South Africa: Latest News
Ann Brown, 2:55 am AFKI Original
Ghanaian entrepreneur Nana Opoku W.O. Agyeman founded Asoriba, a web-based church management application that keeps the church connected to its members throughout the week, and not only on Sundays. So far, Agyeman has signed 395 churches in Ghana, Kenya, South Africa, Nigeria, and the U.S. He has registered 30,000 church members to Asoriba, which was named the Ghanaian startup of the year in 2015.
Peter Pedroncelli, 6:40 am AFKI Original
Africa loves sport, and the popularity of numerous top sports such as soccer, rugby and cricket has inevitably attracted tech companies that are interested in funding sport in the form of sponsorship deals to be associated with the various teams, competitions and players. Numerous global and local tech brands benefit from this, while the sports themselves require the finances provided by these deals to survive and thrive.
Peter Pedroncelli, 3:19 am
South African bitcoin wallet and exchange, Luno, has expanded into Europe while attracting an additional investment of $9 million in a recent round of funding. Luno announced that it was expanding its service offering to cater for an additional 35 markets in Europe, bringing its total number of territories to 40. The bitcoin exchange enjoyed a successful Series B funding round led by London-based venture capital firm Balderton Capital.
Staff, 8:02 am
Mastercard released its first South African SpendingPulse report. The report, published worldwide, is based on transactions across every payment medium – including cash, wire transfers, and credit cards. This equates to over 80 billion transactions processed annually in 210 countries, and provides an accurate representation of consumer spending habits. Sarah Quinlan, senior vice president for Mastercard, indicated that one of the biggest changes in shopping trends came after the 2008 recession.
Staff, 7:50 am
Silicon Valley based African Technology Foundation and Managing Partner of the Liberalizing Innovation Opportunity Nations partnership, announced the launch of the State of Play report. The report provides a continental, regional, and industry look at the evolution of technology ecosystems on the African continent. The report highlights the youthful population and the bias towards innovation and entrepreneurship, and sets the stage for a deep-dive into technology and innovation activities.
Staff, 2:46 pm
SA property companies should use tough economic times to strengthen themselves for the future, says research and advisory group, Grant Thornton.Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment; but to prosper in the future, the industry must enhance its capabilities to manage new types of disruptions. Lee-Anne Bac, Grant Thornton, believes SA property firms cannot rest on their laurels in difficult conditions.
Peter Pedroncelli, 5:50 am AFKI Original
Instant messaging apps have become indispensable for most modern smartphone users, and Africa is no different, with a number of popular mobile applications being used around the continent. Engaging with friends and family has never been easier, with mobile phones equipped to facilitate messaging via these apps, making communication affordable and more accessible than ever before for African users.
Peter Pedroncelli, 6:12 am
Shoppers in Cape Town will, for a limited time, be able to use bitcoin as a payment method for groceries and services at a Pick n Pay supermarket store in the South African city. In what is potentially a world-first for a major supermarket chain, customers at Pick n Pay’s head office campus store in Cape Town will be able to use the bitcoin cryptocurrency for their purchases on a pilot basis.
Kurt Davis Jr., 5:18 pm AFKI Original
While some African supermarket chains are achieving success, Kenyan brands Nakumatt and Uchumi are struggling badly. Smaller countries, such as Mozambique and Namibia, provide bigger opportunities for expansion (and returns) compared to East African nations. One can better manage growth expectations and costs in neighboring southern African countries, including Zambia, than in the rising East African giants.
Peter Pedroncelli, 6:23 am
The first data science training academy has been established in South Africa, with a $3.8 million investment by Business Connexion Group (BCX) enabling the launch of the academy. The substantial investment from information and communications technology firm, Business Connexion Group, has gone towards the establishment of the Explore Data Science Academy, which will aim to satisfy the growing demand for big data analytics and related skills in the country.
- Real Estate