VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

NEW GRANT PROGRAMME LAUNCHES FOR SA SMALL BUSINESSES The funding provided will help financially support small businesses after taking a hard knockdown due to the impacts of lockdown and Covid-19, providing a much-needed financial lifeline. The grant, valued at over R8.5-million will be used to support 217 local small businesses. This grant programme forms as part of Facebook’s

$100-million

ARE THESE THE BIGGEST SA TECH ACQUISITIONS OF 2019 This year saw some pretty big acquisitions in the tech sector. Most notable were Kenyan company DPO’s acquisition of Cape Town based fintech PayFast and Vodacom’s acquisition of 51% of Pretoria based Internet of Things (IoT) startup up IoT.nxt. The size of both of the deals were not disclosed, but are likely to run into tens, if not CAN EMPLOYERS LEGALLY DEDUCT DAMAGES OR LOSSES CAUSED BY The basic answer is yes they can. But for such a deduction to be lawful an employer has to meet several requirements. If an employee has caused an employer harm due to the employee’s fault (for example an accident with a company car), the employer would in principle have a claim against the employee. It does not make practical sense to sue PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

NEW GRANT PROGRAMME LAUNCHES FOR SA SMALL BUSINESSES The funding provided will help financially support small businesses after taking a hard knockdown due to the impacts of lockdown and Covid-19, providing a much-needed financial lifeline. The grant, valued at over R8.5-million will be used to support 217 local small businesses. This grant programme forms as part of Facebook’s

$100-million

ARE THESE THE BIGGEST SA TECH ACQUISITIONS OF 2019 This year saw some pretty big acquisitions in the tech sector. Most notable were Kenyan company DPO’s acquisition of Cape Town based fintech PayFast and Vodacom’s acquisition of 51% of Pretoria based Internet of Things (IoT) startup up IoT.nxt. The size of both of the deals were not disclosed, but are likely to run into tens, if not CAN EMPLOYERS LEGALLY DEDUCT DAMAGES OR LOSSES CAUSED BY The basic answer is yes they can. But for such a deduction to be lawful an employer has to meet several requirements. If an employee has caused an employer harm due to the employee’s fault (for example an accident with a company car), the employer would in principle have a claim against the employee. It does not make practical sense to sue PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

THE SECRET TO LEVELLING UP YOUR BUSINESS When Uber and Spotify partnered up a few years ago to give users custom music for their rides, it was a massive win/win for both companies, with each able to increase their reach to various audiences, offer extra value to users, and grow brand recognition INITIATIVE PROVIDES SMES WITH FREE LOGO DESIGN AND 1 day ago · Founded by local organisation Over The Rainbow, the 67 Logos Designathon is an initiative that provides 67 small businesses with free professionally designed logos and business support. As an annually held event, the 67 logos will be designed on 18 July SPOT MONEY APP LAUNCHES STOKVEL FEATURE 1 day ago · South Africa’s newest digital banking platform, Spot Money has launched a shared wallet feature on their fintech app, Spot. The feature is a digital solution that seeks to create transparency for shared financial investments, like stokvels. The Spot app offers customers transactional banking; a EDUCATIONAL INITIATIVE LAUNCHES TO UPSKILL UNEMPLOYED The National Electronic Media Institute in South Africa (NEMISA), a not-for-profit organisation focused on education, has partnered with the global online learning platform Coursera. The partnership aims to upskill unemployed and under-employed individuals in EXPERT TIPS FOR SMES THIS TAX SEASON 1 day ago · We’re approaching tax filing season here in South Africa, so it’s time for small business owners to get their information in order and ready to file. Everybody knows that filing taxes can be extremely time-consuming. Small businesses are already struggling, so it’s vital that they get tax THE BUSINESS BENEFITS OF USING AN OPEN SOURCE CLOUD Even before the pandemic led to increased remote work migration, many organisations were becoming increasingly reliant on cloud solutions to streamline systems and workflow. But as with any enterprise technology, implementing cloud solutions comes with NEW DIGITAL PRIMARY CARE PLATFORM TO LAUNCH IN SOUTH 1 day ago · Webrock, venture capital and private equity company headquartered in Stockholm, has partnered with Healthforce, a digital health company majority-owned by South Africa’s leading retail pharmacy chain Dis-Chem, to launch a Swedish healthcare SARS SHOULD GIVE CRYPTO INVESTORS MORE CARROT AND LESS It has been more than three years since SARS’s media statement on cryptocurrencies. In this statement, SARS said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets

are not seen as

FIVE AFRICAN STARTUPS TO RECEIVE $5000 SAIS GRANT Five African startups have received a $5000 funding grant from Southern Africa Innovation Support Programme (SAIS) and Seedstars, a private Swiss-based tech company. The startups have been selected from the 2019/2020 Investment Readiness Programme (IRP), a SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

WEST AFRICAN TECH STARTUP LAUNCHES SAAS SOLUTION FOR Afrikrea. Founded in 2016, the eCommerce tech startup is a marketplace for the sale and purchase of African-inspired clothing, accessories along with arts and crafts. According to the tech startup, since launching it has increased its transactions to over $15-million in 170 countries worldwide with sellers from 47 out of 54 African countries. HERE ARE 20 ACCELERATORS, INCUBATORS FOR AFRICAN STARTUPS The application deadline is this Saturday (4 January). OceanHub Africa: Cape Town based accelerator OceanHub Africa will launch its first programme in the first quarter of 2020 with six local ocean-minded startups. The accelerator will provide startups with physical working space, access to tailored mentorship, business and scientific expertise FIVE SOUTH AFRICAN VENTURE CAPITAL FIRMS Knowledge Network Funding. Knowledge Venture Funding (KNF) is a venture capital firm that has been managed by Knife Capital. The venture capital firm was founded in 2010 and has offices in Cape Town and London and was founded in 2010. The firm has helped tech startups kick start expanding their business from local to international

markets.

