Eskom CEO Andre De Ruyter has come out to clarify what appears to be a case where he was allegedly quoted out of context….
MIC invests R10m in crowd-farming fintech Livestock Wealth
A crowd-farming start-up in South Africa, Livestock Wealth, has been described as the “perfect example” of the kind of business the Mineworkers Investment Company’s…
Digital identity startup iiDENTIFii raises record $15m
The South African biometrics start-up iiDENTIFii has raised $15 million growth capital. The round was led by African investment company Arise whose cornerstone investors…
Need funding? How to make investors take you seriously
Small businesses need capital to grow. Yet, many times their ability to attract and raise capital is dependent on their investment readiness. Being investment…
Township butchery king unlocks R5m investment to scale
With successful butcheries already established in Thokoza and Katlehong, entrepreneur Dexter Letele, has secured a R5 million loan to launch a third site, bringing his…
Kenya, Nigeria see big increase in financial phishing attacks
Attacks in the financial sector are becoming increasingly corporate-oriented and shifting away from consumers, according to Kaspersky’s latest financial cyberthreats report. New data shows…
Sustainable energy start-ups can apply for $68k each
Women-led start-ups with sustainable energy solutions in Ghana, Malawi, Morocco, and South Africa are invited to apply for funding of up to R1.2 million…
Launch of all-women accelerator GrindstoneX celebrated
With its vision to develop the top 30 women-founded start-ups in South Africa over the next three years, Grindstone and Naspers Labs have lifted…
How Yellow increased revenue by 1 500% during pandemic
With its mission to supply solar home systems in Malawi and Uganda, the African fintech start-up Yellow grew its revenue by 1 500%, and…
#SAIS2022: Innovation Fund pays out R469m in 18 months
“Every deal makes a difference to small business because those business owners contribute more to local economies than anyone else.” This is the view…
Alitheia IDF leads $11m investment round in SweepSouth
SweepSouth, an online home services platform with presence across Africa, today announced that it has completed an $11 million investment round led by Alitheia…
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