Digital Business News Updates 2020

7 Latest Digital Business news updates.
Find List of Digital Business Trends 2021 from various News Websites / Blog / Articles
 
5 Online Safety Tips for the Holiday Season

The holiday season becomes a treasure trove for lawbreakers who see numerous chances to get unwary customers, especially on the web. We have for quite some time been pulled into the accommodation of internet shopping, and the pandemic's lockdowns have stirred our excitement. As indicated by Salesforce's Global Shopping Index, worldwide digital business has developed by 71%, and the Consumer Pulse study found that 30% of South Africans do shopping online in June. Cybercriminals know this. So to prepare for the holidays, here are eight tips and tricks to look out for: If it is too good to be true: Criminals will attempt to bait you with something free, for example, counterfeit vouchers or rebate offers, uncommon proposals on restricted amounts of a search after the item, or prompting you to freeze since something appears to be off-base, for example, an email asserting your request has fizzled. Never trust the link: You're not in a difficult situation yet on the off chance that you get a dubious message. An assailant needs you to click a link or install an attachment. Think twice about fake messages: You probably get a fake SMS that will make you panic. For instance, an SMS expressing your Visa has been frozen, joined by a helpful connection to unblock it. Buy from reputable sources: Many fake sites and applications only duplicate the look and feel of the true shops. Take a gander at the site's location and authentication (the little latch symbol on the program address bar). 5. Use third-party payments: Even the trustworthy locales might be undermined, and crooks utilize an 'e-skimmer' to take your details. To be protected, use an outsider wallet or virtual card for the exchange.

jan 11 2021 6:16pm
newsarticle News : Startups
Programme launched to strengthen tech ecosystem in Western Cape

The Western Cape Governments digital Economy Unit within the Department of Economic Development and Tourism has launched the regions first programme dedicated to strengthening the local tech startup ecosystem. Titled the DashTech programme, it aims to support the regions tech ecosystem by optimising growth for local tech startups and enabling job creation in the digital economy of the Western Cape. David Maynier, Western Cape Governments Minister of Finance and Economic Opportunities sheds light on the launch of the new programme and its overall aims. To further strengthen our position as Africas tech capital, digital Economy Unit in the Department of Economic Development, have launched the first DashTech programme to build on the local startup culture, to support the tech ecosystem and create an enabling environment for future growth and job creation in the digital economy in the Western Cape. The DashTech programme The programme kicked off its first session of events in November, coinciding with tech month in the region. The programme held events that facilitate a platform where startups could connect with potential investors, generate innovative ideas, collaborate with other businesses, enter new markets, improve local product development, and more. With an innovative approach, the DashTech programme aims to fill existing gaps within the funding scene along with available accelerators and incubators. The Dash-Tech programme held in November 2020 covered the following areas of the tech ecosystem: ScreenTech: This refers to technologies that operate using any form of a digital screen. ScreenTech is used to connect people to film, multimedia, gaming, animation, mobile, etc. SafetyTech: This relates to safety and security-related technologies that encourage safe and cohesive communities. Fintech: This refers to financial technology which includes mobile payments, and e-wallets, to improve and automate financial service delivery. TownshipTech: This is an adaptation of the Smart Cities concept which builds innovative tech solutions geared towards local township communities specified to their conditions. 4IRTech: The Fourth Industrial Revolution that is tech-based includes Artificial Intelligence, Machine Learning, Blockchain, additive manufacturing, the Internet of Things, and other emerging technologies. Following the launch of the Western Capes tech ecosystem initiative, the Dash-Tech programme is an extension of the region's intentions to establish itself as the continent's tech hub. (see this story) The programme's overall objective is to create the best environment for companies to come together and drive business growth which will contribute to the economy in the Western Cape. According to a statement by the Western Cape Government , the region is home to many tech and digital businesses that are primarily based in Cape Town and Stellenbosch. Various companies include Silicon Cape Initiative, Loudhailer, IEASA Interactive Entertainment South Africa), CiTi (Cape Innovation and Technology Initiative) and KPMG will function as hosts for DashTech programme events. The programmes overall objective is to create the best environment for companies to come together and drive business growth which will contribute to the economy in the Western Cape.

dec 9 2020 6:54pm
newsarticle News : Startups
Free digital management tool for SA SMEs launches

