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The strides made by African economies in achieving economic growth must be accompanied by efforts to boost long-term competitiveness if the continent is to ensure sustainable improvements in living standards states the latest Africa Competitiveness Report 2013, released 9 May 2013.
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On 9 May 2013, five social entrepreneurs were named Africa Social Entrepreneurs of the Year at the World Economic Forum on Africa, taking place in Cape Town, South Africa. The awards were conferred by Hilde Schwab, Chairperson and Co-Founder of the Schwab Foundation for Social Entrepreneurship, in the presence of President Jacob G. Zuma, Donald Kaberuka, Nkosazana Clarice Dlamini-Zuma, David A. Lipton, and Naveen Jindal.

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Palesa Makanda, Director of Entrepreneur Services at Endeavor, kicked off the Local Selection Panel (LSP) in Johannesburg on 25 April 2013 with a short presentation of the new Excelerator 2.0 programme.

Endeavor SA has replicated the success achieved globally with the Endeavor model but that it has additionally developed a unique Excelerator programme, which is aimed at black-owned businesses that have not yet reached the high-growth stage of the typical Endeavor Entrepreneur. The programme applies Endeavor’s global best practices to earlier-stage businesses that have the potential to become high-growth companies within a defined timeframe. We believe that developing high-impact entrepreneurs is the best way to promote an economy in South Africa that is sustainable and creates jobs.

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Tuesday, 30 April 2013 15:36

SA’s entrepreneurial spirit languishing

A recent article on iol.co.za suggests that the entrepreneurial spirit fostered by the 2010 soccer World Cup has waned.

According to a recent study by the UCT Graduate School of Business, total early-stage entrepreneurial activity (TEA) dropped to 7.3 percent last year from a high of 9.1 percent in 2011. This represents an almost 20 percent drop for the year.

The survey was conducted in 69 countries including 10 in sub-Saharan African. The primary measure of entrepreneurship, the TEA, indicated the prevalence of business start-ups and new companies among the 18 to 64-year-old age group. The study used 38 national experts to find solutions to the innovation deprivation, including Catherine Townshend, the Endeavor South Africa managing director.

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Gyft Inc, the newly launched gift card platform that alows users to store, buy, send and redeem gift cards from a smartphone or mobile device, has just partnered with reality TV star Giuliana Rancic. The popular entertainment journalist, fashion and beauty expert will be working with the Gyft team to introduce the gift card management platform to millions of new consumers.

The mobile gifting service was founded by Yola founder and Endeavor SA entrepreneur Vinny Lingham last year and is funded by the likes of Google Ventures, 500 Startups and Founder Collective.

“I have received so many gift cards throughout the years and Gyft makes it so easy for me to organize them so that no gift card goes unused" said Ms Rancic. "I also love that I can purchase and send gift cards to my friends at a moment's notice for any occasion. It is the best app for anyone on the go.”

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South Africa’s multi-million-rand tourism industry is a major source of employment. And much of its success depends on networked systems and technology that help users manage resources effectively and operate competitively.

Endeavor entrepreneur Integr8, part of the largest publicly traded ICT company on the African continent, has remained a close ally of those who are tasked with maintaining the highest levels of service and operation in this sector. It is therefore unsurprising that the company has been selected as the preferred technology services provider to several established operators in this ultra-competitive industry, including Newmark Hotels, part of the Ambassador Group of Hotels.

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