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

WEST AFRICAN TECH STARTUP LAUNCHES SAAS SOLUTION FOR Afrikrea. Founded in 2016, the eCommerce tech startup is a marketplace for the sale and purchase of African-inspired clothing, accessories along with arts and crafts. According to the tech startup, since launching it has increased its transactions to over $15-million in 170 countries worldwide with sellers from 47 out of 54 African countries. HERE ARE 20 ACCELERATORS, INCUBATORS FOR AFRICAN STARTUPS The application deadline is this Saturday (4 January). OceanHub Africa: Cape Town based accelerator OceanHub Africa will launch its first programme in the first quarter of 2020 with six local ocean-minded startups. The accelerator will provide startups with physical working space, access to tailored mentorship, business and scientific expertise FIVE SOUTH AFRICAN VENTURE CAPITAL FIRMS Knowledge Network Funding. Knowledge Venture Funding (KNF) is a venture capital firm that has been managed by Knife Capital. The venture capital firm was founded in 2010 and has offices in Cape Town and London and was founded in 2010. The firm has helped tech startups kick start expanding their business from local to international

markets.

THE SECRET TO LEVELLING UP YOUR BUSINESS 1 day ago · When Uber and Spotify partnered up a few years ago to give users custom music for their rides, it was a massive win/win for both companies, with each able to increase their reach to various audiences, offer extra value to users, and grow brand recognition INITIATIVE PROVIDES SMES WITH FREE LOGO DESIGN AND 3 hours ago · Founded by local organisation Over The Rainbow, the 67 Logos Designathon is an initiative that provides 67 small businesses with free professionally designed logos and business support. As an annually held event, the 67 logos will be designed on 18 July SPOT MONEY APP LAUNCHES STOKVEL FEATURE 3 hours ago · South Africa’s newest digital banking platform, Spot Money has launched a shared wallet feature on their fintech app, Spot. The feature is a digital solution that seeks to create transparency for shared financial investments, like stokvels. The Spot app offers customers transactional banking; a EXPERT TIPS FOR SMES THIS TAX SEASON 4 hours ago · We’re approaching tax filing season here in South Africa, so it’s time for small business owners to get their information in order and ready to file. Everybody knows that filing taxes can be extremely time-consuming. Small businesses are already struggling, so it’s vital that they get tax 1K1V AND CROSSFIN ACQUIRE MULTINATIONAL ENTERPRISE 1 day ago · One Thousand & One Voices (1K1V), a private equity fund, in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have acquired Sybrin Group of Companies (Sybrin) EDUCATIONAL INITIATIVE LAUNCHES TO UPSKILL UNEMPLOYED 1 day ago · The National Electronic Media Institute in South Africa (NEMISA), a not-for-profit organisation focused on education, has partnered with the global online learning platform Coursera. The partnership aims to upskill unemployed and under-employed individuals in South Africa. The initiative aims to NEW DIGITAL PRIMARY CARE PLATFORM TO LAUNCH IN SOUTH 6 hours ago · Webrock, venture capital and private equity company headquartered in Stockholm, has partnered with Healthforce, a digital health company majority-owned by South Africa’s leading retail pharmacy chain Dis-Chem, to launch a Swedish healthcare NEW EDUTECH PLATFORM LAUNCHES FOR SA TEACHERS AND STUDENTS Johannesburg-based Khula Africa Innovation Projects has launched a new edutech platform for local teachers and students. Titled Smartpozi, the platform is a digital directory that connects qualified teachers with students who require academic support. Smartpozi connects qualified teachers with FORGE ACADEMY INVITES AFRICAN TECH STARTUPS TO ENTER SMME Joburg-based Forge Academy will host an SMME Showcase for tech startups and small and medium-sized enterprises on 30 June 2021. The event will be hosted on their premises at The Gantry in Fourways, Gauteng. Applications now open for SMME Showcase Nokia and the ICT SMME Chamber have partnered with SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

NIGERIAN STARTUP LADDA IN TOP FIVE TO WIN SEEDSTARS Ladda is a mobile finance app that offers users access to micro-investment opportunities. The app is available to download on the Google Play Store and Apple App Store. Competing against Ladda are four other startups in the fields of finance, healthcare, and logistics. They include Fulfillment Bridge (Tunisia), Pegasi

(Venezuela), IMAN

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

WEST AFRICAN TECH STARTUP LAUNCHES SAAS SOLUTION FOR Afrikrea. Founded in 2016, the eCommerce tech startup is a marketplace for the sale and purchase of African-inspired clothing, accessories along with arts and crafts. According to the tech startup, since launching it has increased its transactions to over $15-million in 170 countries worldwide with sellers from 47 out of 54 African countries. HERE ARE 20 ACCELERATORS, INCUBATORS FOR AFRICAN STARTUPS The application deadline is this Saturday (4 January). OceanHub Africa: Cape Town based accelerator OceanHub Africa will launch its first programme in the first quarter of 2020 with six local ocean-minded startups. The accelerator will provide startups with physical working space, access to tailored mentorship, business and scientific expertise

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

NIGERIAN STARTUP LADDA IN TOP FIVE TO WIN SEEDSTARS Ladda is a mobile finance app that offers users access to micro-investment opportunities. The app is available to download on the Google Play Store and Apple App Store. Competing against Ladda are four other startups in the fields of finance, healthcare, and logistics. They include Fulfillment Bridge (Tunisia), Pegasi

