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South Africa Tag

How Digital Partnerships Can Enable Business Development

Gone are the days when small businesses need to sell their products to just the people who live or work in the immediate vicinity.  Digital platforms and partnerships are now empowering micro-companies to extend their offerings, opening new doors for business growth and development.  As more sectors are evolving and transforming, organisations are discovering how partnering with digital platforms and service providers can help them reach wider markets, provide better services, streamline operations, and access insights that were previously reserved for large enterprises.  Read also: Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer While the global business landscape has been unpredictable, 2021...

Local Tech Startup Launches Platform To Assist Businesses

Launching in the height of the national lockdown in March 2020, Eloh App functions to provide a one-stop platform for locals to access a range of services.  Founded by entrepreneur and qualified electrical engineer, Sanele Mhlongo, Eloh App aims to provide a premium and safe service to local customers. In an interview with Ventureburn, Mhlongo explains that technology is key to promoting and increasing business sales, with Eloh App local businesses can tap into a wider customer base.  Read also: How To Choose The Best mPOS For Your Business “Small and medium-sized enterprises are not sufficiently equipped for the fourth industrial revolution or lack thereof, we aim to bridge the gap...

Driving Entrepreneurial Growth Through Mentoring

The rise in the amount of knowledge sharing and mentoring by businesspeople through partnerships with SMEs and entrepreneurs in order to help them survive and succeed has been, and continues to be, a silver lining in the overwhelming Covid-19 cloud. The significant number of job losses in South Africa in 2020 now means more people need to find some way to bring in income – many will become entrepreneurs and will start small or even medium enterprises. A significant proportion of business survivors in this pandemic are themselves, entrepreneurs. From the outset, they had reduced operational costs, understand their markets, and were able to streamline and adapt...

Nigeria’s Print-On-Demand Startup Expands To United States And Canada After South Africa

Nigeria’s fast growing print-on-demand startup, Kiakiaprint has taken the bull by the horn in the quest for expansion beyond the African continent with their eyes on the American continent by going live in the North American countries of Canada and the United States. The expansion news in July 2020 coincided with the startup’s partnership with online design and publishing company, Canva. Kiakiaprint’s deal with Canva gives its Nigerian and South African customers options to either upload a design, hire a designer on the platform, or use Canva’s designs before printing. Customers in South Africa and Nigeria have access to 9 and 19 product catalogues on the site, respectively....

A Bank In Every Pocket

Confidence in African digital payment solutions is essential to minimising fraud and corruption while improving the free flow of funds to boost business and economic activity. Their value is illustrated in statistics released by the South African Banking Association (SABRIC) in June 2020. Mobile digital payments offer consumers and businesses a convenient method to manage funds, make payments, and gain visibility into accounts and transactions – effectively putting a bank in every pocket. Accessible and reliable, they’re the oil that lubricates the formal and informal economies, enabling financial inclusion at all levels of business and society.  Payment technologies have the potential to open access to financial services...

Digital Transformation: Separating The Average From The Exceptional In 2021

After a year like 2020, “predicting” anything about the future should probably come with a large disclaimer. In business though, this past year certainly separated the leaders from those merely paying lip service to trendy terms like agile, flexible, pivot, and – the now cringe-worthy “new normal”.   Read also: Ride-Hailing Startup, Bolt, Founded By A 19-Year Old Raises Another $182m To Invade Its African Market The impact of the coronavirus has also influenced just about every single one of our expectations around what is digitally possible, with our recent learnings prompting us to think very differently about our strategic planning for 2021 and beyond. And it’s very exciting. Data...

How A Tech Startup Can Thrive During A Crisis

Arlene Mulder is the co-founder of BiB, the first audio library app exclusively for African content available on both the App store and Google Play store. In the BiB app, you can directly purchase and listen to a curated selection of African books, series, and theatre pieces narrated by acclaimed local voice artists. Africa’s rich tradition of storytelling is acknowledged and preserved for future generations on this contemporary platform which effortlessly shares this continent’s original narratives with a worldwide audience. Read also: West African Tech Startup Expands Offering Earlier this year BiB was still an idea. Arlene was working on various projects as a strategic business consultant, however, lockdown amplified her desire to find...

Local Car Tech Startup Launches Drive-To-Buy Model

Car subscription marketplace FlexClub has launched the ‘Drive Now, Buy Later’ model in partnership with an SA car rental company, Avis. The new subscription service allows locals to purchase cars in Mexico and South African markets. The South African-founded automotive tech startup has created a platform that allows South Africans to purchase or rent vehicles at a subscription fee, which is all-inclusive of both insurance and maintenance.  Depending on the driving behaviour, subscribed members of FlexClub will receive a car that will decrease in purchase price over time. Read also: Netflix Names Strive Masiyiwa To Its Board In an official press release, Ramasela Ganda, CEO of Avis SA explains that the partnership...

Five Things Investors Should Look For Before Investing In A VC

People familiar with the startup space generally know that many entrepreneurs rely on investments from venture capitalists (VCs) to fund their growth. But not all VC firms are equal. Just as they would for other investment vehicles, investors need to do their homework before committing cash to a fund.  Here are some of the things they should look for.  1.Entrepreneurial experience  The more entrepreneurial experience that a VC team has, the more likely they are to understand what’s needed to make a startup successful. Higher success rates and more exits ultimately mean better returns for your investment.  Unfortunately, many traditional VC firms are made up of former accountants and corporate...

SA Fintech Launches Prepaid Virtual Card For SMEs

A digital payment fintech, PayCentral, has partnered with Mastercard to launch a secure online platform DigiCentral. The online platform provides SMEs with a cost-effective digital payment solution that allows business owners to pay incentives, rewards, gifting, corporate expenses, and employee salaries via a prepaid virtual card. Read also: AfricInvest Invests In South African Agritech Startup Aerobotics In Its $16.5m Series B Round In an official press release, Veenash Parbhoo founder of PayCentral explains that DigiCentral is targeted at SA SMEs to offer the virtual card as an alternative payment solution. “A large part of our focus in South Africa is directed toward SMEs. We find that owners of smaller businesses need...

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