22seven business , a free digital business management tool that will assist small businesses in SA to operate more efficiently through financial management has officially launched. It is an extension of the 22seven money management app which aims to track cash flow to monitor and create professional quotes and invoices. 22seven business, a wholly-owned subsidiary of Old Mutual , is a platform that is home to a number of innovative business tools that allow small South African business owners to upgrade their financial management with no additional cost. 22seven business is available on desktop and manages finances, quotes, and invoices, as well as tracking business spending. In an official press release, Jikku Joseph, Managing Director of 22seven business, explains the launch to be an extension of the already existing 22seven money management app. Our mission has always been to help build a financially strong South Africa. The small business sector in South Africa continues to have the potential to be a powerful engine of growth. Its success could make a huge and significant contribution to employment and socioeconomic development in South Africa. As a part of the Old Mutual Group, we share their commitment to playing a role in facilitating the success of entrepreneurs. We built 22seven business with the help of 22seveners who were using our original app and trying to apply it to ease their business admin. Our research showed that what small business owners were primarily looking for was a simple financial overview, better spend tracking, and professional invoice management. So these are the challenges we're addressing first. The impact of Covid-19 on SMEs The Covid-19 pandemic drastically impacted small businesses in SA, however, it accelerated the launch of 22seven business as small businesses urgently required assistance during the economic turndown. The free business tool aims to support the economic recovery of SA and develop a sustainable ecosystem for small businesses. How it works Users are able to link bank accounts safely as well as track their business finances in one place. 22seven business uses smart machine learning and specified rules to guarantee that business transactions are classified automatically which ensures easy reporting. Users interested in 22seven business can register here , free of charge. Joseph explains that the objective to build a sustainable ecosystem for small businesses will add value for SA business owners and 22seven. Our envisaged model will ultimately help small businesses access essential services and solutions required to run a successful business via the platform. 22seven business partners with Lulalend, an online South African automated provider of short-term funding for SMMEs, to grant small businesses access to lending solutions supported by invoices.

nov 23 2020 6:37pm
newsarticle News : Startups
Western Cape launches tech ecosystem initiative

The digital Economy unit at the Department of Economic Development and Tourism has collaborated with the Western Cape Government, City of Cape Town, Wesgro, and various facilitators in the tech ecosystem in the region such as CiTi, Silicon Cape, LaunchLab and Startup Bootcamp, to launch a new brand and initiative aimed at positioning the Western Cape as Africas Tech Capital. The new brand aims to unite the tech ecosystem of the Western Cape, acknowledging the values, skills, talent, and innovation of numerous tech startups in the region. In an official press release, Alan Winde, Premier of the Western Cape, revealed the new brand and initiatives logo at a launching event and commented on how the pandemic has accelerated the digitization of the local economy. We are excited to proudly declare Cape Town and the Western Cape as Africas Tech Capital. The Covid-19 pandemic has shown us just how important this new digital economy is and it bodes well for our provinces recovery plan that we are the leading in this space. I want to thank our Department of Economic Development and Tourism for their hard work on this pioneering project. And I also want to thank all those innovative start-ups for your role in developing our amazing tech ecosystem. The tech ecosystem initiative Western Capes tech ecosystem is thriving with tech and digital businesses mainly located in Cape Town and the Stellenbosch region. Tim Harris, CEO of Wesgro, echoes Cape Towns success in digital technology in an official press release. We need to affirm our status as leader of the African tech ecosystem and declare this on the international stage. We have the overwhelming evidence that Cape Town is Africas leading tech capital. Now, we need to jointly tell the world! The new tech ecosystem brand will offer tech startups and companies in the Western Cape the following: A community of diverse companies across the tech ecosystem Supporting institutions to increase ease of business for tech-based companies or startups Over 22 active incubators and accelerators in the region, providing business and tech support, mentoring, networking opportunities, and access to possible funders. More than 25 co-working spaces The University of Cape Town, Stellenbosch University, CPUT, and the University of the Western Cape, in addition to six TVETs (Technical and Vocational Education and Training) in the Western Cape, all contribute to the growing tech sector and assisted businesses during Covid-19. Alderman James Vos, Mayoral Committee Member for Economic Opportunities and Asset Management commented on the excellent IT infrastructure as The City of Cape Town funded Cape Innovation and Technology Initiative (CiTi). With an internet take-up of 63% and with one of the largest open-access fibre networks in Africa, Cape Town is home to the vast majority (almost 60%) of South Africa's start-ups. The City-funded Cape Innovation and Technology Initiative (CiTi) is Africa's oldest tech incubator and has turned out more than 2,000 businesses and supported more than 3,000 entrepreneurs since its inception in 1999. In response to this growing industry, the City of Cape Town is continuing to invest in IT infrastructure, and to date, the City has installed 848km of fibre-optic cable. As a City, we will continue to support and invest in high growth sectors that will create jobs for our residents. This is a caring city, but more so, Cape Town is an opportunity city and we are open for business. Adopting digital technologies Covid-19 presented unforeseen challenges for businesses and as a result, many companies have adopted digital technologies. According to the Western Cape Government, the digital economy is an attractive investment opportunity that continues to bring international investments onto the local shores. In addition, the investment into the digital economy fosters the growth of tech startups/companies along with increased employment opportunities in the tech sector for locals in the Western Cape. David Maynier, Western Cape Minister of Finance and Economic Opportunities acknowledges the challenges Covid-19 brings to businesses and ensures the launch of the new brand will assist in the economy's recovery. The launch of this new brand couldnt happen at a better time as we reopen our economy and begin rebuilding so we can save jobs in the Western Cape. The key to our economic recovery is the partnerships between the government and the private sector. And this new brand, which is a confidence boost to the sector, is a great example of a successful partnership between the government and the private sector. The Western Cape Government is encouraging tech startups and businesses to become apart of the tech ecosystem, in turn positioning the regi

