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Bongumusa Makhathini to lead Empowerment Capital as CEO

Bongumusa Makhathini to lead Empowerment Capital as CEO
bizcommunity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizcommunity.com Daily Mail and Mail on Sunday newspapers.

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Imvelo Ventures invests in Quench

Imvelo Ventures invests in Quench
it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.

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City of Cape Town opens second electric vehicle charging stationThe City of Cape Town (CoCT) has opened its second public electric vehicle (EV) charging station. The station is situated in the parking area of the Somerset West Civic Centre. E-mobility offers the city and its residents an opportunity to create a healthier, more inclusive metro. As a proactive climate change response, it will help enable our Covid-19 recovery, said the CoCT in a statement.
SABC s Noxolo Grootboom announces retirementNoxolo Grootboom has announced her retirement after working for the SABC for 37 years. The public broadcaster confirmed the news on its Twitter account. ....

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Empowerment Capital Closes Almost R200m In 13 SA Start-Up Deals In 18 Months

Empowerment Capital Closes Almost R200m In 13 SA Start-Up Deals In 18 Months
1 month ago
4 min read
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Although investment activity was subdued across the board in 2020, it was an extraordinary deal making year for South African venture capital firm, Empowerment Capital Investment Partners (Pty) Ltd. The company had its most active year yet, aggressively and proactively executing investments in South Africa’s up-and-coming entrepreneurs.
Empowerment Capital and its investment funds – Andzani Ventures, Imvelo Ventures and Thuthuka Nathi Ventures – approved and placed a total of R162 million into 13 South African start-ups between July 2019 and February 2021. Furthermore, R32.5 million is approved for placement in the coming weeks in three exciting new ventures. ....

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Tech firms spring up in fertile Covid conditions

Tech firms spring up in fertile Covid conditions
31 January 2021 - 07:18 By NICK WILSON
SA s economy may have been ravaged by the pandemic and years of sluggish growth, but small to medium-sized start-ups are still springing up, especially in the technology and fintech sectors.
South African venture capital group Empowerment Capital Investment Partners - founded in 2015 by Anton Baumann and Mark Fitzjohn - said its investment companies Andzani Ventures, Imvelo Ventures and Thuthuka Nathi Ventures approved and placed R162m into 13 local start-ups between July 2019 and this month, with a further R32.5m approved for placement in the coming weeks in three new companies. ....

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