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Startup News Roundup – Section 12J Cancelled, Hlayisani Growth Fund Closes First Round (1 – 5 March)

Government Cancels Section 12J Investments The Treasury has announced that it will be putting an end to Section 12J of the Income Tax Act. The intention of Section 12J was to boost the South African economy by encouraging investment into a range of private companies...

Startup News Roundup – PayFast Now Offers Financing, Slow Fund for Side Hustlers (15 – 19 February)

PayFast Launches New Merchant Funding Feature Online payment gateway, PayFast has launched a new merchant-financing service in partnership with local fintech lender, Retail Capital, called Easy Advance. The service is designed to help merchants leverage short-term...

Startup News Roundup – New Private Equity Fund Launches, Cape Town and Stockholm Tech Hubs Collab (8 – 12 February)

Khumovest Launches New Private Equity Fund for SMEs Financial services Firm, Khumovest, a 100% black owned and managed financial services firm and a Level I contributor to Broad Based Black Economic Empowerment. has announced the launch of the Khumovest Private Equity...

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