nov 10 2020 6:19pm
newsarticle News : Startups
Western Cape initiative to create Africa's top tech ecosystem

Share The Western Cape Government (WCG) plans on actualizing a united tech ecosystem within the capital that sets it apart as the top tech capital within the African continent. Western Cape's provincial government is committed to raising Cape Town's status as the undisputed tech capital and leader in the tech ecosystem. WCG plans to cultivate the values, skills, innovations, and lifestyles championed by the tech sector within Cape Town and Western Cape. The city is currently ranked among the top budding start-up ecosystems in the globe as many tech and digital businesses call it home. Alan Winde, Cape Town's premier proudly declared Cape Town and Western Cape as the "Africa's tech capital." The initiative is a product of the digital Economy unit at the city's Department of Economic Development and Tourism in collaboration with Wesgro, City of Cape Town, Western Cape Government, and other tech facilitators such as LaunchLab, Startup Bootcamp, Silicon Cape, and CiTi in launching the new brand. According to Ventureburn , this new ecosystem will offer startup access to a diverse pool of tech companies, supporting institutions, 22 operational accelerators and incubators, 25 coworking spaces, and higher education institution networks. Tech companies are advised to submit their details here so as to be included within the ecosystem. Share

nov 9 2020 8:56am
newsarticle News : Startups
Four local business incubators that support local SMEs

The Innovation Hub (TIH) has worked to support new and innovative digital businesses through their business incubators. Through these incubators, TIH has provided a business mentorship, opportunities for seed funding, commercialisation, and market access for participating startups and SMEs. Tsietsi Maleho, CEO of The Innovation Hub, explained during a recent graduation ceremony that regardless of a business's growth potential, it will require support to get its feet off the ground. We guide our entrepreneurs and help them turn their potential into action so that they can build a better tomorrow, said Maleho. Maleho further explained that the business incubators have assisted past graduates to generate much-needed employment opportunities, further contributing to the local economy. This is made possible thanks to the partnerships we have forged with the private and public sectors. The industry, government, civil society, and academic and research institutions have been invaluable to TIH and our entrepreneurs." The business incubators Maxum business Divided into two parts, Maxum Smart and Maxum digital, Maxum business provide development support to startups in the smart and digital industries The smart industries include businesses with products or services relating to big data and analytics, cybersecurity, artificial intelligence, and advanced manufacturing. digital startups such as gaming, animation, and virtual reality tech startups are also eligible for this business incubator programme. Maxum digital has collaborated with Wits University to primarily focus on supporting township youth and unemployed graduates. Both sections of Maxum business provide entrepreneurs with infrastructure and funding opportunities, networking and marketing opportunities as well as advisory and skills development. Some Maxum Alumni entrepreneurs include the following; Carbon Reduction Technologies which provides LED lights and Pulego Communications which provides Information and Communication Technology (ICT) solutions, consulting, and training services. Climate Innovation Centre South Africa In partnership with the World Banks InfoDev and the Development Bank of Southern Africa green fund , the Climate Innovation Centre South Africa provides development support to startups in South Africas green economy sector. The innovation centre focuses on the energy, water, and waste sectors in the green economy. The previous entrepreneurs that have graduated from the Climate Innovation Centre include the glass recycling startup, DNF Waste, and Environmental Services and Eco-V that sells hybrid Solar water heaters coupled to a Heat pump and uses a low-pressure storage tank for the water. [email protected] This incubator programme provides support to startups in the industrial, health, and agro-processing sectors. Their partnership with the Gauteng Department of Agriculture and Rural Development (GDARD) and eGoliBio Life Sciences Incubator . Portia M Skin Solutions was supported by [email protected] and sells skincare products made from Marula Oil. Another health startup that benefited from this incubation programme was XS Health which provides complementary medicines to antibiotics, probiotics, African Herbal remedies, and mens health. eKasilabs eKasilabs primarily focuses on supporting startups within sectors in townships located in Gauteng. Their primary focus on the creative economy, bio-economy, smart industry, green economy, and multimedia sectors. Eco Finesse, a healthtech startup, manufactures and supplies hygiene and health products including hand sanitizer, hand and body lotion, and hair products.