(Venezuela), IMAN

SA HEALTHTECH STARTUP LAUNCHES PLATFORM FOR AFRICAN NURSES Healthtech startup launches innovative new platform dedicated to African nurses. Sylvester Msuthwana, founder of Patient Health explains that the platform aims to uplift and empower nurses in Africa. “With this platform, we take care of the overall wellness of nurses, mentally, physically, and financially, by giving them an easy

and secure

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

WEST AFRICAN TECH STARTUP LAUNCHES SAAS SOLUTION FOR Afrikrea. Founded in 2016, the eCommerce tech startup is a marketplace for the sale and purchase of African-inspired clothing, accessories along with arts and crafts. According to the tech startup, since launching it has increased its transactions to over $15-million in 170 countries worldwide with sellers from 47 out of 54 African countries. HERE ARE 20 ACCELERATORS, INCUBATORS FOR AFRICAN STARTUPS The application deadline is this Saturday (4 January). OceanHub Africa: Cape Town based accelerator OceanHub Africa will launch its first programme in the first quarter of 2020 with six local ocean-minded startups. The accelerator will provide startups with physical working space, access to tailored mentorship, business and scientific expertise THE SECRET TO LEVELLING UP YOUR BUSINESS 18 hours ago · When Uber and Spotify partnered up a few years ago to give users custom music for their rides, it was a massive win/win for both companies, with each able to increase their reach to various audiences, offer extra value to users, and grow brand recognition EDUCATIONAL INITIATIVE LAUNCHES TO UPSKILL UNEMPLOYED 14 hours ago · The National Electronic Media Institute in South Africa (NEMISA), a not-for-profit organisation focused on education, has partnered with the global online learning platform Coursera. The partnership aims to upskill unemployed and under-employed individuals

in

1K1V AND CROSSFIN ACQUIRE MULTINATIONAL ENTERPRISE 13 hours ago · One Thousand & One Voices (1K1V), a private equity fund, in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have acquired Sybrin Group of Companies (Sybrin) SARS SHOULD GIVE CRYPTO INVESTORS MORE CARROT AND LESS 1 day ago · It has been more than three years since SARS’s media statement on cryptocurrencies. In this statement, SARS said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets are not seen as currency for FORGE ACADEMY INVITES AFRICAN TECH STARTUPS TO ENTER SMME 1 day ago · Joburg-based Forge Academy will host an SMME Showcase for tech startups and small and medium-sized enterprises on 30 June 2021. The event will be hosted on their premises at The Gantry in Fourways, Gauteng. Applications now open for SMME Showcase Nokia and the ICT SMME Chamber have partnered with LOCAL FINTECH PARTNERS WITH TELKOM TO LAUNCH PAYMENT 1 day ago · Joburg-based fintech startup Ukheshe Technologies has partnered with Telkom, Mastercard and Nedbank to create a virtual card solution which helps users complete secure eCommerce transactions via popular instant messaging platform Whatsapp. The latest payment innovation enables Telkom clients to NEW EDUTECH PLATFORM LAUNCHES FOR SA TEACHERS AND STUDENTS 1 day ago · Johannesburg-based Khula Africa Innovation Projects has launched a new edutech platform for local teachers and students. Titled Smartpozi, the platform is a digital directory that connects qualified teachers with students who require academic support. Smartpozi connects qualified teachers with SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as CAPE TOWN-FOUNDED TECH STARTUP SECURES R42-MILLION Cape Town-founded tech startup secures R42-million. Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, HOW ONEDAYONLY GREW ITS ECOMMERCE BUSINESS Local eCommerce giant OneDayOnly has been operating for 11 years and has shared its steps to success with us at Ventuerburn. OneDayOnly provides insight into the steps that it took to reach its astounding success as an eCommerce business The business was registered in

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

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NIGERIAN STARTUP LADDA IN TOP FIVE TO WIN SEEDSTARS Ladda is a mobile finance app that offers users access to micro-investment opportunities. The app is available to download on the Google Play Store and Apple App Store. Competing against Ladda are four other startups in the fields of finance, healthcare, and logistics. They include Fulfillment Bridge (Tunisia), Pegasi

(Venezuela), IMAN

NEW GRANT PROGRAMME LAUNCHES FOR SA SMALL BUSINESSES The funding provided will help financially support small businesses after taking a hard knockdown due to the impacts of lockdown and Covid-19, providing a much-needed financial lifeline. The grant, valued at over R8.5-million will be used to support 217 local small businesses. This grant programme forms as part of Facebook’s

$100-million

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

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WHY YOU SHOULD CONVERT YOUR BUSINESS FROM A CC TO A A private company is a separate juristic person meaning that the shareholders have limited liability when it comes to the debts of the company. You will still be allowed to carry on business under a CC, but there are certain advantages to converting your CC to a private company. Generally speaking, the personal assets of shareholders are

kept

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

NIGERIAN STARTUP LADDA IN TOP FIVE TO WIN SEEDSTARS Ladda is a mobile finance app that offers users access to micro-investment opportunities. The app is available to download on the Google Play Store and Apple App Store. Competing against Ladda are four other startups in the fields of finance, healthcare, and logistics. They include Fulfillment Bridge (Tunisia), Pegasi

(Venezuela), IMAN

NEW GRANT PROGRAMME LAUNCHES FOR SA SMALL BUSINESSES The funding provided will help financially support small businesses after taking a hard knockdown due to the impacts of lockdown and Covid-19, providing a much-needed financial lifeline. The grant, valued at over R8.5-million will be used to support 217 local small businesses. This grant programme forms as part of Facebook’s

