Every week Finfind selects some of the newsworthy articles to help keep busy entrepreneurs up to date and informed about the latest happenings in the world of SME Finance and other SME news. Enjoy.
Ramaphosa urges more businesses to get involved in youth employment
JOHANNESBURG – President Cyril Ramaphosa has called on more businesses to get involved with the Youth Employment Service (YES) in order to help more young people employable. The president launched the initiative on Tuesday with 100 companies that have already signed up to give internship opportunities to thousands of young people between the ages of 18 and 35.
South Africa should care about the US-China trade turf
South Africa has found itself in the middle of a potential trade war between the United States and China. As the old adage goes ― when two elephants fight, it is the grass that gets trampled. In this case, it will be smaller countries who could bear the brunt. Earlier this month, President Donald Trump signed a proclamation implementing new trade policies including 25% tariffs on Chinese exports, intended to recover at least $50-billion in annual economic harm.
Jasco Carrier Solutions launches virtual CPE for South Africa
Jasco Carrier Solutions is developing a cost-effective virtual Customer Premises Equipment (vCPE) solution for the South African market. Aimed at ISPs and small and medium enterprises, the vCPE brings next-generation technology in an affordable package to the local market to radically improve the cost, time and effort equation involved in network provisioning and management.
“Virtual CPE solutions are the natural evolution of current physical on-premises CPE solutions, but they are very new from a technology perspective, and adoption has been slow in South Africa,” explains Martin Ferreira, executive head of Jasco Carrier Solutions.
Africa and the Start-Up economy
Disrupt Africa, an entrepreneurship portal, has just released a new study that shows that the number of African tech startups that succeeded in raising funding is growing. In 2017, 159 companies were able to raise funds, up from 146 companies in 2016 and a significant increase when compared to 125 start-ups that attracted investment in 2015. This takes African startups to an all-time record high of US$195,060,845. Gabriella Mulligan, co-founder of Disrupt Africa commented that “The tech entrepreneurship ecosystem is really coming into its own across Africa. There have been years of speculation as to whether the tech-first Africa narrative is real or just hype, but these numbers emerging in our research show undeniably that African startups are impacting all aspects of daily life and service delivery.”
This Craft Beer Startup Just Raised over a Million within 24 Hours through Crowdfunding
Within just a few hours of taking their equity crowdfunding round live on Uprise.Africa, Drifter Brewing Company have already raised more than a million rand in growth capital. This is according to an Uprise.Africa press release.
Drifter Brewing Company is a craft beer manufacturer. The company launched a crowdfunding campaign to help accelerate expansion and push their brew into global markets. They are looking to raise 3 million rand in investment locally.
Entrepreneurship Doesn’t Begin When You Start A Business — It Begins Long Before That
Having ground his way through the startup phase of multiple companies, Pejman Ghadimi wants to help people understand what it’s actually like to be an entrepreneur. Ghadimi is the founder of Secret Entourage and author of the bestselling book Third Circle Theory and its sequel, Radius, which was released in 2017. In Third Circle Theory, Ghadimi sets entrepreneurs up for success by examining the journey most books on the topic skip over: getting from where you are now to the finish line.