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News

  • South African VC Knife Capital receives international recognition

    To the people living on the African continent, the brilliant innovation emerging from the continent's unsung entrepreneurs is axiomatic. The rest of the world however remains largely unaware of its rise as a tech powerhouse. To those paying attention however, it's clear. In its Fortnightly Thoughts research report American investment banking and securities company Goldman Sachs asks: “Is now the time for multi-nationals to be investing in Africa?” The answer: In short, our conclusion is yes. Africa’s exceptionally robust growth over the last decade is probably understated (informal parts of economies are very big), but not being able to measure this growth...

  • Google’s Woza online: 25k sites now live

    If your business doesn't have an online presence, it might as well not exist. For small businesses in particular that hasn't always been easy. Google's Woza online initiative, which provides free websites to small and medium-sized businesses aims to change all that. It doesn't seem to be doing badly either. According to the internet giant, some 25 000 businesses have signed up to the initiative since its launch in January this year. Google South Africa chairman Luke Mckend said the take up of Woza online reflected the "energizing" spirit of entrepreneurs in the country. He also revealed a...

  • SA fashion retailer launches online store

    Ecommerce in South Africa is gaining traction with new ecommerce plays entering and exiting the market more and more frequently. Last year retail outlet Woolworths launched an online store for its fashion line, becoming one of the first major South African retailer to enter the ecommerce space. Now another chain retailer has joined the party. Affordable fashion retail outlet Mr Price's online store went live today under the moniker MRP. We are live!! #mrponline Woohoooo— Mr Price Fashion (@MrPriceFashion) July 30, 2012 The publicly traded retail company announced its plans for an online store earlier this year as an attempt to...

  • Deloitte to recognise 50 of SA’s hottest tech companies

    This is interesting. Deloitte is one of the world's so called Big Four professional service companies, so being recognised as one of its Fast 500 companies is a pretty big deal. The awards recognise the 500 fastest-growing technology companies in regions around the world and, for the first time, South African companies are eligible for the service. The country will hold the Fast 50, a subset of the awards, the winners of which will be put forward to a regional Fast 500. “Technology is still one of those fast changing sectors that have a wider impact...

  • 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...