$100-million

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

VENTUREBURN.COM

WHY YOU SHOULD CONVERT YOUR BUSINESS FROM A CC TO A A private company is a separate juristic person meaning that the shareholders have limited liability when it comes to the debts of the company. You will still be allowed to carry on business under a CC, but there are certain advantages to converting your CC to a private company. Generally speaking, the personal assets of shareholders are

kept

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

FIVE SME SECTORS THAT ARE BOOMING THROUGH THE PANDEMIC The pandemic has inflicted deep pain and suffering on families and friends and dragged the economy through the toughest phase in living memory. On 1 June 2021, Statistics SA announced that the country’s unemployment rate was at an all-time high, the news coming just two days after the country FORGE ACADEMY INVITES AFRICAN TECH STARTUPS TO ENTER SMME 11 hours ago · Joburg-based Forge Academy will host an SMME Showcase for tech startups and small and medium-sized enterprises on 30 June 2021. The event will be hosted on their premises at The Gantry in Fourways, Gauteng. Applications now open for SMME Showcase Nokia and the ICT SMME Chamber have partnered with SARS SHOULD GIVE CRYPTO INVESTORS MORE CARROT AND LESS 12 hours ago · It has been more than three years since SARS’s media statement on cryptocurrencies. In this statement, SARS said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets are not seen as NEW EDUTECH PLATFORM LAUNCHES FOR SA TEACHERS AND STUDENTS 16 hours ago · Johannesburg-based Khula Africa Innovation Projects has launched a new edutech platform for local teachers and students. Titled Smartpozi, the platform is a digital directory that connects qualified teachers with students who require HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

CAPE TOWN-FOUNDED TECH STARTUP SECURES R42-MILLION 1 day ago · Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI

Investment.

SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN 1 day ago · Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as FIVE AFRICAN STARTUPS TO RECEIVE $5000 SAIS GRANT 1 day ago · Five African startups have received a $5000 funding grant from Southern Africa Innovation Support Programme (SAIS) and Seedstars, a private Swiss-based tech company. The startups have been selected from the 2019/2020 Investment Readiness Programme (IRP), a HOW ONEDAYONLY GREW ITS ECOMMERCE BUSINESS 1 day ago · Local eCommerce giant OneDayOnly has been operating for 11 years and has shared its steps to success with us at Ventuerburn. OneDayOnly provides insight into the steps that it took to reach its astounding success as an eCommerce business The business was

registered in

ABSA OPENS PROCUREMENT PORTAL TO STREAMLINE SUPPLIER African financial services provider Absa Group has opened their user-friendly procurement portal, allowing Small, Medium and Micro Enterprises (SMMEs) to apply and be verified as suppliers. Absa Group opens procurement portal for SMMEs to be

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

VENTUREBURN.COM

THE SILENT NASPERS COUP: HOW KOOS BEKKER GAVE AWAY THE Appointing Bob van Dijk as CEO of Naspers is the biggest mistake Koos Bekker could have made for SA and for his legacy. So, contrary to a lot of belief out there, Naspers wasn’t founded by Koos Bekker. Bekker has only been CEO of Naspers since 1997. He was however instrumental in launching M-Net, Multichoice, DSTV, MTN etc. A SOUTH AFRICAN PERSPECTIVE: THE EXTERNAL ENVIRONMENT AND A South African perspective: the external environment and its effect on businesses. When it comes to running a business these days, the sole aim often revolves around generating a return on investment for shareholders. However, businesses do not operate in a vacuum, and there are a number of forces at play that will influence a business at

any

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

VENTUREBURN.COM

THE SILENT NASPERS COUP: HOW KOOS BEKKER GAVE AWAY THE Appointing Bob van Dijk as CEO of Naspers is the biggest mistake Koos Bekker could have made for SA and for his legacy. So, contrary to a lot of belief out there, Naspers wasn’t founded by Koos Bekker. Bekker has only been CEO of Naspers since 1997. He was however instrumental in launching M-Net, Multichoice, DSTV, MTN etc. A SOUTH AFRICAN PERSPECTIVE: THE EXTERNAL ENVIRONMENT AND A South African perspective: the external environment and its effect on businesses. When it comes to running a business these days, the sole aim often revolves around generating a return on investment for shareholders. However, businesses do not operate in a vacuum, and there are a number of forces at play that will influence a business at

any

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN 5 hours ago · Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as FIVE AFRICAN STARTUPS TO RECEIVE $5000 SAIS GRANT 6 hours ago · Five African startups have received a $5000 funding grant from Southern Africa Innovation Support Programme (SAIS) and Seedstars, a private Swiss-based tech company. The startups have been selected from the 2019/2020 Investment Readiness Programme (IRP), a CAPE TOWN-FOUNDED TECH STARTUP SECURES R42-MILLION 7 hours ago · Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI

Investment.

