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.
Thursdays Lingerie and Swimwear is going for gold in the African crowd funding space. After having financed the start up through traditional means of boot strapping, obtaining loans from family and friends, and even venture capital on the reality investment show Shark Tank South Africa, Thursdays CEO, Shona Macdonald has set her sights on a largely underutilised form of finance in the African Landscape, crowdfunding.
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.
We have a motherfreaking podcast! Yeah, okay, so we know that everyone and their cats, dogs and llamas are also working on podcasts, but ours is going to be flippen’ awesome. As with everything Heavy Chef related, we’re doing, learning, sharing - then mastering over time. Together with the amazing peeps over at Xero, we’re going to be evolving this series into Africa’s finest podcast interviewing the smartest individuals we can find. Check out our first episode here, with our amazing content manager at Heavy Chef, Ondela Mlandu, chatting to the CEO of South Africa’s biggest presentation company, about presenting tips, techniques and skills.
DigsConnect is a platform that assists students looking for a place to stay by pairing them with homeowners in Cape Town that are looking to rent out their properties on a long-term basis. DigsConnect CEO Alexandria Procter recently revealed at a Heavy Chef event that the team have raised R12-million in what is a groundbreaking seed round for a student startup. I spoke to Alexandria about the round seed funding she acquired.
We’re less than a week away from the launch of Ian Russell’s new book, The Other End of The Telescope. The Heavy Chef team is excited to have a lineup of powerhouses on our Cape Town and Joburg stages. A new addition to the Cape Town leg of the book launch is one of Africa and South Africa’s finest public speakers, someone who is no stranger to the Heavy Chef community.
Heavy Chef sat down with Richard Jamieson, the Senior Associate from Lockstep. Lockstep is a company that assists clients who seek customised leadership solutions. What that means is that they are building leadership skills that will ultimately drive strategy and delivery performance. We wanted to find out how you train leaders to be leaders. Jamieson gave us some fascinating insights.
Heavy Chef announced earlier this year that we have partnered with Global Citizen. The international action-based organisation will be working together to bring you even more insightful learning experiences this year. Global Citizen is changing the way Africa’s governments and corporations interact with their constituents. Ondela Mlandu from Heavy Chef chatted to Carina Claassens, African Marketing Manager for Global Citizen, to find out more about the remarkable work that her team is busy with.