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  • Consumer lending has dropped to ‘almost zero’ under new regulations – Rainfin CEO

    Consumer lending on marketplace lending platform RainFin has ground to a halt since the new National Credit Regulations threshold came into effect on 11 November, the company’s chief executive Sean Emery said yesterday. "Our consumer lending has dropped almost to zero," Emery said, adding that before the new threshold came into place consumer lending made up half of the platform's focus. Under the new threshold, lenders who lend even one cent to consumers have be registered with the National Credit Regulator to do so. Emery said most consumers are reluctant to go through the process of getting registered with the National Credit Regulator. Under...

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    Callpay become first Level 1 Service Provider in Africa to achieve PCI DSS v3.2 compliance

    Callpay, a leading payment solutions provider, today announced that it has become the first Service Provider in Africa to achieve PCI DSS v3.2 compliance. The company recently underwent another rigorous audit by an independent Quality Security Assessor (QSA) to ensure that it meets the best practices and security controls needed to keep card data safe and secure from capture and transmit to processing. Callpay provides a unique range of innovative payment technologies, from its patent pending cloud call centre solutions, Bank Transfer Switch including its mPOS and mPAY Applications. Being a Level 1 PCI DSS compliant Service Provider ensure Callpay’s...

  • Singularity University’s international summit heading to Africa for first time

    Singularity University (SU) is finally coming to Johannesburg. The Silicon Valley think tank is expected to host its first international conference, SingularityU Summit, in the city on 23 and 24 August. The summit will be held in collaboration with Standard Bank and other partners including MTN, SAP and Deloitte. "Singularity University is proud to be working with Standard Bank and Mann Made Media to host this first-ever SingularityU South Africa Summit, and to connect with Africa’s leaders and organisations shaping the future," said associate founder and CEO of SU Rob Nail in a press release. The summit aims to address innovative technologies and entrepreneurs in the sectors of...

  • Mozambique’s Móvelcare selected for Seedstars global summit

    Insurance startup Móvelcare has been selected to represent Mozambique at global entrepreneurial competition Seedstars World's summit in Switzerland next year. The Mozambican leg of Seedstars World concluded last week at the Standard Bank incubator in Maputo. Twelve startups pitched their ideas for a shot to represent the country at the Seedstars World Global Summit in Switzerland next year. Startups from all around the world will come together to compete for up to $500 000 in equity investment. The Maputo event was held in support from Standard Bank and local ambassador UX Information Technologies. In addition Seedstars World partnered with the Embassy of the Kingdom of the...

  • SA animation studio scoops three awards for Revolting Rhymes film

    Cape Town based film company Triggerfish Animation Studios is celebrating. The producers of Adventures in Zambezia and Khumba scored a hat-trick this weekend with their new film Revolting Rhymes -- an adaptation of Roald Dahl and Quentin Blake’s classic book. The company won Best Storytelling at the Shanghai International Film and TV Festival in China, then Best Animation at the World Banff Media Festival in Canada, and finished off with the Cristal for Best TV Production at Annecy in France, the world’s premier animation festival. “With South Africa officially in recession, it’s more important than ever that our economy finds new avenues for growth,” said Triggerfish Animation CEO...

  • Top startup events in South Africa, Africa you should know about this week [19/06/2017]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we've rounded them up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list,...

  • AIF reveals names of 10 shortlisted for $100,000 Innovation Prize for Africa

    The African Innovation Foundation (AIF) has announced the top 10 nominees for next month's 2017 Innovation Prize for Africa (IPA), which will take place in Accra, Ghana. The AIF on Thursday announced the names of innovators from nine African countries including the Democratic Republic of Congo (DRC), Egypt, Kenya, Liberia, Morocco, Nigeria, South Africa, Uganda and Zimbabwe. They include innovative solutions addressing challenges in agriculture value chain, health care, energy, communications, service industries as well as surveillance using drone technology. Now celebrating its sixth year under the theme “African Innovation: Investing in Prosperity”, the IPA -- which will be awarded on 18 July  -- offers...

  • Non-US startups have just over 10 days to apply to NUMA New York accelerator

    Startups looking at entering the US market have until 1 July to apply to NUMA New York. Startups will gain access to quality workspace, targeted events, corporate partnerships and connections to world-class experts. The New York based organisation is of the NUMA global network that fosters startup acceleration and innovation. In a press release NUMA said the 10-week programme, which begins in September, will be hosted at popular innovation hub Alley in midtown Manhattan. The programme is designed by serial entrepreneurs and innovators to help non-US startups scale in the US. Startups will be immersed into the local ecosystem and engage in a focused programme concentrating on either...

  • ‘SA must forget being unicorn factory, focus on tech that solves challenges’

    South Africa is never going to be "a unicorn factory" so startups should focus rather on using technology to help the country solve its many challenge, says Giraffe co-founder Anish Shivdasani. He was speaking at the launch of a new report at the Gordon Institute of Business (GIBS) last night. "The reason most unicorns are from the USA is because their economy is 60 times the size of ours," said Shivdasani, whose startup came out tops at the 2016 Seedstars Competition. 'Reason most unicorns are from US is because their economy is 60 times the size of ours' The event -- to launch Jason Levin's Unicorns, Gazelles & Leapfrogs:...

  • Task team’s investigation into $445m Kapa Biosystems deal drags on

    Months after setting up a task team to probe the $445-million sale of Kapa Biosystems, the Department of Science and Technology is still proceeding with investigations, Science and Technology Minister Naledi Pandor's office said today. It follows the setting up of a task team last year by the department to investigate the deal in which the Technology Innovation Agency (TIA) sold its 49% stake to US shareholders for $4.93-million. The company was subsequently sold to Roche for $445m on 30 November 2015 (an amount which is disclosed in the Swiss pharmaceutical company's 2015 annual report). Pandor's spokesperson Lunga Ngqengelele said he was unable to comment...

  • Seven Startups make it into the BongoHive Launch programme

    Zambian startup hub BongoHive kicked off its Launch Accelerator programme this week by inviting seven startups as its fifth cohort. During the 12-week programme, startups will undergo a series of workshops and get to share a co-working space with other Launch startups. The startups will also be matched with an industry mentor, have access to legal advice and be able to work with BongoHive's in-house accounting and finance lead. Some of the mentors on the programme include Irene Banda Mutalima, founder and director Tucuza Associates; Mwawi Phiri, senior manager procurement and logistics at MTN and Mawano Kambeu, founder and MD at Dot Com Zambia.  The seven startups selected for the programme are: ...