Tankiso Motaung’s Red Puppy platform wants a slice of SA’s estimated R10 billion online shopping sector and to take on the likes of Takealot.
Of the total $800 million, over $200 million will go towards an investment fund that will provide financial support for small businesses amid the COVID-19 outbreak.
The company will no longer make investments in firms that sell the controversial technology, and will disassociate itself from AnyVision.
In order for businesses to trade during the lockdown, they have to apply via a government portal, in terms of the regulations.
ITWeb TV: Does SA have what it takes to produce a billion-dollar unicorn? | Episode #98
Innovation Hub CEO Bangani Mpangalasane discusses Gauteng's budding start-up ecosystem, why SA has yet to produce a unicorn company, and innovation that can be a catalyst for economic development and resolve societal challenges.
Government is urged not to discriminate against ICT businesses in the Debt Relief Fund allocation process.
In an effort to help small businesses, the telco offers loans to SMMEs, with a turnaround time of four hours.
Grindstone receives an investment from the SA SME Fund and concludes agreements with Google and Deloitte to extend its reach.
The company mulls the national rollout of its Fast Forward Series, as it looks to advance the digital transformation of more local businesses.
Lack of venture capital support led SweepSouth’s founders to sell everything they owned to fund the initial stages of the start-up.
Parliament’s science and technology committee wants to see the removal of both the interim chairperson and CEO of the Technology Innovation Agency.
The company opens applications for local SMEs to apply for its multimillion-rand equity equivalent investment programme.