligence for SMEs and corporates. "It's about the process, it’s about making sure your businesses can speak to each other, it’s about making sure you have the logistics right. All the big hard stuff, it’s about getting that right," said McKend. He further stretched his point by explaining the importance of the relationship between mobile and financial systems. "I'm doing all these different things with my phone. There...

  • eCommerce MoneyAfrica Confex kicks off in Cape Town

    Ventureburn recently attended the third annual eCommerce MoneyAfrica Confex in Cape Town, featuring a range of notable speakers. Ventureburn editor Graham van der Made chaired the morning session, as well as a panel on the potential for ecommerce in the South African and larger African markets. The morning session covered Uber and Airbnb's global success, and various digital strategies that companies could incorporate to keep up with their customers. Luke McKend, country director for Google SA, was the first speaker, covering the importance of mobile in e-commerce. The eCommerce MoneyAfrica Confex aims to cover a wide-variety of issues and solutions facing e-commerce "I'm doing all these different things with...

  • RainFin concludes 30% equity transaction with LeBashe

    Fintech solution RainFin has announced the conclusion of a 30% equity transaction of an undisclosed amount with The LeBashe Investment Group. "After reviewing a host of investment opportunities, we think that there is an excellent strategic fit between RainFin’s unique value proposition and potential to scale, and LeBahse’s vision to build a pre-eminent black-owned financial services business, which is accessible to all," said spokesperson for LeBashe Investment Group Warren Wheatley. LeBashe's portfolio already consists of a diverse portfolio of stakes in Capitec, and Aluwani Capital among others. As of the end of November, LeBashe has revealed that its asset position stood in excess...

  • Ventureburn is looking for its next editor

    Ventureburn.com is seeking a talented and driven startup-savvy news writer & editor who lives and breathes startups. We're looking for someone dynamic and dedicated to become part of our exciting company based in Cape Town, on a full-time basis. Job details Writing news & feature stories about the continent’s startup story, including conducting interviews with some of the top and emerging entrepreneurs and VC's in South Africa, as well as the rest of the continent. Network with some of the best entrepreneurs in Africa. Attending startup events and sniffing out scoops Subbing, headline writing Managing contributors and topics list Based...