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South Africa

ENTREPRENEUR: Founder of Zenzele Fitness Itumeleng Phake

BY STAFFORD THOMAS

Great entrepreneurial ideas can come out of the blue. For Itumeleng Phake, founder and owner of Zenzele Fitness, his came while working with wealthy clients at RMB Private Bank. "RMB was looking to upgrade its inhouse gym," says Phake. "It got me thinking about the potential of a business that would relieve corporates of the complexities involved in setting up and operating a gym." He had hit on the makings of a thriving venture. "I realised it was a business that could easily be scaled up," he says. "There is also very little competition in the market." He had the idea but not the considerable financial resources needed to turn it into a reality. Equipment for a single gym runs to as much as R3m.

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Jacqueline Boulos, a South African entrepreneur helping businesses expand into Africa using powerful, localized content

All too often, brands try to break into new markets without having enough local insights. For one strategic communications agency, that scenario was simply not an option for their clients. Innocomm, the brainchild of entrepreneur Jacqueline Boulos, believes in spending time in and getting to know key markets in order to get brand messages to really resonate with local audiences.

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SAB hosts brunch to promote black women empowerment programme

BY 

SAB hosted a business brunch to promote Lerumo, its black women-focused development programme. Developing small businesses to help them become sustainable and create jobs and value in the South African economic and social landscape, is the purpose behind SAB Lerumo, the breweries’ entrepreneur and supplier development programme. SAB Lerumo targets black women-owned companies that are struggling to break through the barriers and improve their market access capabilities. The programme intends to impart core skills to the women to enable them to improve their market access and to better manoeuvre a large corporate with a complex procurement structure.

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South African Eating-Out App Raises $175K In Funding From Silicon Valley

By Staff

Feastfox, an eating out App from Cape Town, South Africa, has revealed that it has successfully closed its Angel fundraising round, raising $175,000 (R2.3 million) primarily from Silicon Valley-based Angels and VC firms. The mobile startup, which originates out of Stanford University, has a presence in Silicon Valley, Cape Town and Budapest. Feastfox approaches dining experiences from a new perspective, focusing on spontaneous eating out with its “book now, eat now” concept. The venture’s co-founder, Cape Town local, Stuart Murless explains “by raising Angel funding from exceptional, California-based venture capital firms and Angel investors, we proved that it is possible to get early-stage, Silicon Valley financing for a mobile startup in South Africa.”

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