oct 7 2020 5:58pm
newsarticle News : Startups
Facebook to open an office in Lagos in 2021

Facebook has announced its plans to open new offices in Lagos, Nigeria in 2021 and aims to continue its support for tech based SMEs in the region. These offices will house various teams in the business including policy and communications, partnerships, and sales. This new office space will also be the first to have a team of engineers and support the sub-Saharan region. This forms part of Facebooks continued effort to support the small to medium businesses in Africa, specifically in the tech industry, The announcement follows the opening of the NG_Hub in 2018. In 2019, Facebook partnered with Teleperformance to open the Small business Group (SBG) Operations Centre. Growing Nigerias tech industry Facebooks Head of New Product Experimentation, Ime Archibong, explained that opening a new office in Lagos Nigeria would present new opportunities for digital businesses from Africa to reach a global market. All across Africa were seeing immense talent in the tech ecosystem, and Im proud that with the upcoming opening of our new office, well be building products for the future of Africa, and the rest of the world, with Africans at the helm. We look forward to contributing further to the African tech ecosystem, said Archibong. Supporting small and medium businesses Since Facebook first opened its Johannesburg office in 2015, they have continued to provide investment opportunities across the continent to support Africas tech industry. Through their investments, they have been able to provide reliable connectivity infrastructures that have helped businesses grow. The Regional Director for Facebook Africa, Nunu Ntshingila, stated that the office in Nigeria will play an important role in expanding its investments and supporting businesses in Africa. Five years on from opening our first office on the continent in Johannesburg, South Africa, were continuing to invest in and support local talent, as well as the various communities that use our platforms, said Ntshingila. Facebook has also introduced on-going training programs that have supported SMBS, female entrepreneurs, developers, startups, students, and digital creatives all over the continent. The SMB Grants Programme based in South Africa and Nigeria has assisted over 900 businesses that have suffered due to the Covid-19 pandemic. Facebook has also supported the growth 2Africa the worlds largest sub-sea cable project that will deliver the necessary internet capacity and reliability across large parts of Africa. Facebook has announced its plans to open new offices in Lagos, Nigeria in 2021. These offices will house various teams in the business including policy and communications, partnerships, and sales. This new office space will also be the first to have a team of engineers and support the sub-Saharan region. This forms part of Facebooks continued effort to support the small to medium businesses in Africa, specifically in the tech industry, The announcement follows the opening of the NG_Hub in 2018. In 2019, Facebook partnered with Teleperformance to open the Small business Group (SBG) Operations Centre. Growing Nigerias tech industry Facebooks Head of New Product Experimentation, Ime Archibong, explained that opening a new office in Lagos Nigeria would present new opportunities for digital businesses from Africa to reach a global market. All across Africa were seeing immense talent in the tech ecosystem, and Im proud that with the upcoming opening of our new office, well be building products for the future of Africa, and the rest of the world, with Africans at the helm. We look forward to contributing further to the African tech ecosystem, said Archibong. Supporting small and medium businesses Since Facebook first opened its Johannesburg office in 2015, they have continued to provide investment opportunities across the continent to support Africas tech industry. Through their investments, they have been able to provide reliable connectivity infrastructures that have helped businesses grow. The Regional Director for Facebook Africa, Nunu Ntshingila, stated that the office in Nigeria will play an important role in expanding its investments and supporting businesses in Africa. Five years on from opening our first office on the continent in Johannesburg, South Africa, were continuing to invest in and support local talent, as well as the various communities that use our platforms, said Ntshingila. Facebook has also introduced on-going training programs that have supported SMBS, female entrepreneurs, developers, startups, students, and digital creatives all over the continent. The SMB Grants Programme based in South Africa and Nigeria has

sep 29 2020 8:36pm
newsarticle News : Startups