Entrepreneurship is not an occupation. It’s a way of thinking. A mind-set that spurs change and fuels opportunity.
aims to unearth the global talent and solutions that will define reinsurance going forward. It starts in March 2016. It is open to anyone who believes they have the talent to create disruptive innovation for the sector. It specifically addresses young professionals, new graduates and students.
The brainchild of international reinsurer Hannover Re, the competition will take place across four destinations worldwide i.e. Johannesburg, Boston, Dublin and Berlin. These cities are seen as hubs for raw talent and innovative thinking in the sector.
Young professionals will be selected to participate in the competition from around the world. They will work in teams of three people and be based at one of the above cities. During a six-month period, starting in July 2016, their goal will be to develop cutting edge innovation for the reinsurance space. The winning team will receive 50,000 € in prize money and the runner-up team will receive 20,000 €.
Participants will also receive attractive benefits for the six-months in which the project runs and a dedicated working space in the allocated city. Candidates selected will spend a week in Hannover (Germany) from 4 – 8 July 2016, as an introduction to the competition and the sector.
Achim Klennert, CEO of Hannover Re, says: “As far as we know, this is the first initiative to create a hub for re-insurance innovation on a global scale. It is an impressive opportunity to shape an entire industry. Disruptive innovation is fast changing how a very traditional sector has worked.”
Outlining some disruptive trends defining the sector, Klennert states: “We are seeing many new, emerging risk types for which products need to be developed. This, for example, includes risk exposure from cyber, including cybercrime and cyber catastrophe; rapidly spreading viral pandemics, but also the ever growing impact of natural catastrophes in regions where traditional reinsurance capacity is limited or other regions where exposures are not insured or underinsured.
But the most far-reaching changes have come from new enabling data-gathering mechanisms, stronger analytics capabilities and other technological breakthroughs. The recent World Insurance Report 2015, published by global consulting firm Capgemini states:
“78% of interviewed executives cited big data analytics as the disruptive force that will have the biggest impact on the insurance industry. The industry faces a flood of market disruptors that have the potential to challenge and undermine businesses unless insurers are prepared for them.”
This is in addition to challenges the industry is already working on such as effective ways to merge traditional and digital channels to offer clients a seamless, all channel integrated product. It is the same challenge that the rest of the financial services industry must meet.
A sector on the cusp of such big change heralds exciting prospects. International exposure plus global collaboration makes this an unmissable opportunity. The ideal candidate for the competition must have a strong understanding of business and finance; must be the kind of person that thinks outside-the-box and, of course, must be interested in reshaping the re/insurance industry. Anyone interested in the competition can find out more at the Journey Re introductory event, being held in Jo’burg on 31 March 2016 or online at www.journey-re.com.
Related: New Ways SMEs Can Find Funding
President Ramaphosa To Address SA’s Biggest Board Meeting, The Directors Event
President Cyril Ramaphosa will be delivering a keynote address at The Directors event on 8 June 2018, at the Sandton Convention Centre.
President Cyril Ramaphosa will be delivering the keynote address at South Africa’s biggest board meeting, The Directors Event, which will take place at the Sandton Convention Centre on 8 June 2018. Dr Jabu Mabuza, Chairman of Business Leadership South Africa will deliver this year’s Chairman’s Report.
Now in its fourth year, The Directors Event invites industry leaders to unpack three issues of national importance and discuss solutions in a public forum, moderated by highly-respected media personalities.
Youth employment & entrepreneurship, the use of technology to promote inclusive growth, and our political economy will be hot topics in this year’s highly focussed discussion programme which attracts participation from the country’s most prominent business and government leaders, and an audience of 300 ‘board member’ delegates.
“We are honoured to have President Ramaphosa address this important gathering of some of the top minds in South Africa. We invited him as a response to the call he made during his maiden State of the Nation Address earlier this year, calling on all South Africans, in their small corners, to help develop this country. We believe, strongly, that corporate South Africa has a massive role to play and we are very excited that everyone seems to have accepted the President Ramaphosa’s “Thuma Mina” call,” says Bongani Siqoko, editor of the Sunday Times.
Nontokozo Madonsela, Chief Marketing Officer of MMI, the JSE listed holding company for Momentum, Metropolitan and other financial services providers says, “We are incredibly honoured and excited that President Cyril Ramaphosa will be delivering the keynote address at this year’s Biggest Board Meeting. Over the past few months, we have experienced a wave of change in the country that has brought with it much needed confidence in what we can achieve. As a company with deep roots in South Africa serving a broad spectrum of citizens and businesses, we are heeding the President’s call to lend a hand in addressing our challenges. We are saying #CountUsIn, we want to be there. We believe this platform creates a space where we can have constructive dialogue and come up with concrete solutions that can positively contribute to improving the state our country”.