FIVE SME SECTORS THAT ARE BOOMING THROUGH THE PANDEMIC The pandemic has inflicted deep pain and suffering on families and friends and dragged the economy through the toughest phase in living memory. On 1 June 2021, Statistics SA announced that the country’s unemployment rate was at an all-time high, the news coming just two days after the country HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

HOW ONEDAYONLY GREW ITS ECOMMERCE BUSINESS 7 hours ago · Local eCommerce giant OneDayOnly has been operating for 11 years and has shared its steps to success with us at Ventuerburn. OneDayOnly provides insight into the steps that it took to reach its astounding success as an eCommerce business The business

was registered in

ABSA OPENS PROCUREMENT PORTAL TO STREAMLINE SUPPLIER 1 day ago · African financial services provider Absa Group has opened their user-friendly procurement portal, allowing Small, Medium and Micro Enterprises (SMMEs) to apply and be verified as suppliers. Absa Group opens procurement portal for SMMEs to be LOCAL FINTECH GROWS SA ONLINE SHOPPER BASE BY 4000% Johannesburg-based fintech startup Payflex, a buy now pay later provider (BNPL), has announced that its part-payment platform grew from a shopper base of 2000 to 85 000 in a mere 12 months. In addition, its customer base grew from 70 merchants HACKATHON AIMS TO GROW THE TOWNSHIP ECONOMY THROUGH 1 day ago · Silicon Cape and the United States Embassy in South Africa will host a virtual hackathon over the weekend of 19 and 20 June 2021. Daily bootcamps will be held from 21 to 25 of June, with the overall winner announced on the 27 of June. This collaboration is part of the Hackathons for South Africa TOP TECH TOOLS FOR ENTREPRENEURS In March, video conferencing apps saw 62 million downloads. Entrepreneurs are using video apps for connecting with customers, partners, and vendors. While these tools are excellent for meetings, they are also useful for maintaining connections with industry organizations and networking groups. Many of the tools allow break-out

rooms for a small

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

VENTUREBURN.COM

THE SILENT NASPERS COUP: HOW KOOS BEKKER GAVE AWAY THE Appointing Bob van Dijk as CEO of Naspers is the biggest mistake Koos Bekker could have made for SA and for his legacy. So, contrary to a lot of belief out there, Naspers wasn’t founded by Koos Bekker. Bekker has only been CEO of Naspers since 1997. He was however instrumental in launching M-Net, Multichoice, DSTV, MTN etc. A SOUTH AFRICAN PERSPECTIVE: THE EXTERNAL ENVIRONMENT AND A South African perspective: the external environment and its effect on businesses. When it comes to running a business these days, the sole aim often revolves around generating a return on investment for shareholders. However, businesses do not operate in a vacuum, and there are a number of forces at play that will influence a business at

any

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

VENTUREBURN

Company Office. The Company Office is a subscription-based press office service for companies and organisations that want to reach Ventureburn's audience. The subscription-based offering is priced at R15,000 per year, which will allow companies and organisations to run up to 6 articles on Ventureburn's platforms. WORKING FROM HOME QUALIFIES A FINANCIAL CLAIM FROM SARS Working from home qualifies a financial claim from SARS. According to South African financial services provider TaxTim, individuals that have been working from home for the past year can claim a tax deduction from SARS for more than half the total working hours or for more than six months during the tax year that started in March 2020 CITY OF CAPE TOWN LAUNCHES JOBS CONNECT The City of Cape Town launches Jobs Connect initiative to grow employment opportunities for residents. James Vos, the Mayco member for the Economic Opportunities and Asset Management Directorate for COCT explains that the initiative aims to bridge a gap in the employment sector in terms of connecting businesses with employable

individuals.

HOW SA BUSINESSES ARE PIVOTING TO SURVIVE LOCKDOWNSEE MORE ON

VENTUREBURN.COM

FIVE SOUTH AFRICAN CROWDFUNDING PLATFORMS Founded in 2014 Thundafund has grown to be one of Africa’s leading crowdfunding platforms. The platform was created “by Africans for Africans” and allows entrepreneurs to raise the capital needed for their business. The co-founder of Thundafund, Patrick Schofield, described crowdfunding as the “ultimate in the democratization of

finance”.

SANWARI VENTURES SECURES $63-MILLION FUND TO INVEST IN Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses. Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal

Bank.

IBOR REFORM HAS SIGNIFICANT IMPLICATIONS FOR SA'SSEE MORE ON

VENTUREBURN.COM

THE SILENT NASPERS COUP: HOW KOOS BEKKER GAVE AWAY THE Appointing Bob van Dijk as CEO of Naspers is the biggest mistake Koos Bekker could have made for SA and for his legacy. So, contrary to a lot of belief out there, Naspers wasn’t founded by Koos Bekker. Bekker has only been CEO of Naspers since 1997. He was however instrumental in launching M-Net, Multichoice, DSTV, MTN etc. A SOUTH AFRICAN PERSPECTIVE: THE EXTERNAL ENVIRONMENT AND A South African perspective: the external environment and its effect on businesses. When it comes to running a business these days, the sole aim often revolves around generating a return on investment for shareholders. However, businesses do not operate in a vacuum, and there are a number of forces at play that will influence a business at

any

PITCHING TO WOOLWORTHS? NOT JUST ABOUT IDEA, BUT TEAM LH: Innovation isn’t the responsibility of one team at Woolworths, its embedded as a value across our entire business. We’re in a unique position to have a strong food and fashion business with world-class product innovation and our team has a keen eye for talent. Additionally, the online team would be the go-to for ecommerce and app

pitches.

SOCIAL & INCLUSIVE BUSINESS CAMP CALLS FOR AFRICAN 5 hours ago · Established by Campus AFD (French Development Agency), The Social & Inclusive Business Camp (SIBC) has officially opened applications for this year’s programme. Innovative African entrepreneurs are encouraged to apply to the programme as FIVE AFRICAN STARTUPS TO RECEIVE $5000 SAIS GRANT 6 hours ago · Five African startups have received a $5000 funding grant from Southern Africa Innovation Support Programme (SAIS) and Seedstars, a private Swiss-based tech company. The startups have been selected from the 2019/2020 Investment Readiness Programme (IRP), a CAPE TOWN-FOUNDED TECH STARTUP SECURES R42-MILLION 7 hours ago · Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI

Investment.

