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News

  • Nedbank launches financial management play

    Wow. Talk about coming back from behind. A month after its late entry into the world of smartphone banking apps Nedbank has announced an online personal financial management tool. The South African bank claims that the tool, called My Financial Life, is an attempt to help people manage their finances. Running off the back of its online banking platform, the tool won't only be restricted Nedbank customers. Non customers will be able to access My Financial Life via a standalone site. According to Nedbank's group managing executive for retail and business banking Ingrid Johnson, the bank wants My...

  • Listener-driven radio station looks to take Afrikaans music global

    Given that Afrikaans is only recognised as an official language in South Africa and as a minority language in Namibia, it might seem a little surprising that an online Afrikaans-language station is trying to go global. When you bear in mind that there are at least 1.2-million South Africans living abroad though, you can see that Ja.fm might just have a chance. The fact that the top five selling albums in South Africa are all by Afrikaans artists doesn't hurt either. Ja.fm is an online radio station provided by terrestrial station Jacaranda FM, that makes heavy use of the...

  • Vodacom could sell Zoopy by month end

    Ventureburn has received word that Vodacom could offload a large portion of its investment in mobile video product Zoopy before the end of the month. Rumours that the African mobile giant could be selling off its stake in the service first emerged last week. At the moment little is known about the deal. A source, who asked to remain anonymous, told Ventureburn that the sale would definitely go through before the end of the month. When approached for comment, Vodacom spokesperson Richard Boorman refused to comment on a specific date, confirming only that it was looking for a potential investor...

  • TEDxCapeTown live stream coming to a browser near you

    Another TEDx event is hitting the Cape Town tech scene which will "showcases inspirational ideas" in the vein of which TED conferences are revered for. According to TED.com, "TEDx was created in the spirit of TED's mission, 'ideas worth spreading.' The programme is designed to give communities, organisations and individuals the opportunity to stimulate dialogue through TED-like experiences at the local level." The Cape Town edition of the event, which will take place on 21 July, wants to showcase Africa's growing role in the tech world. "We want partnerships, not aid. We are majestic and innovative, and proud to be...

  • PNet acquires Jobs.co.za, scores a premier domain name

    PNet.co.za, a leading South African online recruitment service provider, has acquired Jobs.co.za. The deal will see new enhancements for improved user experience coming to Jobs.co.za, as well as a renewed focus on driving the right candidate traffic to the site, ensuring clients have access to quality candidates. PNet is owned by saongroup.com -- an international online recruitment and software company. The acquisition of of Jobs.co.za will further strengthen saongroup.com Africa's position in the...

  • Intel makes second Africa investment with Ghana’s Rancard

    Africa's tech hubs are coming into their own and now more than ever, the continent is ripe for the taking. It seems Intel is in agreement. The chip maker has announced that it will invest in a cloud company based in Ghana, reports The Next Web. The company in question, Rancard Solutions Limited ("Rancard"), claims to be "a leading provider of cloud based software for mobile content discovery and delivery, focused on Africa". Kofi Dadzie, CEO of Rancard, believes the investment "will play a vital role in enabling us to expand our footprint across Africa" which will aid the...

  • Lights, camera, valuation: Silicon Valley reality show on track for later this year

    A new reality show announced earlier this year, tentatively titled "Silicon Valley" is shaping up to be a riot, by the looks of things. The New York Times published an update on the show's progress and provides some insight into what viewers can expect. The show is set to air in the latter part of the year and being a Bravo TV production, the show is sure to ruffle a few tech industry feathers as it explores the "raucous reality of the tech industry in 2012." As reported earlier, Mark Zuckerberg's older sister, Randi is an an executive producer of the...

  • NYSE-listed company snaps up Cape Town digital agency HelloComputer

    A few weeks ago, speculation hit the media circuit that Draftfcb, a global advertising agency owned by the New York Stock Exchange-listed Interpublic Group (IPG), was in talks to buy a Cape Town-based award-winning digital agency called HelloComputer. It's true: HelloComputer has been bought! In an exclusive interview with the shareholders of HelloComputer, we learned that this acquisition will see Draftfcb’s current digital arm, Mesh Interactive, be absorbed by HelloComputer. At the helm of HelloComputer is co-founder Mark Tomlinson and Managing Director David Moffatt, who have been in the digital space for more than a decade. Moffatt, who also happens...

  • Naspers set to go on Eastern European buying spree

    Emerging markets internet giant Naspers has some serious expansion plans, with an eye on Eastern Europe in particular. Naspers CEO Koos Bekker told Bloomberg that the US$18-billion company was hoping to add between 10 and 20 companies to it's already extensive portfolio of internet businesses. “We see some investment opportunities in the ecommerce space, although opportunities are lower than we’ve had in the past,” Bekker said, adding that the company would take its pick from 100-200 potential acquisitions. That's down from the nearly 300 the company had looked at every year for the past two years. In its earnings...

  • Emerging market fund launched for digital media innovation

    A well-known New York-based fund that focuses on emerging market media has launched an early-stage fund for entrepreneurs developing digital news and information businesses. The fund, called Digital News Ventures, has been launched by the Media Development Loan Fund (MDLF). The MDLF, which operates out of Prague, has invested more than $113-million in 79 independent news companies in 27 countries, mainly emerging markets, since 1995. It backs up all of its debt and equity investments with strategic advice and business assistance. Digital News Ventures will provide early-stage equity finance from $30 000 to $300 000 to entrepreneurs whose ideas...