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FireID: Jenny Dugmore

Headlines screaming fraud have made 2009 a tough year for Internet banking, but they’ve also served to confirm that the market is ripe for FireID.

Juliet Pitman

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Jenny Dugmore

Developed by the Cape Town-basedcompany of the same name, FireID is a groundbreaking mobile authenticationsystem that allows users to log into almost anything that requires personalauthentication – without the need to remember passwords, receive one-time passwords(OTPs) via SMS, or carry any other form of authentication hardware like tokens.

“The system can also be used for onlineshopping or to log into an office VPN or extranet,” says company CEO JennyDugmore. The authentication process begins when a user tries to log in to anonline application. By downloading FireID on their mobile phone, they are ableto generate an instantaneous OTP, which they then type into the applicationlog-in screen. The FireID authentication server approves the OTP and sends a responseto the website, which allows the user to log in. “What makes FireID so secure is thefact that the OTPs are generated offline so there is no chance of SMS’dpasswords being intercepted,” Dugmore explains. A mathematical process meansthat the FireID server and the user’s FireID application on their phone areable to generate the same one-time-passwords in sequence. “Another uniquefeature is that FireID is compatible with almost any make of mobile phone andit can be used to generate OTPs for a range of different applications, all fromone phone,” Dugmore adds.

With so many unique features, it’sunsurprising that FireID initially attracted seed funding and is busyfinalising another round of capital investment. It’s also generated anoverwhelmingly positive response from both the local and international market.“Locally, some large financial institutions are currently in the pilot stagewith us and we are very bullish about the development potential of theserelationships. We’ve approved some significant resellers and are working withgovernment institutions that have shown huge interest in what the product cando for them,” says Dugmore. The company launched its US presence inApril this year and recently appointed Lawrence Levine as its president. He isan internationally renowned authority on information technology and security,particularly in the banking industry. “The Americans are primed forincreasingly sophisticated mobile security and authentication solutions, and weat FireID are excited to provide that,” said Dugmore. It’s been a great year for the companybut Dugmore is quick to point out that Internet security is an ever-movingtarget. “We’re constantly working on new innovations to make sure we stay onestep ahead of fraudsters,” she concludes.

Juliet Pitman is a features writer at Entrepreneur Magazine.

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27 Of The Richest People In South Africa

Here are 27 of South Africa’s richest people, but how did they achieve this level of wealth? Find out here.

Nicole Crampton

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Learn the secrets of SA’s most successful business people, here is the list of the 27 richest people in South Africa:

In a world with growing entrepreneurship success stories, victory is often measured in terms of money. The feat of achieving a place on this list is, however, years of hard work, determination and persistence. “One has to set high standards… I can never be happy with mediocre performance,” advises Patrice Motsepe.

From the individuals that made the 27 of the richest people in South Africa list, actual entrepreneurs and self-made business people dominate the list; while those who inherited their fortunes have gone on to do even bigger and better things with their wealth. Over the years, some have slipped off the list, while others continue to climb higher and higher each year.

  1. Elisabeth Bradley
  2. Sharon Wapnick
  3. Bridgette Radebe
  4. Irene Charnley
  5. Wendy Ackerman
  6. Paul Harris
  7. Wendy Appelbaum
  8. Mark Shuttleworth
  9. Desmond Sacco
  10. Giovanni Ravazzotti
  11. Markus Jooste
  12. Gus Attridge
  13. Gerrit Thomas Ferreira
  14. Cyril Ramaphosa
  15. Adrian Gore
  16. Raymond Ackerman
  17. Michiel Le Roux
  18. Lauritz Dippenaar
  19. Jannie Mouton
  20. Stephen Saad
  21. Patrice Motsepe
  22. Allan Gray
  23. Koos Bekker
  24. Ivan Glasenberg
  25. Christoffel Wiese
  26. Johann Rupert
  27. Nicky Oppenheimer
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Watch List: 50 Top SA Black Entrepreneurs To Watch

South Africa needs more entrepreneurs to build businesses that can make a positive impact on the economy. These up-and-coming black entrepreneurs are showing how it can be done.

Nicole Crampton

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Early-stage South African entrepreneurial activity is at an all-time high of 11%, according to Global Entrepreneurship Monitor, and entrepreneurial intentions have also increased to 11.7%. With both activity and intentions growing significantly year-on-year, there are more businesses opening up around South Africa than ever before.

The increase in entrepreneurship has seen the rise of more black entrepreneurs across numerous sectors. From beauty brands to legal services and even tech start-ups, these are 50 top black entrepreneurs to watch:

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Watch List: 50 Top SA Small Businesses To Watch

Keep your finger on the pulse of the start-up space by using our comprehensive list of SA small business to watch.

Nicole Crampton

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Entrepreneurship in South Africa is at an all-time high. According to Global Entrepreneurship Monitor (GEM), total early-stage entrepreneurial activity has increased by 4.1% to 11% in 2017/2018. This means numerous new, exciting and promising small businesses are launching and growing.

To ensure you know who the innovative trailblazers are in the start-up and small business space, here are 50 of South Africa’s top establishing companies to watch, in no particular order:

  1. Livestock Wealth
  2. The Lazy Makoti
  3. Aerobuddies
  4. Mimi Women
  5. i-Pay
  6. AfriTorch Digital
  7. Akili Labs
  8. Native Décor
  9. Aerobotics
  10. Quality Solutions
  11. EM Guidance
  12. Kahvé Road
  13. HSE Matters
  14. VA Virtual Assistant
  15. Famram Solutions and Famram Foundation
  16. BioTech Africa
  17. Brand LAIKI
  18. Plus Fab
  19. LifeQ
  20. Organico
  21. 10dot
  22. Lenoma Legal
  23. Nkukhu-Box
  24. Benji + Moon
  25. Beonics
  26. Brett Naicker Wines
  27. Khalala
  28. Legal Legends
  29. The Power Woman Project
  30. Aviro Health
  31. AnaStellar Brands
  32. Data Innovator
  33. Fo-Sho
  34. Oolala Collection Club
  35. Recomed
  36. VoiceMap
  37. ClockWork
  38. Empty Trips
  39. Vula Mobile
  40. SwiitchBeauty
  41. Pineapple
  42. The Katy Valentine Collection
  43. OfferZen
  44. KHULA
  45. Incitech
  46. Pimp my Book
  47. ART Technologies and ART Call Management
  48. Prosperiprop
  49. WAXIT
  50. The Sun Exchange
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