FIVE SME SECTORS THAT ARE BOOMING THROUGH THE PANDEMIC The pandemic has inflicted deep pain and suffering on families and friends and dragged the economy through the toughest phase in living memory. On 1 June 2021, Statistics SA announced that the country’s unemployment rate was at an all-time high, the news coming just two days after the country HOW TO IDENTIFY NEW BUSINESS OPPORTUNITIES FOR YOUR SMALL Also, draw up a business plan detailing the marketing strategy, the skills you will need, the investments you will have to make, your revenue targets, and so on, as this will assist you to plan and execute flawlessly. If you have plans on the table to chase new opportunities and grow your business, it’s important to watch your

finances.

HOW ONEDAYONLY GREW ITS ECOMMERCE BUSINESS 7 hours ago · Local eCommerce giant OneDayOnly has been operating for 11 years and has shared its steps to success with us at Ventuerburn. OneDayOnly provides insight into the steps that it took to reach its astounding success as an eCommerce business The business

was registered in

ABSA OPENS PROCUREMENT PORTAL TO STREAMLINE SUPPLIER 1 day ago · African financial services provider Absa Group has opened their user-friendly procurement portal, allowing Small, Medium and Micro Enterprises (SMMEs) to apply and be verified as suppliers. Absa Group opens procurement portal for SMMEs to be LOCAL FINTECH GROWS SA ONLINE SHOPPER BASE BY 4000% Johannesburg-based fintech startup Payflex, a buy now pay later provider (BNPL), has announced that its part-payment platform grew from a shopper base of 2000 to 85 000 in a mere 12 months. In addition, its customer base grew from 70 merchants HACKATHON AIMS TO GROW THE TOWNSHIP ECONOMY THROUGH 1 day ago · Silicon Cape and the United States Embassy in South Africa will host a virtual hackathon over the weekend of 19 and 20 June 2021. Daily bootcamps will be held from 21 to 25 of June, with the overall winner announced on the 27 of June. This collaboration is part of the Hackathons for South Africa TOP TECH TOOLS FOR ENTREPRENEURS In March, video conferencing apps saw 62 million downloads. Entrepreneurs are using video apps for connecting with customers, partners, and vendors. While these tools are excellent for meetings, they are also useful for maintaining connections with industry organizations and networking groups. Many of the tools allow break-out

rooms for a small

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Instagram is bringing a suite of improved management tools to those who enjoy micromanaging their accounts. The move, according to the social network, is… Andy Walker Instagram

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DEEZER HIFI DROPS ITS PRICE TO SOMETHING A BIT MORE AFFORDABLE For those who love lossless music streaming, your choices are limited and fairly pricey. But today, Deezer made its offering a tad cheaper.

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Andy Walker Music

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SPOTIFY’S GROUP SESSION FEATURE WOULD BE GREAT IF YOU COULD ACTUALLY

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• about 2 hours

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RIGHT NOW, SA NEEDS MORE ZULZI MOMENTS Times are grim right now. Tens of thousands of SA businesses are expected to shut. The country’s already massive army of unemployed

will likely…

Stephen Timm: Editor

Venture capital

• about 3 hours ago ABSA INVESTS IN SA STARTUP STOCK EXCHANGE A2X MARKETS SA startup stock exchange A2X Markets has netted an undisclosed amount in investment from Absa bank. In an announcement yesterday, the startup said Absa…

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LG V60 THINQ 5G IS COMING TO SOUTH AFRICA: HERE’S HOW MUCH IT COSTS The dual-screen, 5G, monster-mashing LG V60 ThinQ is coming to South Africa, the company confirmed on Friday. Announced in the backend of

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• 6 May 2020

VW CONFIRMS LIMITED EDITION GOLF GTI TCR PRICING IN SOUTH AFRICA VW is bidding its Golf 7 goodbye with a very fitting final edition GTI. By far the most dominant car in its class, the…

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• 30

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MEET AUDI’S NEW, ELEGANT A3 SEDAN Audi has revealed a sedan version of its fourth-generation A3. The popular compact car range was originally scheduled for its global

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RIGHT NOW, SA NEEDS MORE ZULZI MOMENTS Times are grim right now. Tens of thousands of SA businesses are expected to shut. The country’s already massive army of unemployed

will likely…

Stephen Timm: Editor

Venture capital

• about 3 hours ago ABSA INVESTS IN SA STARTUP STOCK EXCHANGE A2X MARKETS SA startup stock exchange A2X Markets has netted an undisclosed amount in investment from Absa bank. In an announcement yesterday, the startup said Absa…

Staff Reporter

Venture capital

• about 5 hours ago AS BUSINESSES RE-OPEN, NO-TOUCH PAYMENT SOLUTIONS NEEDED FOR CUSTOMERS Stephen Timm: Editor Company Office • about 2 hours

ago

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CRYPTOCURRENCY PLATFORM LUNO REACHES OVER 4 MILLION USERS SA founded cryptocurrency platform Luno announced today that it has reached over four million customers worldwide, having added a million new users since September…

Staff Reporter

Cryptocurrency •

about 6 hours ago

CRYPTOCURRENCY PLATFORM LUNO REACHES OVER 4 MILLION USERS SA founded cryptocurrency platform Luno announced today that it has reached over four million customers worldwide, having added a million new users since September…

