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  • AI Expo Africa 2018 aims to showcase opportunities in artificial intelligence

    The use of artificial intelligence (AI) has become one of the hottest trends among startups, the world around. This September Cape Town will host one of the continent's first events that aims to promote the AI business opportunities. In a press release on Wednesday, AI Media announced that it expects over 400 delegates to attend the AI Expo Africa 2018 -- which takes place from 9 to 11 September 2018 at the Century City Conference Centre in the city. In all 27 speakers are due to present at the expo, along with 28 AI exhibitors. There will also be an Innovation Cafe housing 20 AI startups. Expo chairman, veteran media and...

  • Company Office

    Investing in stock vs. CFD Trading

    These days it seems that more and more people are trading or investing, either as a secondary source of income or on a professional level. This might be something that interests you and if it is, it’s a good idea to understand the ins and outs of the investment world before you get involved. Specifically, it could be worth looking at two of the major forms of trading, contracts for difference (CFD) and stock investment. We’ll start by examining the more traditional form of investment. Investing in stock Stock investment is all about trading in shares, which are the basic unit of...

  • Here’s how to save your company from looming CIPC deregistration

    The headache of waking up one day only to find out your company does not exist is one that can be easily avoided. Many small business owners might not be aware that the Companies and Intellectual Property Commission (CIPC) -- formerly known as Cipro -- issued a notice on 12 December 2017, via their website stating that certain companies that had failed to submit annual returns to CIPC as is required by the Companies Act would face deregistration next Friday (2 February 2018). This applies all entities registered with the CIPC be they private, external,  incorporated or public companies as well as non-profit...

  • SA startup Akili Labs to exhibit affordable mobile lab at US tech conference

    Award-winning SA biotech startup Akili Labs has been selected to exhibit their mobile laboratory at the Collision Conference, one of the fastest growing tech conferences in the US. The conference takes place between 30 April and 3 May in New Orleans. The startup, based in Grahamstown in the Eastern Cape, has developed an award-winning low-cost medical diagnosis mobile laboratory to help detect viral and bacterial infections. Last year the startup won R50 000 for the best prototype prize at the Department of Science and Technology's Innovation Bridge. In addition, the startup was awarded R500 000 seed funding after taking first place in the...

  • Pargo in talks with Alibaba to become delivery partner for ecommerce giant

    South African logistics startup Pargo is working with Alibaba to look at how the startup can use its smart logistics network to play a key role in improving the ecommerce giant's logistics on the African continent, says the startup's co-founder Lars Veul. "It's still early days, but we're looking at exploring them to use our network in South Africa," Veul said today. In November last year the startup was selected as the first SA delegate to join 24 other startups on the two-week long Alibaba and UN Conference on Trade and Development (Unctad) hosted initiative the eFounders Initiative Entrepreneurship Training Programme, in the city of Hangzhou, China. Read more: Five things...

  • Africa Tech Summit Kigali set to chart progress of African tech ecosystem

    Curious about where Africa's tech ecosystem is headed and looking to strategically position yourself in it? A gathering of investors, academia, entrepreneurs and media will next month map the way forward at the Africa Tech Summit in Kigali. The Africa Tech Summit Kigali -- set to take place on 14 and 15 February --  aims to explore the major trends in the continent's tech sector, connect key players and entrepreneurs as well as drive investment into Africa's tech ecosystem. Africa Tech Summit Kigali, set to take place on 14 and 15 February, aims to explore, connect and drive investment in Africa's tech ecosystem In a press release...

  • Kenyan startup M-Shule wins second place at Global Edtech Startup Awards

    Nairobi-based elearning platform M-Shule last night clinched the runner up spot at the 2017 Global Edtech Startup Awards (GESA) held in London. M-Shule was one of 15 finalists that took part in the final event which culminated in Japanese startup Arcterus taking top honours. Indian platform MentorMind won third place. M-Shule's platform makes use of artificial intelligence (AI) and SMS to deliver personalised, accessible education to primary school students across Africa. "We were honoured to win first runner-up in the GES Awards last night and promote African edtech to the world!" M-Shule CEO and founder Claire Mongeau said in an email. Mongeau said at the end of the awards, one of...

  • New Economy Accelerator to launch P2P learning platform in March

    The New Economy Accelerator (NEA), a Cape Town-based initiative that aims to accelerate high-impact enterprises, has announced plans to launch an online peer-to-peer learning platform to assist entrepreneurs running social enterprises. The platform is expected to launch in March. The accelerator is run by the African Transition To A New Economy forum (ATTANE) and also works with companies in East Africa and the rest of southern Africa. The accelerator's convener Mao Amis (pictured above) said the platform is a result of "key learnings" the accelerator has had from its two most recent cohorts in 2016 and 2017. "Over the last three years, we have learnt...

  • SA Reserve Bank expects clarity on sandboxes, taxing bitcoin by middle 2018

    The SA Reserve Bank says it is still reviewing its position on cryptocurrrency and sandboxes, and anticipates that it will be in a better place to comment on this by the middle of this year. While the Reserve Bank’s current position on virtual currencies is set out in the Position Paper on Virtual Currencies issued in 2014, Ventureburn this week asked the Reserve Bank whether it would be allowing sandboxes for testing of blockchain and bitcoin applications. While at present coin exchanges are required to report cryptocurrency transactions to the Reserve Bank, Ventureburn asked the Reserve Bank if it had taken a decision on implementing any further...

  • Gron Digital betting on $57m platform to improve gambling operators’ image

    Tebogo Makamo, the former head of compliance at the Gauteng Gambling Board, is hoping that his blockchain platform Gron Digital will become an industry standard in making the gambling sector more transparent. The startup launched a pre-initial coin offering (pre-ICO) earlier this week. The platform, claims Makamo, will use blockchain (and smart contracts specifically) to among other things, improve transparency around gambling winnings and ensure that South Africans stick to the law and use only licensed operators to gamble online. The startup plans to launch the ICO proper on 6 February and raise the equivalent of 57 000 Ethereum coins (valued at $57.4-million on 24 January...

  • Four months on, what has become of the SA government’s startup fund?

    Four months after it was announced, the National Treasury and two government departments remain mum on a R1-billion startup fund. The fund was announced in October last year by Finance Minister Malusi Gigaba. Gigaba (pictured above, right) announced in his 2017 Medium Term Budget Policy Statement Speech in October that the Department of Small Business Development and Department of Science and Technology, together with support from the treasury's Government Technical Advisory Centre would set up a fund that "focuses specifically on startups". At the time Gigaba did not mention how much had been set aside for the fund. The following week while answering questions at the National Council...

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