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  • Acsa, Tshimologong Precinct launch hackathon challenge on airport security

    Have an idea for a disruptive security access solution? Airports Company of South Africa (Acsa) and Wits University’s Tshimologong Digital Innovation Precinct, have partnered to launch a security access management hackathon in which three winners will each receive a seven months of business incubation. Aimed at streamlining the company’s security access, the Acsa Access Management Challenge, hopes to find a security solution utilising a Single Sign On (SSO) approach that is both unique and able to have a significant impact on the market. In a press release today Tshimologong Digital Innovation Precinct community manager Itumeleng Dhlamini says that the hub welcomes the collaborative project with Acsa and is...

  • Company Office

    Case study: How Google Cloud Platform powers Nomanini’s payments platform

    Google has commended South African-based enterprise payments platform provider, Nomanini, for its role in modernising informal markets using Google products. Google’s Cloud Platform team visited Nomanini earlier this year to learn more about how the company uses Google Cloud Platform to build and support the Nomanini platform, which enables transactions services such as mobile phone airtime, electricity and insurance in the cash-based informal retail sector. Nomanini is driven by its mission to provide affordable access to payments for everyone, everywhere. The management of micro payments and distribution of prepaid vouchers in informal markets across Africa is expensive and presents logistical challenges....

  • Call for submissions for $1m Al-Sumait Prize for African Development

    One lucky African entrepreneur or innovator with a cutting edge health solution stands the chance to win up to $1-million in prize money, with the launch this week of the Al-Sumait Prize for African Development. The Kuwait Foundation of the Advancement of Sciences (KFAS) on Monday (15 January) opened a call for nominations for the health category award in the 2018 Al-Sumait Prize. Applicants have until 30 June to apply. The winner of the Al-Sumait Prize for African Development will get $1-million Nominations are open to innovators or organisation who have developed innovative solutions to Africa's health challenges. The Al-Sumait Prize for African Development is awarded annually and aim...

  • Here are the SA fintech startups to watch in 2018 [Opinion]

    Fintech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017.  This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode, a Rand Merchant Investments club for fintech startup entrepreneurs. Bitcoin At the end of 2016 I predicted that 2017 was going to be the year that the world would embrace bitcoin. I thought it would go mainstream but I had no idea how mainstream it would become. We have seen the bitcoin price increase from $1000 at the beginning...

  • Uprise.Africa opens Storied to investors in possible first for crowdfunding in SA

    Equity crowdfunding platform Uprise.Africa has opened what could be possibly South Africa's first live equity-crowdfunding campaign to investors, with the launch yesterday of Jacana Media's Storied SA initative. The campaign, which aims to fund the publication of more African literature was launched yesterday at 2pm and will run until 15 April, Uprise.Africa chief marketing officer Inge Prins told Ventureburn in a phone call today. The platform aims to raise R3-million over the next 88 days in return for 49% equity for investors. At the time of publication, the platform had raised just R6000 from two investors. Storied SA project manager Leabiloe Molapo said she was both "excited and...

  • Developing a blockchain app is not that difficult, says man behind hackathon

    Getting into blockchain app development is not as difficult as people make it out to be, as the resources to do so are available to everyone, says Andrew Tudhope, a lead architect and mentor at blockchain production studio Linum Labs. "Anybody with university education and with further education is more than capable of scaling skills up by looking for and using the resources," said Tudhope, speaking ahead of The Unlock the Block Blockchain Hackathon 2018 which is set to kick off next week Monday (22 January) in Cape Town. He believes the barrier to entering blockchain development for many is more "psychological than real". "People think it's hard to...

  • ‘Entrepreneur prize not bankrolled by Angolan sovereign wealth fund’

    Swiss Angolan entrepreneur Jean-Claude Bastos de Morais says his Innovation Prize for Africa (IPA) has not received any donation from Angola's sovereign wealth fund which his company manages. The (IPA) is an annual competition which honours leading entrepreneurs and innovators on the continent and is run by the African Innovation Foundation. Angolan President João Lourenço last week sacked former president Eduardo dos Santos's son José Filomeno dos Santos as head of the sovereign wealth fund. Dos Santos junior has a close relationship with Bastos de Morais, whose company Quantum Global manages Angola's sovereign wealth fund. 'The IPA is not related nor receives donations from the Angolan sovereign wealth fund...

  • Michael Jordaan blown away by all the good wishes on app-based Bank Zero

    Former FNB head and venture capitalist Michael Jordaan says he's "blown away by all the good wishes" on his announcement today of the planned launch of an app-based bank later this year with former FNB colleague Yatin Narsai. "Blown away by all the good wishes. Hope to not disappoint when we launch end 2018," Jordaan (pictured above) tweeted at about 12pm today. Blown away by all the good wishes. Hope to not disappoint when we launch end ‘18 https://t.co/nCZgLuUcjC — Michael Jordaan (@MichaelJordaan) 16 January 2018 It follows the announcement of the bank's imminent launch that Jordaan made earlier today at 9am on the Bank Zero website. In the...

  • Simodisa to integrate Venture Central site with other existing portals

    SA entrepreneurship advocacy body Simodisa will in coming months begin integrating its Venture Central portal for entrepreneurs with other exisiting portals, the startup advocacy group's operations co-ordinator Batsi Mphahlele said yesterday. Mphahlele, who is also the co-ordinator of the portal, said the development would also include the addition of other aspects as per feedback received from subscribers and those in the tech ecosystem. The portal, which Simodisa launched in November last year now has had 1023 subscribers since its launch in mid-November, with most visiting the resources page, and events calendar. The site also offers news, business information and links to opportunities and various tools, templates and...

  • EasyEquities postpones launch of equity crowdfunding campaign by two weeks

    Investment platform EasyEquities has postponed the opening of the investment round of its first equity crowdfunding campaign of 10 Startupbootcamp Cape Town startups by two weeks. The round is supposed to have opened today (15 January), however the campaign's page now lists 1 February as the date the investment round will open (see the screen grab below, taken from the company's website today).Purple Group vice-president for business development Almero Oosthuizen (pictured above) said the company decided to delay the offering so that it could update the shareholder prospectus -- which lays out the terms of the investment. The initial prospectus, he said, made use of language...

  • Ripple’s Stefan Thomas to give keynote address at the Blockchain Africa 2018

    The producer of the well-known “What is Bitcoin?” video, Ripple chief technology office Stefan Thomas, will give the keynote address at this year's Blockchain Africa Conference, which takes place in Johannesburg on 8 and 9 March. The announcement was made in a press release today by the event's organiser Bitcoin Events. Ripple provides enterprise blockchain solutions for global payments. Thomas is also known for his open-source software projects, such as BitcoinJS, are widely used in the industry serving millions of cryptocurrency users. Since joining the San Francisco-based company in 2012, he co-created the Interledger protocol (ILP), an open protocol for moving value across  ledgers in the same way...