Acumen Software has just concluded R 14 million Series A investments with Andzani Ventures and Imvelo Ventures, which are backed by Sappi Southern Africa and Capitec Bank, respectively to raise growth capital for its purposes of implementing its My Smart City citizen platform, with the support of Empowerment Capital Investment Partners My Smart City is a citizen platform that provides the public with an environment to engage all of the service providers in the city; this includes, Municipal Services, Emergency Services, Private Services, and Entertainment Services in The City.
The University of the Western Cape (UWC) has received one of its greatest gifts to celebrate its 60th anniversary – a multi-million rand partnership with Imvelo Ventures to empower a new generation of leaders who will transform the business world. Imvelo Ventures – a venture capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners – will invest approximately R11-million over three years to the university’s data science programmes.
Imvelo Ventures a Venture Capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners (www.empowerment.capital) has invested into MoneyWorks, a fintech start-up, to ensure a much-needed solution to the meagre financing currently available in the market to SMEs. The MoneyWorks solution has become even more important as SMEs and large businesses alike start their recovery from the economic shutdown caused by the covid -19 pandemic.
Enterprise and Supplier Development is arguably the most important element on the B-BBEE scorecard. The DTI recognised this by suggesting a higher emphasis on this element in the amended BEE Codes. Over 40 points of the BEE Scorecard are allocated to this element and it...
Many business owners dream of taking their business globally. While that seems a distant reality for some, the internet, social media and online communities have reduced thousands of kilometres to mere megabytes of data.
After more than 20 years of democracy, we can argue that we have made little, if any, inroads into addressing unemployment and our economy is still largely reliant on the influx of financial capital to supplement our trade account deficits and very soon may face the ills of our past with what many seem imminent of a sovereign rating downgrade.