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Editor’s update

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Dear reader

Nebula made headlines this week with the release of its report, Wastage in South Africa’s Telecoms Sector, which shows that South African businesses are wasting up to 20% of their telecommunications spend every year. This adds up to R20-billion – and means that for every R5 spent, R1 is being lost. Nebula estimates that the telecommunications market in South Africa is worth around R200-billion – or equivalent to the government’s spend on education. Half of this is business spend – and one-fifth of this is wasted. There are a number of reasons for this, but key is that because of the complexities involved, many businesses are unwilling to take a closer look at inefficiencies and wastage in their own telecoms systems.

Also in this news this week was the launch of Standard Bank’s two accelerator programmes – SW7 Tech Accelerator and Ignitor Bootcamp – aimed at furthering its commitment to developing entrepreneurs and ensuring the sustainability of their businesses. The incubators will equip SMEs with practical tools, knowledge, advice and skills that are essential for their growth. Meanwhile,  a new survey by Ventureburn has indicated that South Africa’s start-up industry isn’t for the faint-hearted. Employees and founders of start-ups are often paid below-market salaries; get close to zero benefits; and are subject to high-pressure environments. Moreover, just 17% of start-ups are profitable, with only 3% making it to the sought-after venture capital investment stages.

And finally, Cell C is partnering with Facebook to bring zero-rated access to the service for all Cell C customers, as well as offering access to Facebook’s free basic services on Internet.org. From 1 July, Facebook usage will be free to all existing and new post-paid, top-up and prepaid customers and will continue until 31 August 2015.

Until next week,

The IT-Online team