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News and Updates on Entrepreneurship in South Africa

The Rage And Tears That Tore A Nation

Snapshots of the outrage against foreign nationals and protests against sexual offenders in South Africa in recent weeks, captured by FORBES AFRICA photojournalist Motlabana Monnakgotla. As the continent’s second-biggest economy, South Africa attracts migrants from the rest of Africa. But mired in its own problems of unemployment and political instability, …

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How South Africa’s Black Economic Empowerment Initiative Empowered the Powerful

Regiments Capital, a boutique South African securities investment firm, earned more than 891 million rand ($58.7 million) in shares by taking advantage of a government initiative designed to mitigate the inequality of 50 years of apartheid, an OCCRP investigation reveals. Regiments has already been implicated in several schemes that allowed the controversial …

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Tech startup launches online digital training

Training provider People Solutions announced their partnership with Digemy, a tech startup based in Cape Town, to launch Digital Academy under the FutureSkills.Africa brand. 4IR skills development Changing the future of education starts with changing mindsets. The schooling and education model hasn’t evolved for centuries. Typically, it’s been linked the …

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New female-focused accelerator launched in SA

Global digital marketing firm Dentsu Aegis Network has launched Female Foundry, an initiative to support female entrepreneurs, in five of its markets, one of which is South Africa. Initially founded by iProspect in Singapore, Female Foundry is now being rolled out across Dentsu Aegis Network, with implementations already underway in South Africa as …

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Cape Town startup SweepSouth raises R50m in new funding round

Cape Town based on-demand domestic cleaning service SweepSouth today announced that it raised more than R50-million in its latest funding round. Investors in the round include the Michael & Susan Dell Foundation which invested $1-million (R14.5-million) in the company. The startup said in a statement earlier today that existing investors Naspers Foundry, Smollan, Vumela, CRE VC (previously Africa …

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