As an entrepreneur, you’re always looking for opportunities to grow your business. While there are countless ways to do this, one particularly creative option is through charitable collaborations. Working with a non-profit or a charity is a growth opportunity that entrepreneurs need to embrace in 2019. Read on to discover why, with some useful tips to get you started as well.
Podcasting seems to be the new Facebook but for audio. These days everyone has a channel with a cute profile pic and gets to talk into the microphone about anything that's on their minds. False! It is much more sophisticated than that statement, and we learn Who, What, Where and Why in this article.
Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs), announced its Series A financing of $6.5 million. The round was co-led by IFC and Quona Capital, a leading fintech firm whose funds are sponsored by Accion, with participation from existing investors Accion Venture Lab and Newid Capital. After the announcement, Heavy Chef spoke to Johan Bosini of Quona Capital: “We feel that this is an important investment for the South African ecosystem.
Innovation is what shines through each of the 10 scale-up companies that have been selected for Knife Capital’s first Johannesburg Grindstone Accelerator program. Grindstone is a structured entrepreneurship development program, jointly owned by Knife Capital and Thinkroom Consulting, that assists high-growth innovation-driven SMEs to become sustainable and fundable. Knife Capital joined forces this year with the SA SME Fund and Deloitte to run the program in Johannesburg.
Heavy Chef interviews Justin Sandman the founder of Sandmann Film & TV Productions to talk about what it takes for a visual story-teller to make a name in the South African Film Industry. Justin shares world-class advice, not only specific to aspiring filmmakers out there, but also to those who have chosen creative professions in the digital age.
The adoption of cryptocurrencies in developing countries has been well documented and the anomaly is often flagged that people who have less appear to take greater financial risks. Initial findings from South African startup Luno’s ‘Future of Money’ survey, which took the views of more than 7000 respondents across Europe, Africa and South-East Asia helps explain this phenomenon. As large global tech firms start to move into blockchain and altcoins, the research shows why early adopters, the most important audience for these firms, will probably come from emerging markets.
SweepSouth revealed that it is the recipient of a R30-million investment by Naspers. In October last year, Naspers announced that it had created a $100m fund aiming at investing, via its venture capital fund Naspers Foundry, in local South African startups. SweepSouth is the first significant deal within the fund to be concluded. SweepSouth, founded in 2014 by Aisha Pandor and husband Alen Ribic is an online cleaning services platform that connects clients with domestic cleaners. Sweepsouth’s charismatic CEO Aisha Pandor has featured regularly on the Heavy Chef platform.
Niket Desai is a poster child for the international entrepreneur spirit. At just 30 years old, he has already lived the life that only the new generation of business superstars can. Niket sold his startup Punch’d to Google, the worked at FlipKart, as Chief of Staff and Product, where he presided over one of the fastest growing companies in India’s history. Now, Desai will appear on stage at Heavy Chef, with Valter Adão, Head of Deloitte Digital, in Sandton on the 11th July. Thanks to a collaboration between Heavy Chef Foundation and Nedgroup Investments, a limited number of public tickets for the event and a morning masterclass the following day are available on the Heavy Chef website.
Idan Jaan is a co-founder of new SME financing entity Fundrr. Speaking to Heavy Chef, he outlined the origin of the idea: “SMEs in South Africa do not last longer than three years due to the fact that they cannot get access to proper funding to either expand, grow or continue operating. We believe that accessing credit should not be a strenuous process - and so, we formed Fundrr.”
Kinay Ventures is a Dakar and Abidjan-based innovation and investment platform, co-founded by two inspiring African entrepreneurs, is coming to South Africa. Kinaya Ventures is donating The Heavy Chef Guide to Starting a Business to 160 emerging entrepreneurs in Khayelitsha. Find out how you can get involved by attending one of the meetups, in Cape Town and Johannesburg, in June 2019.
With the Cape Town Coffee Festival around the corner, we were excited to remind you of Heavy Chef’s favourite barista, Sikelela Dibela. His story is a special one. Siki used to be a lead trainer for Vida e Caffe in London, then decided to return to his home - a poverty-stricken township of over two million people outside of Cape Town, South Africa.
Are you an African startup looking to grow your business on a larger scale? Moka Smart City is inviting you to participate to their first ‘Grand Challenge’, targeting African startups. Moka Smart City Mobility, the organisation behind this challenge, aims to make entrepreneurs aware of business opportunities within the green mobility space. Based in Mauritius, Moka Smart City is launching the Grand Challenge in order to identify start-ups that can offer smart, eco-friendly solutions.
There is a company that’s making urban transport affordable and safe. LÜLA, is an app that connects corporate commuters to private shuttles on their way to and from work. This provides a more easier and cheaper way for commuting in cities like Cape Town, whilst saving you money and giving you your precious time back.
South Africa’s economy depends on small businesses and in order to understand how they’re getting on and what they need to continue thriving, we have to ask them the right questions. By talking to 400 small business owners and 200 accountants, we get a better idea of what they’re struggling with, and what their plans are. This year’s report focuses on two main and current themes for small businesses: instability and uncertainty, though not without a bit of optimism.
When I think about life in these terms, it’s surprisingly liberating to me. In all the complexity of existence, the building blocks are brutally simple - fear and desire of the consequences that exist deep within our sub-conscious. However, there is a staggering truth at the end of it: most of these consequences don’t exist.
There is a problem with education in South Africa (and Africa). That much is patently clear. The problem is that leaders don't know how to tackle the problem - or where even to start tacking the problem. The '4th Industrial Revolution' has rendered much of the landscape unintelligible for the people in charge of education portfolios at leadership level. When faced with the challenge, the trap is to call yet another round of talks - and all that results is more talks. After listening to two stirring talks by Sam Paddock and S'onqoba Maseko, Former South African President, Thabo Mbeki, gave a fascinating, cogent and sometimes hilarious speech on the Heavy Chef stage.