Staff Reporter

Cryptocurrency •

about 6 hours ago

COVID-19 AND AFRICAN TECH STARTUPS ROUNDUP South Africans can from today buy new and used vehicles again. Emergency repairs can also be carried out on cars, including those

that are…

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about 6 hours ago

THE NEW NORMAL: TIME FOR TECH SECTOR TO RISE TO THE OCCASION The New Normal is a new regular column Ventureburn will run, featuring business leaders and how Covid-19 is reshaping the tech world. Here

in…

Tim Strang Startups • about 7 hours ago CIPC RULES THAT IT RECOGNISES BUSINESS RESCUE FILINGS MADE DURING

INITIAL LOCKDOWN

Under the Companies Act, 2008 (Act), a business rescue initiated by the board of a company only formally starts once the necessary

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Madelein Burger

Startups • about 8

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AFRICAN CROWDFUNDING ASSOCIATION PROBING CONTROVERSIAL UPRISE.AFRICA The African Crowdfunding Association (ACfA) is conducting a review this week of equity crowdfunding platform Uprise.Africa, the association’s CEO and chairperson of the board,…

Staff Reporter

Venture capital

• 12 May 2020

EGYPTIAN END-TO-END DISTRIBUTION PLATFORM BRIMORE RAISES $3.5M Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning…

Staff Reporter

Venture capital

• 12 May 2020

COVID-19 AND AFRICAN TECH STARTUPS ROUNDUP FirstRand’s Vumela Fund has committed an additional R25-million to SA fintech lender ProfitShare Partners to lend to small businesses needing capital to supply essentials…

Staff Reporter

Startup news • 12

May 2020

VILLAGE CAPITAL ANNOUNCES THE NAMES OF NEXTGEN ECOSYSTEM BUILDERS

AFRICA 2020 COHORT

US venture capital (VC) company Village Capital has announced the names of the business advisors and hub representatives selected for its NextGen Ecosystem Builders Africa…

Staff Reporter

Startup news • 12

May 2020

EGYPT’S SOURCE BEAUTY RAISES PRE-SEED FUNDING FROM 500 FALCONS Cairo-based online beauty platform Source Beauty has raised a pre-seed investment from 500 Startups’s Middle East and North Africa (MENA) region fund, 500 Falcons….

Staff Reporter

Venture capital

• 12 May 2020

SA GROCERY DELIVERY STARTUP ZULZI RAISES R30M FROM JSE-LISTED COMPANY Johannesburg based online grocery delivery startup Zulzi has raised R30-million from a JSE-listed company. The startup, which was founded by Vutlharhi Valoyi (pictured above,… Stephen Timm: Editor

Venture capital

• 11 May 2020

TOP STARTUP WEB EVENTS IN SOUTH AFRICA, AFRICA YOU SHOULD KNOW ABOUT

THIS WEEK

Today at 9.30pm Saudi Arabian time, check out the demo day for Misk 500’s third cohort and engage directly with the founders of 16…

Staff Reporter

Events • 11 May 2020 COVID-19 AND AFRICAN TECH STARTUPS ROUNDUP Times may be tough, but SA born Roelof Botha and partner at venture capital firm Sequoia Capital, believes that the Covid-19 pandemic has

created…

Staff Reporter

Startup news • 11

May 2020

More__

STARTUPS

HOW AFRICAN TECH STARTUPS CAN PITCH THEIR STORY DURING COVID-19 Attracting media attention to a pivotal part of your technology startup’s journey can be challenging even during normal times. This is especially challenging for… Belle Raab Startups

• 1 May 2020

AFTER LOCKDOWN, HOW DO EMPLOYERS PREPARE FOR A SAFE RETURN TO WORK? The South African government has announced the implementation of a risk-adjusted strategy in easing the nationwide lockdown. This strategy entails the use of a… Kate Collier Startups

• 29 Apr 2020

COVID-19 AND AFRICAN TECH STARTUPS ROUNDUP A leaked draft discussion document prepared by South Africa’s office of the presidency has revealed that businesses in the country’s tourism, aviation and creative…

Staff Reporter

Startups • 23 Apr 2020 MAINTAINING GOOD CORPORATE GOVERNANCE DURING EXTRAORDINARY TIMES The Covid-19 pandemic and emergency measures taken by the SA government have caused unprecedented business disruption. They have forced companies to respond to new… Giles White Startups

• 21 Apr 2020

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ENTREPRENEURSHIP

LIVE A SIMPLE LIFE, PROJECT ISIZWE FOUNDER ALAN KNOTT-CRAIG URGES

ENTREPRENEURS

Project Isizwe founder, HeroTel executive chairman and World of Avatar founder and former CEO Alan Knott-Craig yesterday urged entrepreneurs to live a simple life and keep their living costs flat once their income increases.

Daniel Mpala

Entrepreneurship

• 5 Apr 2019

NO NEED TO PANIC OVER NEW CRITICAL SKILLS LIST EXPECTED NEXT MONTH In September last year, then minister of the home affairs, Malusi Gigaba announced that a new critical skills list is expected to be

released…

Marisa Jacobs

Entrepreneurship

• 19 Mar 2019

More__

VENTURE CAPITAL

QUESTIONS FOR UPRISE.AFRICA OVER ALLEGED FAKE R25M INTERGREATME

CROWDFUNDING PLEDGE

It was touted as the biggest ever equity crowdfunding raise by an African startup — an African record. But questions are now being

asked…

Stephen Timm: Editor

Venture capital

• 8 May 2020

TANZANIA’S EAST AFRICA FRUITS NETS OVER $2M IN EQUITY ROUND LED BY GOODWELL INVESTMENTS Tanzanian social enterprise East Africa Fruits has closed a $2.05-million Series-A round. It raised a further $950 000 in debt funding. The round was…

