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  • Jobs portal SEEK pumps $20-million into Private Property’s classifieds empire

    Australian jobs portal SEEK has invested US$25-million (R205.53-million) in One Africa Media (OAM), previously named Private Property Holdings. The deal will help the South African-based classifieds company expand its operations in Africa. A significant portion of the group is owned by Tiger Global Management, the New York-based venture capital fund that already partners with SEEK in other ventures across Asia and Latin America. OAM is best known for its Private Property real estate listings website which it founded in 1998 to promote private sales and letting of residential real estate. The company now operates internet classifieds businesses for cars,...

  • Company Office

    Four black-owned fintech startups each win R1m at Alphacode pitching event

    Four black-owned South African financial services startups each won R1-million last night at a pitching event hosted by AlphaCode. The event was held on 31 October and was run for the third time in collaboration with AlphaCode, a club for next generation financial services entrepreneurs powered by RMI Holdings. The Broad-based Black Economic Empowerment (B-BBEE) pitching event is an initiative of Merrill Lynch South Africa and Royal Bafokeng Holdings which seeks to identify and reward high potential South African fintech entrepreneurs to boost the development of fintech in South Africa. Monetary awards were made to four of the 10 black-owned financial services businesses which pitched. The four businesses, as recipients of the grant funding, will become members...

  • Marc Andreessen: Silicon Valley is too hard to recreate

    Known for co-founding Netscape and the venture capital firm Andreessen Horowitz, Marc Andreessen recently made his thoughts clear on what seems to be a harsh skeptical outlook on international startup ecosystems. Reported by TechCrunch, he highlights the notion that acceleration programmes and the like should stick to geographic regions they know best. Beijing's attempts to replicate Silicon Valley, he says, won't work because each region has its own particularities. Pointing at the political environment, he says that although China is heading on par with the US economically, it's still lacking the required transparency and fundamental laws for protecting workers....

  • Why Africa should look to the cloud

    Where do African organizations and markets stand when it comes to the cloud? Even though cloud technologies are more reliable and efficient than traditional networks for example, many businesses are still too skittish because of privacy and security concerns. On top of that, it gives us access to quality services as well as new potential markets. Via the cloud, elearning for example is becoming an increasingly attractive market in Africa. So why aren't businesses making use of this potential? Though power outages, lack of internet coverage and online security pointing to more attractive reasons for adopting cloud services, many are...

  • KupiKupon and Celltick partner to bring mobile coupons to Eastern Europe

    Mobile-initiated commerce site Celltick has announced a partnership with KupiKupon-- a service that provides daily deals to people in Eastern Europe. This partnership is said to publish intelligently targeted mobile coupons to millions of consumers across Russia and Ukraine. Celltick’s patented technology coupled with its expertise and deep understanding of local consumer behavior and cultures will allow KupiKupon to effectively target consumers with valuable deals and offers for physical goods and services, based on the location and demographics of each mobile handset user. Through Celltick's expertise and understanding of consumer behaviour and cultures will enable KupiKupon to have better market reach...

  • China’s luxury ecommerce market to be worth $27 billion in 2013

    China’s ecommerce market looks set to be worth $296-billion in 2013 as China surpasses America to be the world’s top e-commerce market. In that industry, one of the most interesting and international segments is Chinese luxury ecommerce. According to a new report by Washington-based Observer Solutions today, the country’s online luxury sales will be worth an estimated $27-billion this year. The report’s authors also made an infographic (see below) that outlines the numbers and key players in this high-end sector in China. It’s structured around four reasons why luxury brands should leap into China right now if they haven’t done...

  • Need a crash course in creating a business? Check out Startup Weekend Johannesburg

    Startup Weekends are getting quite popular in Africa. Give groups of people 50 or so hours, an idea and set them to task creating a business -- easy peasy. Well maybe not. The folks at Startup Weekend Johannesburg have faith though, their event in its third year is coming back to the city of gold. The basics of the event is to together entrepreneurs, designers, developers and startup enthusiasts to participate in 54 hours of taking innovative business ideas from concept to launch. According to the organisers of Startup Weekend Joburg, the 16 August event will see a host of...

  • 6 tips for taking your business online

    The World Wide Web, together with other ICT enabling technologies, has made it increasingly easy for companies to conduct business online. The expansion of the online environment has also brought with it an additional development: the potential for any individual to have a commercial presence. The growth in internet users is having a significant impact on businesses, and for entrepreneurs looking to start their own business, the opportunities are compelling. This is especially true for small to medium enterprises that are looking to expand their value by entering the ecommerce space. The capital layout for selling online has been...

  • Mobile Payment Solution ‘Flous’ to hit Egypt, world’s first Arabic mobile wallet

    MasterCard, National Bank of Egypt (NBE) in conjunction with mobile network Etisalat, are bringing the mobile payment wallet, "Flous" to Etisalat Egypt's subscribers. Using the Etisalat network, Flous can be deployed on any mobile phone and is being rolled out in phases. Phase one allowing subscribers to transfer money between each other, to load cash onto their phones or take cash out at either Etisalat branches (over 100) or over 300 NBE branches. “Etisalat connects people from around the world, and we have developed some of the world’s most advanced networks by constantly adding value to the infrastructure. Mobile phones can...

  • Startup Blitz: TaxTim, a helping hand to simplify filing your tax return online

    Tax season is upon us once again. For many South Africans this means wading through daunting SARS IRP5 forms all the while hoping we are filling them out correctly. For others, it means paying a professional to do this for them, at a nominal fee of course. Enter TaxTim, a simple, fast and convenient way to file your income tax return online, all with step-by-step help from the little man himself: Tim. Asking you one question at a time in "plain language", TaxTim helps you complete your SARS forms for the small fee of R199. TaxTim is the brainchild of South African...

  • MyDoorHandle receives Google invitation to Blackbox Connect

    Dylan Kohlstadt and Steven Ellis from the Cape Town based startup MyDoorHandle have been invited to attend the Google for Entrepreneurs and BlackBox.vc entrepreneurial accelerator programme in San Francisco. This is an exciting opportunity for entrepreneurs to gain and share valuable knowledge of the Valley. As part of a sponsorship by Google for Entrepreneurs, the Blackbox Connect is a two-week immersion programme where non-US based startups get the opportunity to be inspired, grow and connect with the top VC's and game changers in Silicon Valley. Part of Bandwidth Barn's 88mph acceleration programme, MyDoorHandle is a location-based service that allows...