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  • P2P storage-space platform Sxuirrel secures R2.4m in seed funding

    SA startup Sxuirrel has secured R2.4-million in seed funding from an undisclosed investor. The startup -- which is based at Stellenbosch incubator Launchlab where founders Michael John Dipppenaar, Henri Bam and Michael Louis developed a peer-to-peer storage and space solution -- made the announcement yesterday. Dippenaar, who is also CEO, revealed that the deal -- which was signed two weeks ago -- had been over three months in the making, after the startup was approached by the investor that took an interest in the "disruptive effects" of the platform, which the three launched last year. Dippenaar declined to name the investor. The deal will see the...

  • Company Office

    treadFEST 2017 - five stages with Graeme Watkins Project, Goodluck, Majozi

    treadFEST 2017, which takes place in the Drakensberg from 3 to 6 December, presents five stages with a mix of music genres: The Graeme Watkins Project, Goodluck and Majozi are just three among a host of bands and DJs in the pipeline. The Graeme Watkins Project exploded onto the SA music scene in 2011. Their debut album Corridors of the Mind produced no less than five top-10 singles and catapulted them into the spotlight. Their second album Soldier On, released in 2013, confirmed the band's dirty, edgy, rough approach to a medley of pop, indie, rock and electronic genres. Catch “the band with love in...

  • Sarebi opens call for 2018 Water Enteprise Development Programme

    The South African Renewable Energy Business Incubator (Sarebi) has launched a call for applications to its 2018 Think Water Enterprise Development Programme. The Atlantis-based incubator -- backed by the Small Enterprise Development Agency (Seda) since 2012 -- aims to assist small businesses that operate in the water sector and are looking for manufacturing opportunities and business development skills. Programme participants will among other things get IT, accounting and human resources services. The application deadline for the programme is on 12 January. Sarebi communications and events officer Babalwa Dlangamandla said the incubator will only take submissions from enterprises based in the Western Cape and that there are spots...

  • Watch these guys — here are the SA startups to look out for in 2018

    Tech startups that focus on solving problems using data analysis top Ventureburn's list for the 12 South African tech firms to watch in 2018 - be they transport, agriculture, transport, or finance. Fintech, will continue to be the hottest sector -- with half the startups on the list hailing from the sector. The list also includes two startups using cryptocurrency as part of their solution. Aerobotics is definitely a startup to watch. This Cape Town based aerial data analytics platform provides analytics for drone users (mainly in the agricultural sector). In November Google revealed that the startup was one of 24 selected to join the fifth...

  • I believe South Africa will sort itself out, says UK angel invested in country

    While many other investors may have been frightened off by South Africa's unstable economic and political environment, UK angel investor Kevin Gaskell says he believes in the country. "I like South Africa. And I believe South Africa will sort itself out," says Gaskell. "I have faith in the long-term." While he admits that he hasn't realised any returns yet on the three South African tech firms he has invested in since 2012, he reckons the country is a good investment bet. "I'd say keep looking at South Africa because it's a thriving centre for technology, there are some good companies around. But you've just got to be...

  • Slow Bitcoin transaction times mean it won’t replace cash – foundation head

    If you thought Bitcoin will rapidly replace cash, think again, says Bitcoin Foundation executive director Llew Claasen. High transaction fees and long confirmation times from the Blockchain will make it difficult to replace cash with the cryptocurrency, said Claasen, while speaking at a Startup Grind Cape Town event last Thursday. “So you’re kind of looking at between 10 and 30 minutes before the transaction cannot be cancelled or reversed," he pointed out. In addition the Bitcoin network can only handle four transactions per second, versus seven on the Ethereum network and 25 000 on the Visa network. There’s no way to stop Bitcoin and that’s not a bad...

  • Top startup events in South Africa, Africa you should know about this week [11/12/2017]

    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 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...

  • Bitcoin price mania being driven by market manipulation – foundation head

    Bitcoin is heading towards a dot.com crash and is being driven by a "mania" and "market manipulation", says Bitcoin Foundation executive director Llew Claasen. "The fact that you have a 30% in value of Bitcoin in one day is dangerous," said Claasen yesterday, commenting on the rise of the price in Bitcoin yesterday (7 December). Speaking at Startup Grind event at Workshop 17 in Cape Town, he said there is strong evidence to suggest that some traders are using what he referred to as "tethers" -- a digital representation of the US dollar -- to push up the price of Bitcoin. Tethers were created by...

  • Webber Wentzel launches incubation initiative, Webber Wentzel Ignite

    South African law firm Webber Wentzel has announced the launch of Webber Wentzel Ignite, a legal incubation programme aimed at high-potential startups and scale-ups. The law firm is looking for SA enterprises that have gained some market traction. Applications close on 15 January. In a press release yesterday (7 December) the law firm said the programme will provide support that includes legal services valued at up to R100 000, focused mentoring and support which will aim to arm startups with legal knowledge and skills relevant to startups. A panel of industry experts will consult for the programme and select the successful applicants to the incubator. Project lead Aalia Manie said...

  • Nigerian ecommerce: Is the end near for payment on delivery?

    Nigeria ecommerce retailers are increasingly viewing payment on delivery as a problem. While some etailers believe it's an effective way to get around the millions of Nigerian who don't have access to digital payment, others are not so convinced. For one online seller, Azolibe Malachi, payment on delivery is the way to go. To demonstrate this he recently set up a $20 Facebook ad campaign to sell a wrist watch and sent visitors to his Konga Store that offers payment on delivery option. He got a total of 15 orders. After 10 days, nine items were delivered while six was returned. He then set...

  • Zoona lands two international accolades including Africa Best Employer Brand

    Fintech startup Zoona has had an "incredible" year, the company's marketing head Lelemba Phiri said this week. It follows two recent international accolades the startup received. The company won Africa Best Employer at the 2017 Employer Branding Awards, held earlier this week on Tuesday (5 December) in Le Meridien, Mauritius. In addition, the company's marketing head was also recognised as one of the top five most influential global marketing leaders at the World Marketing Congress, which took place between 24 and 25 November in Mumbai, India. In a press release Phiri said the company appreciated the accolades as they "fuel our fire to keep striving". "Through the...

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