Africa, Startup news

Microjobbing startup M4JAM boasts over 7k tasks completed on launch day

M4Jam-logo South African microjobbing startup Money for Jam (M4JAM) has announced that 7 404 jobs were completed within the first 24 hours of its launch last week. M4JAM co-founder Andre Hugo says the community response has exceeded the startup's expectations. “The adoption, quality [of jobs and jobbers] and engagement have been amazing. It’s been 100 times more positive than we could ever have hoped for,” he says. The service currently leverages the mobile social networking platform WeChat, which companies can use to allocate simple ...

Africa, Entrepreneurship, Interviews

[Exclusive] Fresh off the Dragons’ Den set: Ventureburn chats to Vinny Lingham

Vinny-photies The announcement of the judges for the South African version of Dragons' Den was pretty much the headline news of the week in the country's entrepreneurial space. The show is set to air in South Africa in the coming months, with 13 episodes of startups pitching to the Dragons for investment. One said Dragon, Vinny Lingham, of Yola and Gyft fame, popped round Ventureburn’s Woodstock offices in the Silicon Cape for an interview. Lingham was very hush-hush about any of the ...

Ecommerce

South Africa’s big ecommerce problem is supply, not demand

ecommerce computer card Most of the discussion about the slow growth of e-commerce in South Africa focuses on consumers. But the biggest problems may be on the supply side. We hear the same old arguments all the time. Consumers take a long time to feel comfortable about shopping online, South Africans like to touch and feel before buying, and so on. But instead of focussing on what we think is wrong with consumers, maybe we in the industry should focus on how we ...

Africa, Startup news

Mobile PoS startup Nomanini records over one million transactions

nomanini Sub-Saharan Africa's mobile payments space is getting more exciting by the day. South Africa based mobile Point of Sale (PoS) startup Nomanini today announced that vendors and micro-entrepreneurs have made more than a million transaction using its system since its founding in 2010. Nomanini is popular for its mobile PoS terminal which gives the merchant the ability to sell airtime, electricity, insurance process other cash based transactions. Just a few weeks ago, Nomanini received a second round of investment ...

Africa, Startups

6 clever tech startups trying to pop Africa’s remittance bubble

remittance Remittance is a massive cash cow in Africa and the rest of the developing world. The service fees for transacting money from across the continent or abroad amounts to an estimated US$60-billion – a ridiculous amount that’s even said to outweigh Western aid in the continent. But the cost isn't limited to taxing financial fees. The value of time and security also affects a massive portion of the developing world. Africans sending money home from abroad are charged an average of ...

Entrepreneurship

Grindstone reports 61% increase in revenue for all its companies

SAMSUNG CSC A little more than a year ago, I had breakfast with Keet Van Zyl, from Knife Capital. He told me he was about to launch an accelerator programme for "scale-up" companies. My response: "Oh dear, not another one". Knife Capital is a Southern African growth equity fund manager and advisor that focuses on innovation-driven ventures with proven traction. What the company wanted to do was prove that growth could be engineered through its Grindstone accelerator programme -- an entrepreneurial leadership academy of ...

Africa, Mobile apps, News

MTN dubs Live Inspect South Africa’s best business app of 2014

MTN-Logo South African telecom giant MTN has announced the category winners for its popular annual business app competition. Data capture app for insurers Live Inspect was named this year's winner. This being MTN Business App of the Year Awards' third event running, competition was exceptionally stiff, according to MTN. The awards included an extra Consumer’s Choice category, which is the only awards category not influenced by the judges. Mobile payments app Zapper walked away with the trophy in that particular category. ...

Advertising & Marketing

Dentsu Aegis buys out Crimson Room Communications, will be integrated into Posterscope

Crimson Room The spate of acquisitions in the South African agency space shows no sign of slowing down, with Crimson Room Communications the latest to be bought out by a large international network. The experiential marketing company has been bought out by Denstu Aegis, which itself is made up of eight global network brands, including Carat, Dentsu, Dentsu media, iProspect, Isobar, mcgarrybowen, Posterscope and Vizeum. Established in 2005 by Philippa Viljoen, Crimson Room Communications offers a range of experiential marketing services from ...

Emerging Markets, Startups

Placing your bets: 5 BRICS startups making it big that you need to know about

Bricks-colour If I ask you to name one startup from each of the BRICS countries, chances are you will stutter Alibaba, maybe Vkontakte, and then try Google something (which you won’t find). So for you to shine at your next dinner party or just to fill your wealth of knowledge, here’s a guided tour of big startups from Brazil, Russia, India, China, and South Africa. Brazil’s Hotel Urbano: how to beat Bookings.com in one year only Let’s start with Brazil, both because it’s ...

Africa, Ecommerce, Startup news

Popular SA foodie online shop Yuppiechef is going international

Yuppiechef---Logo---RGB South African-based online kitchen utility shop Yuppiechef is recognised as one of South Africa's top commerce platforms and is well known for its cult loyal community support. Now, the company has announced that it's expanding its vision, and focusing on sales to  other countries. Since launching in 2006, Yuppiechef has been nominated as South Africa's best ecommerce site four times. It has also boasted impressive revenue stats over the last few years. In essence, what it's been doing in South Africa works. As part of its global strategy, the ...

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