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  • AfricaWorking: corporates announce plan to give 250k youth entrepreneurship, employability skills

    A number of companies, including Barclays Africa; Emerging World; FranklinCovey; Knod; Microsoft; Safal Group; and Syngenta, this week came together to announce AfricaWorking -- an initiative which aims to provide some 250 000 youth across the continent with entrepreneurial and employability skills. Starting in Kenya and South Africa, the initiative aims to work across the continent by 2020. "Most large corporations are looking at youth skills development in one form or another, because it’s crucial to their business," says Lutz Ziob, Dean of the Microsoft 4Afrika Academy. "The idea behind AfricaWorking is to bring these corporations together, align our efforts,...

  • Company Office

    Judges announced for the IAB SA Bookmark Awards 2017

    The IAB SA has announced the list of judges that will decide which contenders will scoop a coveted Bookmark Award in 2017. The team of judges, led by Jury President John Dixon, features more diverse industry players than ever before. Josephine Buys, CEO of IAB SA says, "Our mid-year, judges workshop yielded valuable insights from the best in the business for judging the Bookmarks 2017. We have secured the time and talent of some of the brightest minds in digital and have expanded our pool of experts to include gamers, innovators and engineers.” Judges will now fall under the categories of...

  • Why doing things that don’t scale is vital to your startup’s survival [Infographic]

    The ability to scale: it's one of the main differentiators between a startup and a small business, but does everything in your startup have to scale? While the intuitive answer may be "yes", there's actually a lot to be said for doing things that don't scale. One of the foremost advocates for this approach is Y Combinator founder Paul Graham. In an essay penned in 2013, Graham points out that a lot of what allows a startup to grow comes from its founder doing things that don't scale. "Startups take off because the founders make them take off," he...

  • Seedstars crowns 3 winners at Soweto startup pitching event

    International startup programme Seedstars, announced Umoyair, Sortd, and Riovic as winners of its Soweto pitching event. The event took place on 11 June at eKasiLABS Garankuwa, Tshwane. The event consisted of ten pre-selected startups pitching in front of a panel of judges and an audience. Thereafter, the three winners were decided. The three startups will go on to compete in Johannesburg against winners from the Cape Town and Durban Seedstars pitching events. From there, an overall South African startup winner will be chosen who will represent SA in the Seedstars World pitching event in 2017,  and stand a chance of winning a US$500 000 equity prize. Jacobs...

  • Do you want to be a mentor? These 5 tips will help

    Mentoring youngsters can be an effective way to develop their interpersonal and professional skills. As a mentor, it is your responsibility to provide support and contribute towards their career aspirations through careful guidance. It is all about using your experience, expertise, guidance and wisdom to prepare your mentees for a better future. Mentoring is a virtue that comes with experience. Nobody can become an inspirational mentor in just one day. It is a life skill that has to be learned, developed and nurtured over a period of time. It's a continuous learning curve. You must be willing to grow and...

  • DataProphet hopes to leverage Yellowwoods investment for international expansion [update]

    Machine learning startup DataProphet says it hopes to use its recent investment partnership with Yellowwoods Capital Holdings to expand its international offering. The partnership, which saw Yellowwoods acquire a significant portion of the company, is the latest from a private equity company which has a pretty strong record in the South African business space. Previous investments include Hollard Insurance, Clientele Limited and Nando’s, amongst others. As part of the deal, DataProphet will act as the advanced analytics partner for the group. "This investment is a testament to the team we have built, to our capabilities and ultimately to the field as a...

  • CiTi, Media24 partner to build developer talent

    The Cape Innovation and Technology Initiative (CiTi), has announced a partnership with Media24 aimed at building developer talent in the Western Cape. Called The Hub @ Media24, the partnership is the latest initiative to come out of CiTi's CapaCiTi programme, which aims to close the gap between unemployed young people – many with tertiary education – and the shortage of technology, specifically coding, skills in the Western Cape. Launched on 1 June, the The Hub @ Media24 was officially launched on 1 June 2016 and is located in the Bandwidth Barn Woodstock, CiTi’s business accelerator and incubator. The initial...

  • LifeQ inks deal with Garmin for digital health solution

    LifeQ, the Stellenbosch-based biotech startup, is on a serious roll. In the 18 or so months since it launched globally, its technology has been used by TomTom, it's announced a partnership with US-based designer and manufacturer of semiconductor products and solutions US Analog Devices, Inc. (ADI), and now it's partnered with Garmin with the goal of developing a "connected health solution". According to a press release sent to Ventureburn, the aim of the partnership is to ensure health data generated from its wearable devices delivers on current and future high efficacy information requirements of the health insurance and corporate...

  • New 4Di Capital VC fund raises R256m

    This is very good news for the South African startup space. 4Di Capital, the Cape Town-based venture capital firm has raised R256-million for its new fund, aimed at early and growth-stage startups. According to an official blog posted on the company's website, the bulk of the money for the fund comes from MMI Holdings's recently launched Exponential division. Headed by company veteran Jaco Oosthuizen, the division's aim is to hunt out innovative entrepreneurs. To date, it's primary focus has been on potentially disruptive innovation opportunities around financial wellness globally and domestically in South Africa. In the...

  • SA-based Snapt expands after nabbing $1m in funding

    South African tech company Snapt is expanding after it secured almost US$1-million from local investment firm Convergence Partners. The company, which provides "high-end virtualised and cloud-based load balancing, web acceleration and security software", confirmed that it has appointed 4Di Technologies as its African distributor. The news sees the SA company shift some focus back to its home continent, signalling a potential move away from North America. It confirmed that South Africa will be the initial focus, but that East and West Africa are on the cards too. Speaking of clients, the company also provided interesting figures on its growth. "Since its launch in 2012, it has grown by...

  • Is EFT the new payment comeback kid?

    Electronic Fund Transfers (EFT) may be one of the older payment methods on the block, but thanks to fraud and crime they are experiencing a revival. As technology platforms evolve to make EFTs more easily managed by users and merchants alike, they are growing in popularity. EFT payments are also more cost-effective and break down significant barriers to entry. A recent 2015 Ipsos survey examined some of the drivers and barriers that impacted online shopping around the world. The survey found that 22% of South African internet users have made purchases using EFT as their preferred payment, with this...