Santam’s ‘Business Legal’ insurance could solve SMMEs’ compliance issues

santam logo Staying legally compliant is notoriously easier for larger companies than it is for small, medium and micro-sized enterprises (SMMEs), especially in a country like South Africa, because of access to legal advice, and the heavy penalties involved with non-compliance. South African short-term insurer, Santam, aims to alleviate that bias with its new offering, Business Legal insurance, which is directed at young companies with the aim of stimulating job creation as well as economic sustainability and growth. A healthy small business sector is ...


Want your startup to be a success? Become an expert in your field

Entrepreneur idea How important is it for entrepreneurs to have specific domain experience prior to founding their startup? As an entrepreneur you are bound to run into this question sooner or later. My journey with startups brought me face-to-face with this question right from the start. I joined a group of friends directly after university to found our first startup. We built mobile applications for SMEs and enterprises that allowed them to manage distributed workforces effectively. Based on my experience, if your ...


Lessons from Israel: how the country became the Startup Nation

Israel startup nation Flickr Some call it a miracle. Others an enigma of the culture. But the statistics surrounding the amount of high-tech startups that are conceived in Israel is astounding. A small country, with roughly 7.6-million people, has approximately 4 800 startup companies and attracts far more venture capital per person than any other country in the world. Dubbed as the Startup Nation, Israel outweighs the United States in venture capital investment per person, totaling US$170 per person compared to US$70 per person ...

Advertising & Marketing, Entrepreneurship

TechInBraam: Johannesburg’s new tech hub is ready to roll

techinbraam We've mentioned the tech renaissance happening in Johannesburg's Braamfontein suburb in our recently compiled startup guide. The initiatives aimed at tech innovation in the area are collectively known as TechInBraam, and things are picking up steam, reports TechCentral. TechInBraam is backed by Wits University and the government, academia and industry partnership based at Wits University, the Johannesburg Centre for Software Engineering (JCSE). Microsoft, Marketing agency Quirk and international IT consultancy, ThoughtWorks, are also onboard. The idea is to create an ICT cluster ...

Featured, Startups

An ecosystem in turmoil: inside South Africa’s startup problems

joburg2 When you think about the number of tech communities popping up everywhere, the question no one seems to ask is whether or not the ecosystem they are in is sustainable. When you think about it scientifically, in a marine ecosystem, if one link is missing the entire ecosystem suffers. It is easy to watch the meteoric rise of a growing tech scene, full of promise, innovators and 10-million people ready to make the same mistakes. It's easy to get caught ...

Ecommerce, Startup news

Rocket Internet’s SE Asian LAZADA secures huge funding for the region

lazada logo Things seem to be going well for Rocket Internet, with news and investments coming every week from the ecommerce cookie cutter company. This time it's with LAZADA, Southeast Asia's (SEA) largest online shopping "mall". The company has announced a new round of funding and the welcoming of Verlinvest, a Belgian family-owned, consumer-focused investment holding company as an investor. Together, with existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group, LAZADA's investors have pumped in an impressive US$100-million in a ...


EDGE Campus launches Qurio, plans to disrupt education

quiro EDGE Campus, the Stellenbosch-based education software startup, has just announced the launch of Qurio-- a free mobile and web product designed to help simplify assessment processes for teachers across the African continent. The product goes live at the 2013 African Education Week. As important as assessment has been in helping educators to better understand how and when to intervene, the process is too often "tedious" and "proves to be a logistical and practical nightmare." According to the startup's research, educators in ...

Africa, Entrepreneurship

USB partners with MEDO for broader education reach

USBED The University of Stellenbosch Business School's Executive Development (USB-ED) and Micro Enterprise Development Organisation (MEDO) have signed a letter of intent to collaborate. This is a partnership between one of the top executive development programs in the world and a support initiative attempting to bridge the gap between the disadvantaged and quality tertiary education. MEDO wants to change the creation and sustainable development of entrepreneurs dependent on corporate Enterprise Development (ED) funding to enable training, business support and relevant initiatives ...


Do you really want to start a business?

entrepreneur As work takes up a substantial part of our lives, it's a question that often evokes a see-sawing set of emotions -- and yet, the answer is simple, really. What compels us to leap, despite a menacing set of fears? I think it has to do with desire. Very simply, the chains of apprehension will snap at a disproportionately great desire to explore the uncharted. So the short answer is: you will if you want to. But do you really want ...

China, Venture capital

Fab receives $150 million in Series D funding, led by China giant Tencent

fab logo Fab, the gay social network turned ecommerce-design service with 14-million registered members, is now worth over US$1-billion after it received US$150 million in Series D funding. One of the investors involved in the round was none other than Tencent, China's largest listed Internet company whose services include social networks, ecommerce and web portals. Fab's impressive valuation has almost doubled since its last round of funding a year ago, but the company remains unprofitable, according to The Wall Street Journal. This indicates ...