Advertising & Marketing

Publicis buys digital agency Synergize, merges it with Saatchi & Saatchi SA

Synergize Looks like WPP's not the only big player heating up the South African acquisitions space. Advertising and marketing mega-corp Publicis Groupe today announced that it has completed a 100% acquisition of South African digital agency Synergize. Under the terms of the deal, Synergize will be integrated into Saatchi & Saatchi South Africa. Saatchi & Saatchi’s At Play digital arm will be absorbed into the new division, which will be renamed Saatchi & Saatchi Synergize. Shaune Jordaan, CEO of Synergize, will become ...

Startup news

iROKING founder Jason Njoku returns as troubled music service’s CEO

jason_njoku Almost exactly a month following the ousting of former iROKING CEO Michael Ugwu, the ailing Nigerian music service has announced that iROKING founder and original CEO Jason Njoku, will take back the reins. Njoku's return will see him continue his duties as CEO of iROKOtv while taking overall control of iROKING artist management, all aspects of music distribution, including YouTube, iTunes and Amazon distribution, and oversee platform partnerships with the likes of Mxit and Eskimi. Following Ugwu's ousting, the ex-CEO commented ...

Entrepreneurship

Breaking Bad, 12 Angry Men and House of Cards: the entrepreneur’s watch list

Movie reel I recently caught up on Breaking Bad, and thought what great inspiration the show was for budding entrepreneurs -- not the cooking meth bit, but all the other things around building a business and a product that people want. With that in mind, I combed through my collection of movIes and shows and whipped out seven I think all entrepreneurs should watch. 12 Angry Men -- Doing what it takes to get people to see things your way If you have ...

Africa, Startup news

StartupBus Africa launches feature phone teaching aid Sterio.me

sterio.me logo StartupBus Africa has finished its trip from Harare to Cape Town, and over the course of the 2500km travelled, a new education startup for Africa has emerged: sterio.me. StartupBus is a simple enough concept: a mobile hackathon aimed at developing technology solutions across a variety of sectors. The African leg paired 15 African entrepreneurs with 15 global counterparts for the five day road trip. In that time participants are expected to conceptualise, and execute ideas for a startup. This year designers, developers and ...

Startups

Startup founders, are you offering your employees stock options?

money We all know that everyone wants to build their own startup; everyone wants to create the next billion dollar company. But what about working for one? What about the employees? I think this topic concerns many founders: stock options. With more than a few startups emerging in the past three years, I wonder how many actually set aside an employee stock option pool. Will it only happen when you get funding? Or do most founders just not mention it unless their ...

Startups

3 tried and tested ways to hire great work-from-home employees for your startup

weekend entrepreneur With technology making it easier for startups to go virtual and decrease overheads, many entrepreneurs are opting to have their teams telecommute. A recent study by Stanford University found a company can save approximately US$2 000 per employee just by allowing them to work from home. For startup companies without deep pockets, running a virtual team can be a great way to keep overhead low while the company grows. Still, virtual workers can present challenges in the hiring process, especially when ...

Africa, News, Startups

SnappCab hailed winner of The Innovation Hub incubation programme

SnappCab logo As part of The Innovation Hub's Maxum Business Incubator, five entrepreneurs were chosen out of a total of 20 to pitch their innovative products to a group of venture capitalists, innovators, entrepreneurs and the public at the Absa Maxum annual showcase in Pretoria, South Africa yesterday. Johannesburg-based startup, SnappCab, was ultimately announced as the winner. Sponsored by Absa, the winning pitch was awarded to Anton van Metzinger from Snappcab with the prize valued at R50 000. SnappCab is a multi-platform hail-a-cab ...

Startups, Usability

Startups, learn the value of free

VC buy key Do you spend too much time trying to figure out how to get new customers through the door? If you’re anything like most business owners we work with on a daily basis, and statistically you are, then it is the number one thing that permeates your thoughts and your actions. It is a constant source of frustration and takes time away from delivering increased value to your existing clients... which is way more fun. The below model is not unique, it’s ...

Africa, Featured, Startups

A case for successful startup clones: it’s all about adapting and executing

Storm trooper Some bumper sticker wisdom: "You shouldn't really worry when the competition's trying to copy you, you should worry when they’re not." You’ve seen them, right? The so-called Facebooks or Amazons of Africa. Notoriously known as clones, emerging markets have their fair share of them, each with its own degree of success and unique challenges. If you think about it, isn't it only natural for a working solution to be applied elsewhere? Are they then as bad as their reputation holds them ...

Advertising & Marketing

WPP nabs majority stake in ‘R40m’ deal with local agency Cerebra

Cerebra Mike and Craig Advertising giant WPP has acquired a majority stake in strategic communications agency Cerebra, believed to be worth around R40-million. A source close to the deal confirmed that it will see WPP take a 75% stake in the company while Cerebra CEO Mike Stopforth and MD Craig Rodney will retain the remaining 25%. The R40-million deal is believed to have been valued on a P/E of about 8x EBIDTA. The structure of the deal will apparently see the shareholders receive a R20-million ...

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