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  • The effects of emerging markets on economies through 2016

    Many financial analysts have abandoned all hope of an economic rebound in 2016. After starting the year with the 22.6% drop in the Shanghai Stock Exchange, the global economy took even more hits from economic struggles and protests in Venezuela, an economic slowdown in Nigeria, and the effects of a failed coup in Turkey. Now, with top-tier companies failing to hit estimated profit marks, stocks tumbling, and fiscal outlooks being lowered across the board, some analysts have taken to describing the global economy as downright "challenging," "fragile," and "grim." But despite the dreary headlines dominating the media as of late, most...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • WDB Seed Fund set up to help solve funding woes

    Newly formed WDB Seed Fund seeks to develop an urgent response to the scarcity of funding for startups in their early growth stages. The fund is made up of for-profit social enterprise, Seed Engine, WDB Investment Holdings, an organisation driven to impact the lives of other women in rural communities in SA, as well as Grovest, an SA VC company. The WDB Seed Fund also offers investors tax advantages, as well as Broad-Based Economic Empowerment (B-BBEE) points, for those who wish to invest. This is because the investment would be utilised for enterprise and supplier development initiatives. The fund has also been established...

  • Thinking global: which language should startups choose?

    Acting as a global champion from the very beginning and doing business in international markets has never been easier for startups. Translation is a key driver for global success and opens doors to news markets. Language is capable of uniting very different ecosystems and helps startups to do business all around the globe. But which language shall be targeted? How many languages does my business need to know? Which languages are successful unicorns targeting? Today’s blog post answers these questions and guides startups through the language and translation labyrinth. There's more to it than English The majority of content on the Internet...

  • Tunisian smart prosthetic gains recognition at Microsoft Imagine Cup

    When you hear about amazing developments in technology and science, you seldom think of "Africa" sadly, and more about developed Western and Eastern nations. However, the runner-up in Microsoft's Imagine Cup 2016 is proving otherwise. Tunisia's Night's Watch is a technology startup founded by students Amir Ben Said, Soumaya Tekaya, Mohamed Zied Cherif and Mohamed Assil Mekki, from Espirit University. Their Smart Hand project took home second prize in the Imagine Cup 2016 World Citizenship Category, being cheaper than most prosthetics. The prosthetic doesn't require any surgical integration, while also being incredibly customisable with a mobile application. The idea for a more affordable smart-prosthetic...

  • Free internet startup selected as Seedstars World Angolan winner

    Free internet startup Wi-Connect has been crowned the winner of the Seedstars World Angola pitching event. The event took place on 27 July at Banco Económico in Angola. "We have created this startup because we believe that making everyone connected has the opportunity to make Angola a better place," says the founder and CEO of Wi-Connect, Paulo Aurojo, in a press release to Ventureburn. Wi-Connect will go on to compete with 60 other startups from around the world at the Seedstars World finals in Switzerland in 2017. There, they will compete for an equity prize of up to US$1-million. The first runner-up at the Angolan event...

  • SA Innovation Summit Brings Startup World Cup to South Africa [SPONSORED]

    Global startup conference, Startup World Cup, is partnering with the SA Innovation Summit to host its first ever South African regional competition. This regional competition will be held on 22 and 23 September 2016 as part of the annual SA Innovation Summit event in Johannesburg in the Ventureburn Pitching Den. Startup World Cup is a global conference and competition with the goal of bridging startup ecosystems worldwide. There will be 15 regional events across North America, South America, Europe, Africa, Asia, and Australia, leading up to the Grand Finale in Silicon Valley. This is the first ever event of its type, organised by...

  • Top startup events in South Africa, Africa you should know about this week [01/08/2016]

    Looking to get into the South African startup scene or scratch 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 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, or...

  • The Solaris initiative: locally sustainable biofuel for jets

    Human nature is to progress, to continually improve on existing structures. Project Solaris is an example of that nature. A joint initiative started by Sunchem SA and SkyNRG, it's already making progress in the world of biofuel. Two years ago, Sunchem SA and SkyNRG launched the project in Limpopo with the aim to roll it out on a wide scale and be the go-to for locally sustainable jet biofuel production. Today, they've achieved that goal. "The Solaris crop yields about 2.5 MT ton (sic) of oil per hectare. This is significantly more than traditional oil crops," said Solaris' Project Manager Samantha Hampton in...

  • Vickers Venture Partners is raising $250 million for its new global fund

    Despite fears of a slowdown that has already caused some sobering devaluations in markets like India and China, it seems that venture capital will continue to flow for a little while yet. Singapore-headquartered investment firm Vickers Venture Partners plans to pour some water into that stream with its newly announced fund with a target size of US$250 million. Vickers has already raised US$63.5 million from existing investors. Capped at US$400 million, it could become one of the largest funds by a Singapore VC so far, close to the US$600 million fund that Temasek poured into subsidiary Vertex Ventures last October. It’s...

  • Vinny Lingham named fourth ‘Shark’ on M-Net’s Shark Tank

    VC and co-founder of Silicon Cape, Vinny Lingham, has been named the fourth 'Shark' on M-Net's upcoming pitching show, Shark Tank. Lingham joins co-CEO of The Creative Council, CEO of The Beancounter, Gil Oved, Marnus Boordyk, and CEO at Europcar and Imperial Car rental division, Dawn Nathan-Jones on the judging panel. The show's setup features entrepreneurs pitching their business ideas to the panel of judges for funding. The Sharks may then decide to invest in the idea, or decline. If more than one Shark decides to invest, the contestant will need to decide who they're going with. Lingham is no stranger to this type of...