Author: The Bulrushes

Hlayisani Capital, a South Africa-based private equity and venture capital fund manager, has implemented PE Front Office to manage its alternative investment portfolio. PE Front Office is an end-to-end integrated solution for Alternative Investment Management. The software supports capabilities including Deal Flow Management, Investment Management, Portfolio Monitoring, Investor Relations Management, and Fund Administration augmented by CRM, Document Management, Reports & Analytics, Outlook/Gmail Plugins, and Mobile App. “Hlayisani Capital is continuously looking for efficient ways to enhance our processes,” said Rochelle Moodley, Head of Operations at Hlayisani Capital. Hlayisani Capital is now using the PE Front Office platform to streamline its…

Swedish Ambassador to SA Håkan Juholt will this weekend officially open the tech-non-profit organisation Empire Partner Foundation’s first-ever global coding festival, which is seeking scalable healthcare solutions. This follows a recent partnership between Empire Partner Foundation and Sweden-based Hack for Earth Foundation recently entered a partnership to host the global hackathon. The Illovo-based tech non-profit organisation announced the collaboration with the Hack for Earth Foundation to find scalable health solutions. As many as 401 participants, 42 corporates, and 17 mentors from more than 20 countries will be part of the two-day hackathon on Saturday and Sunday (27 – 28 August 2022).…

Dr. Mvuyisi Mzukwa, the chairperson of the South African Medical Association (SAMA), is recovering in hospital after surviving a knife attack in Durban at the weekend. The SAMA chairperson was attacked while driving home from King Shaka International Airport. Bleeding from stab wounds the brave doctor managed to drive himself to a hospital, where he remains under treatment. “I was very heartened to find him on his recovery bed and commended him for his heroic action of driving himself while bleeding and in pain to the nearest hospital to save his life because had he waited a bit longer, his condition could…

A car fitment firm has introduced a new way for its customers to renew their vehicle licences while avoiding long queues and touts at licencing centres by simply using a WhatsApp number while visiting any of its stores. Fitment centre group Supa Quick on Wednesday said it has partnered with Disky – an online platform – to make it “convenient and quick for motorists to renew their vehicle licenses using WhatsApp at any of the 190 Supa Quick stores across South Africa”. Adeshni Sewbaran, franchise director at Supa Quick said: “We are all pressed for time, and no one likes…

The African National Congress (ANC) has failed to meet its obligations in terms of making regular retirement fund contributions to the  Provident Fund, racking up arrears of R86 million, the Financial Sector Conduct Authority (FSCA) revealed Wednesday. Responding to queries on the matter, the FSCA said it was prudent and in the public interest to provide an update to the public. The FSCA said it was also acting in accordance with the Financial Sector Regulation Act, 2017, which requires it to inform the public of regulatory action or intervention it has taken in relation to regulated entities. “The ANC, which is a participating employer in…

Four serving prisoners have allegedly been caught scamming male users of a clandestine escort website from whom they extorted more than a million rand using threats of arrest for rape. Authorities alleged the enterprising inmates aged between the ages of 26 and 32 used cellphones to create fake profiles of policemen – complete with photos – and used the information they somehow got from an online escort agency to extort cash from users. Investigations revealed that fake police officers were extorting money from male victims who had sought the services of a clandestine online escort agency. The victims were contacted…

South African students applying to a higher education institution where the International English Language Testing System (IELTS) is an admissions requirement can now enter the British Council’s annual IELTS Prize competition to potentially win £3 000 or R59261.00 towards their university tuition fees. The IELTS Prize is a global initiative created to help ambitious young people turn their academic dreams into reality by providing them with financial assistance and the opportunity to pursue their undergraduate or postgraduate course of choice in English-speaking universities around the world. This year’s competition is open to eligible IELTS test takers from nine countries around…

Cape Town-based non-profit group, Younglings, has teamed up with Empire Partner Foundation (EPF) to unearth a new group of young enterprising South African software developers. Founded by Alwyn Van Wyk, Younglings became the newest member of the EPFs growing ecosystem, joining a prestigious list that includes, SAtion, and Microsoft. The EPF has since 2016 been supporting young tech entrepreneurs seeking digital solutions to solve societal challenges and propel them to growth, while the Younglings provides internships and opportunities for youngsters to become software developers. The EPF and Younglings partnered to host EPF’s 21st hackathon, which brought 300 young digital innovators…

27four Investment Managers, a South Africa-based asset management and advisory firm, has implemented PE Front Office to enhance its Private Markets operations. PE Front Office, the end-to-end integrated solution for Alternative Investment Management, announced the engagement. 27four can now use the PE Front Office Platform to enhance its Private Markets operations. The software supports fund of funds operations in particular, which has been a key focus of 27four’s Private Markets team to date. It has numerous capabilities including; Deal Flow Management, Investment Management, Portfolio Monitoring, Investor Relations Management, and Fund Administration augmented by CRM, Document Management, Reports & Analytics, Outlook/Gmail Plugins…

Business Leadership South Africa (BLSA) says it is ready to assist the National Prosecuting Authority (NPA) with technical skills to tackle state capture. Last week BLSA signed a memorandum of understanding with the NPA to support the prosecution authority with the technical skills it needs to mount effective prosecutions. “I applaud the NPA’s willingness to take bold and innovative measures to ensure it has the resources it needs to deliver convictions,” said BLSA CEO Busi Mavuso in her weekly newsletter published Monday. “The NPA is ramping up its efforts to respond to the Zondo Commission and will need specialised skills to…