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Applications now open for Anzisha Prize youth entrepreneurs awards
Applications for the Anzisha Prize, an award celebrating Youth Entrepreneurs who've made their mark on SA, are now open. It was established by the African Leadership Academy (ALA) along with the Mastercard Foundation. 15 entrepreneurs between the ages of 15 and 22 will have the opportunity to win a share of US$100 000 and receive ongoing consulting services as well as access to a network of global leaders. "Finalists for the Prize win far more than access to a share of the pool of US$100,000 in prize money, they also access a business incubation fellowship aimed at growing their business and supporting...
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17 South African startups to watch out for in 2017 [Digital All Stars] [update]
Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. In this piece we take a look at all of the interesting (and one or two controversial) changes that SA startups have gone through in 2016. With that in mind, we compiled a list of companies to watch for in the year ahead. BitX / Luno Easily one of the most popular Bitcoin wallets worldwide, BitX launched out of...
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RainFin concludes 30% equity transaction with LeBashe
Fintech solution RainFin has announced the conclusion of a 30% equity transaction of an undisclosed amount with The LeBashe Investment Group. "After reviewing a host of investment opportunities, we think that there is an excellent strategic fit between RainFin’s unique value proposition and potential to scale, and LeBahse’s vision to build a pre-eminent black-owned financial services business, which is accessible to all," said spokesperson for LeBashe Investment Group Warren Wheatley. LeBashe's portfolio already consists of a diverse portfolio of stakes in Capitec, and Aluwani Capital among others. As of the end of November, LeBashe has revealed that its asset position stood in excess...
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Exclusive Q&A: 88mph founder Kresten Buch on Ahoy investment
Investment company 88mph recently broke a long silence by announcing an investment into flight booking and management app for small businesses, Ahoy. Though the LinkedIn post, written by the 88mph founder Kresten Buch, detailed the investment, it didn't have all of the details. Ventureburn reached out to Buch to ask a few quick questions on why 88mph invested in Ahoy, the amount invested, as well as any future plans the company may have. Ventureburn: How much was the exact investment? Otherwise, can you give a ballpark figure? Kresten Buch: 88mph went in together with four other investors. Our contribution was approx R1.5-million. VB: Do you know what...
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Ventureburn is looking for its next editor
Ventureburn.com is seeking a talented and driven startup-savvy news writer & editor who lives and breathes startups. We're looking for someone dynamic and dedicated to become part of our exciting company based in Cape Town, on a full-time basis. Job details Writing news & feature stories about the continent’s startup story, including conducting interviews with some of the top and emerging entrepreneurs and VC's in South Africa, as well as the rest of the continent. Network with some of the best entrepreneurs in Africa. Attending startup events and sniffing out scoops Subbing, headline writing Managing contributors and topics list Based...
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88mph breaks silence, announces investment in flight booking app
Investment company 88mph, has announced its investment in Ahoy, a flight booking and management app for small businesses. The announcement came via a post on LinkedIn, written my 88mpb Founder, Kresten Buch. It did not state how much was invested in the startup. The investment in Ahoy In the announcement, Buch states that 88mph had trouble over the past few years when travelling around Africa. These issues came from problems with travel agents, flight changes and cancellations, and fraud flagging, among others. "This is of course not only an African problem, but managing travel around and into Africa for teams, with last minute needs, not...
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Why don’t more entrepreneurs have a disaster recovery plan?
Your business depends on its IT infrastructure to exist, even if you’re in a more traditional industry. You’re relying on computers, mobile devices, spreadsheets, documents, and mass stores of data to keep your business running effectively. Have you thought about what might happen if everything was suddenly wiped out? What if a fire took out the majority of your physical storage devices? What if a cyber criminal was able to seize control of your servers and hold them hostage? A real threat As many as 50 percent of small businesses have been breached in some way within the last 12 months,...
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Entrepreneurs to compete for Agripreneur of the Year title
The Global Agripreneurs Summit will see innovative 'agripreneurs' compete at the third Future Agro Challenge (FAC) Global Championships during the Global Entrepreneurship Congress (GEC). The competition and take place on 12 -15 March in Johannesburg and will host entrepreneurs in the food, agriculture, and aggrotech, all of whom will compete for the title of Agripreneur of the Year. In a space of three years, the FAC has gained support from more than 60 countries and five continents, to identify viable solutions for food supply chain challenges. "The food chain is broken. We need a bottom-up approach to identifying new and sustainable solutions to current and...
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The rise of the remote workforce: A South African perspective
With the rise of broadband technology and a global move towards the pursuit of a healthy work/life balance, the number of employees working remotely has increased exponentially over the past couple of decades. Studies have conclusively shown that this more flexible approach to enterprise has had an enormously positive impact on employee engagement, enabling greater productivity and saving costs to both businesses and their workforce. Despite the evident success of this worldwide trend, South African enterprises have been rather slow in keeping pace, with relatively few organisations implementing structures conducive to working remotely. While it seems counterintuitive when considering international...
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FarmDrive receives investment from the Spark Venture Fund
Agricultural fintech startup, FarmDrive announced an undisclosed investment amount from Safaricom's Spark Venture Fund. The financial boost from the fund will go toward supporting their next scaling opportunity by building FarmDrive's credit-scoring model. It will also be used to enhance the HR base within analysis, research, and insight generation. "In an era when market uncertainty is creating new challenges for the agricultural sector, mobile-based technology solutions like FarmDrive can empower farmers with the critical access to finance and to help expand their access to other essential services," said Safaricom's CEP, Bob Collymore in a press release. FarmDrive aims to provide smallholder farmers with...
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