Staff Reporter

Venture capital

• 8 May 2020

‘EGYPTIAN MOBILITY STARTUP SWVL HAS RAISED $20M IN NEW ROUND’ Egyptian tech startup Swvl has raised over $20-million in a new round completed just before the Covid-19 pandemic took hold in the region,

tech…

Staff Reporter

Venture capital

• 7 May 2020

NIGERIA’S HELIUM HEALTH RAISES $10M IN SERIES-A ROUND Nigerian healthtech Helium Health has raised $10-million in a Series-A funding round co-led by UAE-based investor Global Ventures and Singapore and Nairobi headquartered Africa…

Staff Reporter

Venture capital

• 7 May 2020

DON’T PLAY TO WIN, PLAY TO SURVIVE, ARGUES VENTURE CAPITALIST In these tough times, entrepreneurs must execute a mind shift from “playing to win” to “playing not to lose”, as the key to

the…

Staff Reporter

Venture capital

• 7 May 2020

More__

CRYPTOCURRENCY

NIGERIAN PAYMENTS APP BUNDLE LAUNCHES AFTER NETTING $450K FROM BINANCE Bundle, a Nigerian payments app for cash and cryptocurrencies, has launched after netting $450 000 from global blockchain company Binance. Bundle allows users to buy,…

Staff Reporter

Cryptocurrency •

27 Apr 2020

SA’S INTERGOVERNMENTAL FINTECH WORKING GROUP RELEASES POSITION PAPER

ON CRYPTO ASSETS

The SA government’s Intergovernmental Fintech Working Group (IFWG) has drafted a policy position paper on crypto assets, the SA Reserve

Bank said in a…

Staff Reporter

Cryptocurrency •

17 Apr 2020

ECOSYSTEM-WIDE COLLABORATION PLATFORM SA BLOCKCHAIN ALLIANCE HAS

LAUNCHED

A blockchain ecosystem-wide collaboration between government, academia, business and civil society has launched. The South African National Blockchain Alliance (Sanba) was officially launched

earlier…

Staff Reporter

Cryptocurrency •

17 Apr 2020

SA’S SAFCOIN LAUNCHES JOBS SITE WITH AIM OF SETTING UP AFRICAN CRYPTO ECOMMERCE ECOSYSTEM SA cryptocurrency startup Safcoin wants to create an ecommerce ecosystem in Africa that allows customers to pay for goods and services using cryptocurrency over… Stephen Timm: Editor

Cryptocurrency •

11 Mar 2020

More__

EVENTS

TOP STARTUP WEB EVENTS IN SOUTH AFRICA, AFRICA YOU SHOULD KNOW ABOUT

THIS WEEK

Today Startup Grind Pretoria will host a free webinar that looks at the state of entrepreneurship support organisations in South Africa.

This, while on…

Staff Reporter

Events • 5 May 2020 TOP STARTUP WEB EVENTS IN SOUTH AFRICA, AFRICA YOU SHOULD KNOW ABOUT

THIS WEEK

On Thursday (30 April), Founders Factory Africa and AfricArena brings together fund managers and limited partners to discuss short-term measures that can be adopted…

Staff Reporter

Events • 27 Apr 2020

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YOUNG ENTREPRENEURS

GOVERNMENT INTERVENTIONS FOR ENTREPRENEURS AROUND COVID-19 With the current Covid-19 pandemic around the world, many businesses are struggling to keep their doors open. Many entrepreneurs all over

Africa are now…

Sisanda Ntshinga

Young Entrepreneurs

• 11 May

2020

AFRICAN GOVERNMENTS LOOK TO INCREASE THE NUMBER OF YOUNG ENTREPRENEURS The over-dependence of African youths on formal employment has become quite alarming, given the declining job opportunity in the formal sector. Thus, meeting Sustainable…

Dolapo Adeyanju

Young Entrepreneurs

• 8 May 2020

IS THE SUCCESS OF YOUNG AFRICAN ENTREPRENEURS UP TO THE STATE? A typical entrepreneurial journey is one not devoid of highs and lows, laced with a lot of ‘luck’, and an enabling environment bolstered

by…

Dolapo Adeyanju

Young Entrepreneurs

• 24 Apr

2020

THE RISE OF PEER-TO-PEER EMPLOYMENT With the increasing rate of youth unemployment in Africa, there is consensus that the formal sector is incapable of absorbing the ever-growing population of…

Dolapo Adeyanju

Young Entrepreneurs

• 23 Apr

2020

Directory__

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Contact our Sales Executive, Nomthandazo Mhlanga: nomthandazo.mhlanga@memeburn.com AS BUSINESSES RE-OPEN, NO-TOUCH PAYMENT SOLUTIONS NEEDED FOR CUSTOMERS As businesses reopen during level-four lockdown in South Africa, there’s increased demand for contactless (no-touch or remote) payment options. Many businesses are being forced… AlphaCode Company Office •

about 2 hours ago

HOW TO STOP YOUR RAND SAVINGS FROM BECOMING JUNK: REVIX LAUNCHES USD

COIN

The Rand has lost over 40% of its value to the US dollar since this time last year and is down 60% to the… Revix Company Office • 6 May 2020 CODING BOOTCAMPS: THE END OF AN ERA Lets face it. Developer training has become boring. We see the same training programmes doing the same things with each using fancier

words to…

Zaio Company Office • 29 Apr 2020 WANT TO KNOW WHERE TO INVEST DURING A RECESSION? Financial markets have experienced the fastest ever crash over the past few weeks. Even during the 2000’s dotcom bust and the 2008

Great Financial…

Revix Company Office • 9 Apr 2020

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