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  • RunwaySale: selling high-end fashion in a flash

    Recently launched RunwaySale is a new and exciting flash-sale website that brings high-end designer labels to the consumer at hugely discounted prices -- all at the click of a button. Although this concept is already entrenched in the minds of European, American and Australian fashionistas, the idea is relatively new to the South African market and RunwaySale has hit the ground running, taking the South African public by well-dressed storm. We spoke to founders Elmien Smit and Karl Hammerschmidt about some of the challenges they're facing in the South African market: Ventureburn: Hey guys, how does this work? RunwaySale: Once signed up,...

  • 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...

  • Intel makes second Africa investment with Ghana’s Rancard

    Africa's tech hubs are coming into their own and now more than ever, the continent is ripe for the taking. It seems Intel is in agreement. The chip maker has announced that it will invest in a cloud company based in Ghana, reports The Next Web. The company in question, Rancard Solutions Limited ("Rancard"), claims to be "a leading provider of cloud based software for mobile content discovery and delivery, focused on Africa". Kofi Dadzie, CEO of Rancard, believes the investment "will play a vital role in enabling us to expand our footprint across Africa" which will aid the...

  • Lights, camera, valuation: Silicon Valley reality show on track for later this year

    A new reality show announced earlier this year, tentatively titled "Silicon Valley" is shaping up to be a riot, by the looks of things. The New York Times published an update on the show's progress and provides some insight into what viewers can expect. The show is set to air in the latter part of the year and being a Bravo TV production, the show is sure to ruffle a few tech industry feathers as it explores the "raucous reality of the tech industry in 2012." As reported earlier, Mark Zuckerberg's older sister, Randi is an an executive producer of the...

  • 6 finger lickin’ good tips for success from Colonel Sanders

    A uncovered autobiography and cookbook written by Kentucky Friend Chicken founder Colonel Harland Sanders was made available for download via KFC's Facebook page last month, which documents Sanders's life up to 1966 -- annoyingly you have to "like" and add an app to your account, so we pulled out some lessons based on anecdotes for you. In 1971, Sanders sold KFC to a liquor and food conglomerate called Heublein, which later lead to the Colonel becoming bitter as the quality of his beloved KFC declined and his relationship with Heublein deteriorated. Writes the Smithosian, "He stayed on as a goodwill...

  • Q&A with EasiOnline.com: The latest kid on the online buying block

    A flurry of online buying companies has rushed in on South Africa, some local and some from abroad, and a relatively new kid on the block has launched recently, offering any number of products amidst stiff competition. We spoke to Ardi Coetzee and Kevin Pillay from EasiOnline about their plans and aims in this market. Ventureburn: Perhaps we can start with a little on each of your backgrounds? Kevin Pillay: Prior to Easionline, I've been involved in the financial selling and credit industries, and decided to go into online, and am extremely happy so far with what I or rather we...

  • FNB Private Clients and AngelHub partnership heats up SA startup scene

    Readers of Ventureburn are probably well aware of AngelHub, the business angel investment group that pools funding, expertise and networks from a range of early stage investors to foster startup growth. AngelHub has recently extended its network by partnering with FNB Private Clients, First National Bank's specialist banking solution that works with wealthy entrepreneurs, business professionals and others to increase their asset values. So basically, FNB Private Clients help make rich people, richer. The partnership is however, quite significant for two reasons. AngelHub's startup roster, future and present, now has access to this pool of investors who earn an income of...

  • Table Magic: Africa’s bold answer to OpenTable

    With all the affection bestowed upon restaurant services like Zagat and OpenTable, it’s high time that a standout name starts crescendoing in Africa. Cape Town-based Table Magic is stepping forward to lend its voice. Last year, Google paid US$151 million to acquire restaurant ratings service Zagat -- after its US$500 million bid to acquire Yelp fell through -- and restaurant reservations service, OpenTable, is currently valued just over a billion US dollars. Whether one agrees with the jaw dropping price tags or

  • Yup, the Malaysian IPO market is sizzling

    Pop quiz. Who had the second largest IPO this year, after Facebook? If you guessed Felda Global Venture Holdings, the Malaysian government-owned palm-oil-plantation company you are dead on -- I certainly wasn't. Felda, who raised US$3.1-billion last week, is among a series of companies turning up the heat in Malaysia’s IPO market this year. According to the Wall Street Journal, the latest proposed billion dollar IPO is one by the Malaysian Cable-television operator Astro All Asia Networks. Goldman Sachs Group Inc., Credit Suisse Group AG, J.P. Morgan Chase & Co. and UBS AG are reportedly among the banks involved in...

  • NYSE-listed company snaps up Cape Town digital agency HelloComputer

    A few weeks ago, speculation hit the media circuit that Draftfcb, a global advertising agency owned by the New York Stock Exchange-listed Interpublic Group (IPG), was in talks to buy a Cape Town-based award-winning digital agency called HelloComputer. It's true: HelloComputer has been bought! In an exclusive interview with the shareholders of HelloComputer, we learned that this acquisition will see Draftfcb’s current digital arm, Mesh Interactive, be absorbed by HelloComputer. At the helm of HelloComputer is co-founder Mark Tomlinson and Managing Director David Moffatt, who have been in the digital space for more than a decade. Moffatt, who also happens...

  • Hemingway’s ‘The Old Man and the Sea’: a fundamental guide to business

    Ernest Hemingway’s The Old Man and the Sea is a timeless, Pulitzer Prize winning novel, both rich in symbolism and conspicuously relevant in its contemporary application. As a parable for entrepreneurs, it is practically without parallel. A simple tale that sees a man set out to achieve a goal, and tackle the challenges that befall him and his determination to realise his ambition. The Old Man and the Sea's succinct, powerful grit registers as a fundamental guide to business. It’s a book I have read many times, and with each new reading I feel a stronger kinship with the...