Ecommerce, News

Confirmed: Naspers shutting down MIH SA ecommerce sites, focus shifts to Kalahari

Kalahari Ventureburn can officially confirm that the African division of MIH, Naspers' online investment arm, is in the process of shutting down a number of its South African ecommerce properties. Earlier today we reported that the emerging markets internet and media giant was preparing to shut down a number of its smaller ecommerce properties, including online fashion outlet Style 36, digital camera store SAcamera and baby product outfit Kinderelo. Most of the sites affected are part of the company’s African ...

Ecommerce, News

Sources: Naspers is shutting down major ecommerce sites from MIH SA [updates]

Style 36 Emerging markets media and internet giant Naspers looks set to shut down a number of ecommerce sites run by its online investment arm MIH. At least three of the sites affected are part of the company's African Internet Accelerator (AIA) programme. Ventureburn sources say that the collapse of the sites will come with job losses and a major restructuring. According to a well placed source, a number of the South African ecommerce investments made by MIH in the last few ...

Africa, Entrepreneurship, News

SA student entrepreneurs invited to Toronto for fellowships, incubation

Reyerson Uni Ryerson University in Toronto, Canada announced the creation of fellowships for student entrepreneurs from top South African universities. The initiative aims to help students develop their businesses at one of the university's incubators, including one of Canada's largest digital incubators, Digital Media Zone. After undergoing assessment, eight applicants will be chosen from the University of Witwatersand, University of Johannesburg, Stellenbosch University and University of Venda. These aspiring entrepreneurs will then be provided with transportation, mentorship, accommodation and a three-to-four-month ...

Advertising & Marketing, News

Starcom MediaVest Group merges with Lighthouse Digital: now SMG Lighthouse

starcom lighthouse merger Starcom MediaVest Group South Africa (SMG) has announced that its parent company -- Publicis Groupe -- has acquired the digital consultancy, Lighthouse Digital. As part of the merger deal, Lighthouse Digital co-founder Aaron van Schaik will be the CEO of the newly rebranded SMG Lighthouse, and report to SMG President, Dynamic Markets, Iain Jacob. Jacob says that this follows a few acquisitions announced by the Publicis Groupe of late, and "fortifies our position as the continent's leading digital marketing operation." Lighthouse Digital was ...

Africa, Ecommerce, Emerging Markets

Bitcoin accepted here: 6 SA ecommerce stores using the cryptocurrency and why

Bitcoin accepted here You can buy many things using Bitcoin. The digital cryptocurrency has made headlines for its links to the deep dark web, notably the online black market Silk Road where unsavoury items such as drugs and child pornography could be traded until it was shut down. Look no further than your local ecommerce domain, and you’ll see that the popularity and dedication truly stretches across borders like it’s born to. Why should local companies from emerging markets think about implementing this ...

Design, Entrepreneurship

16 things I learnt from Jordan Price’s sudden resignation from Apple

jordan price lead So I read about some dude -- a UI/UX designer from Cupertino, California who always wanted that dream job -- to work for Apple -- and then got it, only to quit after a short time. Jordan Price was his name, and his story was fascinating. I ended up earmarking 18 things about life and work that his experience taught me. A few I already knew, but others were new: 1. When the day comes that you're invited to the big league, what you ...

Emerging Markets, Venture capital

Globevestor matches global-minded investors with emerging market startups

globevestor Emerging market startups, especially those at the pre-revenue mark, continue to find access to early-stage capital (US$150 000 to US$1.5-million) challenging. At the same time, global-minded angel investors in Europe and the US are looking to invest in quality emerging market ventures. While news about venture deals continue to trickle out from risk-averse developing economies, Globevestor, a new Silicon Valley-based venture capital platform, is looking to heat up investment opportunities by becoming a conduit through which US and Europe-based angel funding ...

Startups

4Di Capital gets major cash injection in new fund raising round

4di capital Tech Venture Capital firm 4Di Capital today announced that Convergence Partners will join as the newest investor in its 4Di Capital Fund 1, as an equal limited partner alongside Reinet Fund S.C.A., F.I.S., and E. Oppenheimer & Son. 4Di Capital has made seven investments in South African ventures so far, and in 2012 announced its first profitable exit of mobile community startup Motribe Networks to Mxit, the largest social network in Africa. The addition of Convergence's investment to that made by ...

Africa, Microsoft

Microsoft 4Afrika Advisory Council adds members to represent Africa’s youth

microsoft 4afrika alt Microsoft has made a move to listen to, and represent, the youth demographic in Africa by adding the first four youth members to its 4Afrika Advisory Council -- the external board of advisers that guide the strategic investments undertaken by the Microsoft 4Afrika Initiative. Launched one year ago, the Microsoft 4Afrika Initiative has the goal to facilitate, and act as the vehicle to drive, Microsoft's engagement in Africa's economic development, designed to improve Africa's global competitiveness. The exact role of these four ...

Social media, Startup news

Socialbakers gets $26M in Series C, to ‘define the future of marketing’

socialbakers One of the largest social media analytics companies, Socialbakers, has capped off a successful 12 months by securing US$26-million in Series C financing. The round was led by Index Ventures alongside existing investor Earlybird Venture Capital. The financing is one of the largest rounds for a social analytics company outside of North America. The money will go towards product development, as well as improving client support, sales and marketing in the USA and other markets around the world. Socialbakers' driving force ...

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