South Africa: Latest News

  • Who’s Moving To Invest In Africa’s Tech Ecosystem?

    Africa's Tech Ecosystem By Staff, 8:11 am

    Allard Luchsinger is the director for private equity at the Dutch-based venture fund, Velocity Capital Private Equity. The company specializes in fintech early-stage investments. Luchsinger shared what motivated his organization to invest in two African start-ups over the last year.

  • How Tech Innovation Could Boost Africa’s Economies With Government Support

    tech innovation in africa By Staff, 7:34 am

    Perhaps it is up to tech innovators to explain to policymakers the practicalities of what their industries need to succeed and meaningfully contribute to the economy

  • Cape Town To Host African Angel Investor Summit In November

    By Staff, 9:33 am

    The African Business Angels Network (ABAN) has announced it will host the fourth edition of its African Angel Investor Summit in November, with this year’s event moving to Cape Town for the first time.

  • 6 Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa

    Six Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa By Peter Pedroncelli, 3:49 am

    The annual World Economic Forum on Africa will see a selection of impressive women tech entrepreneurs taking center stage in Durban, South Africa, with the aim of showcasing the wealth of entrepreneurial talent available on the continent. The 2017 meeting runs from Wednesday, May 3 to Friday, May 5, and will be conducted with the wider theme of “Achieving inclusive growth through responsive and responsible leadership” in mind. Women continue to be an important driver of African economies, with one-third of all businesses across Africa owned by women.

  • Bitcoin Soars To An All-Time High: What It Means For Africa

    Bitcoin soars to an all-time high By Dana Sanchez, 5:07 pm

    Bitcoin surged today above $1,400. Its most recent rise is attributed to strong demand in Japan, where the digital currency is designated legal tender. Most African banks charge 10-to-19% on remittances. Bitcoin has started taking a bite out of the $4B trade from international transfers to Africa, but it’s still moving slowly. The U.S. Securities and Exchange Commission is credited with helping boost the value of bitcoin. The Winklevoss brothers — disputed founders of Facebook — applied to list a proposed bitcoin-tracking exchange-traded fund, and were initially rejected. The SEC is reconsidering.

  • Demand For U.S. Investment Visas From Rich South Africans Doubles

    Demand For U.S. Investment Visas From Rich South Africans Doubles By Peter Pedroncelli, 6:00 am

    The number of wealthy South Africans looking to attain U.S. investment visas more than doubled from 2014 to 2015, with many considering the benefits and advantages of having an exit plan during economic and politically unstable times. Recently released data revealed that South African demand for US EB-5 visas, which enable investors in American companies to obtain a green card, increased noticeably since 2014. A U.S. EB-5 visa can be attained by investing at least $1 million (or $500,000 for projects in a “targeted employment zone”) and creating more than 10 full-time jobs in the U.S. within two years.

  • Opinion: Malaria Vaccine Will Increase Travel, Remove Trade Barriers In Africa

    By Staff, 9:41 pm

    Many South African business leaders say that malaria is among the top reasons they do not travel to other African countries. The world’s first malaria vaccine will undergo trials in Kenya, Ghana and Malawi in 2018, possibly heralding victory over a disease that still kills close to 500,000 people a year, mainly Africans. Although health is a cardinal element of the human development index, this is not a health story, but an economic and a human story. Africa’s bid for economic self-reliance stands to benefit from a malaria vaccine.

  • US Maker Of Bulletproof Cars To Outfit S. African Anti-Poaching Helicopters

    anti-poaching helicopters By Staff, 8:14 pm

    A U.S. company that builds bulletproof cars has contracted to outfit four helicopters for South Africa’s Anti-Poaching Task Force. Heavily armed poachers have become more aggressive, firing on agents as they patrol overhead in helicopters. International Armoring developed lightweight, high-tech fiber materials which weigh up to to 60 percent less than traditional bulletproof armor. “Just like the cars, our focus (with the helicopters) is on the passenger compartment, allowing them time to react and get out of a dangerous situation,” the company president said.

  • World Bank Creates Accelerator Program For African Digital Startups

    digital startups - African tech hubs By Staff, 10:26 am

    The World Bank has announced the launch of XL Africa, an acceleration program aimed at supporting 20 top digital startups from Sub-Saharan Africa. XL Africa will run over five months and startups will be put through a tailored curriculum, while receiving mentorship and the chance to attract early-stage capital of between US$250,000 and US$1.5-million. The program will […]

  • Africa Is The Next Frontier For VCs As Startup Funding Has Increased

    VCs By Staff, 10:25 am

    Venture Capitalists are becoming more and more interested in investing in African startups, and this is only expected to increase over the next few years. According to Clarium Capital founder Peter Thiel, entrepreneurs should look for secrets where no one is looking and turn them into business opportunities. Thiel says it best in his book: […]

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