President Ramaphosa will be the highest ranking government official to address The Directors Event with his keynote message. Previous keynote speakers at The Directors Event have included Caroline Galvan (Lead Economist & Editor: Africa Competitiveness Report for the World Economic Forum), and Mcebisi Jonas (Former Deputy Minister of Finance).
Mmamoloko Kubayi-Ngubane, Minister of Science & Technology, and Enoch Godongwana, Chairperson of the ANC sub-committee on Economic Transformation will also be representing the perspectives of Government and the governing party during the round-table discussions at this year’s event.
The Directors Event programme is tailored for corporates, SMEs, educators, and non-profit organisations who are serious about turning South Africa’s socio-economic crisis around.
The Directors Event will take place at the Sandton Convention Centre on 8 June 2018. To view the 2018 agenda, speaker profiles, or to book tickets: www.thedirectorsevent.co.za
The Start-up Hatchery And Greater Tygerberg Partnership Launch Innovative Pitch Competition For Bellville Solutions
Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018.
The Greater Tygerberg Partnership (GTP) and start-up incubator The Startup Hatchery are launching a pitching competition to surface innovative ideas that, when implemented, could lead to the improvement of Bellville in Cape Town’s northern suburbs. The winning idea will receive a package of business incubation, mentorship, business development support, marketing and branding collateral, legal and intellectual property advice and other prizes, including R5 000 cash.
Launching on 14 May 2018, Innovate Bellville 2.0 is open to new businesses that have been operating for six months or less, who are developing new innovative ideas that could improve public transport, create jobs, create inclusive public spaces, address homelessness, improve health and wellbeing, manage waste, facilitate mobility, attract and retain investment and regenerate the Bellville urban centre.
Innovate Bellville 2.0 forms part of the GTP’s living lab approach to the regeneration of the Bellville CBD, says Warren Hewitt, CEO of the GTP: “We want Bellville to be a test-bed for new ideas that can help us to build a vibrant, prosperous, inclusive city region. Innovate Bellville 2.0 falls directly into that approach. We’re looking forward to seeing the ideas that emerge, and seeing the winning idea implemented in a part of our city that stands on the edge of an exciting future.”
“Innovation starts anywhere,” says Tania Cunningham, Chief Digital and Marketing Officer for The Startup Hatchery, “but we were very excited at the prospect of focusing on finding innovative ideas that could bring about real change to a defined geographical area. Innovate Bellville 2.0 will offer the winning business a solid start in life, with a chance to see their idea become a reality in Bellville.”
Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018. Twenty semi-finalists will be selected from the WhatsApp pitches, who will each receive training and a pitch deck. From that group, a group of eight finalists will then be selected and invited to pitch their ideas to judges during a pitch event on 7 June.
For more information, contact email@example.com
Silulo Business Incubation Is Changing The Future Of Entrepreneurs
Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs.
Launched in April 2018, the Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs to grow not only their businesses but also their confidence in the business space. The Incubation offers office space, boardrooms, training and conference rooms as well as eighteen shared office space for entrepreneurs in and around Cape Town.
Founder and Director, Mr Luvuyo Rani says: “We have always had a vision for this type of centre – a one-stop-shop where all entrepreneurial needs are catered for but our problem was always funding. With hard-work and dedication, we were able to make our vision a reality, which is exactly what we want to teach and instil for our entrepreneurs.”
The incubation will also offer networking sessions for aspiring entrepreneurs twice a month for two hours. This idea is to offer business insights as well as networking opportunities for entrepreneurs in and around Cape Town. Entrepreneurs will have the option to become members of the SBI Network where they are able to attend networking sessions of their choice. All networking sessions will cover different topics and training manuals will be offered after each session.
“The main challenge when it comes to this type of business is infrastructure and funding. Silulo is a pioneer and it can go anywhere, there are no boundaries in business. This is a flagship store. We want to replicate this in every province. Silulo’s success lies in partnerships and our business has a passion for empowering.”
Rani, a former teacher, together with his brother Lonwabo Rani started selling computers from the boot of a car more than ten years ago. Silulo Technologies now has 42 branches in three provinces: the Western Cape, Eastern Cape and Kwa-Zulu Natal and 22 franchise stores, some of which are owned by former Silulo employees.
Director and Co-founder, Lonwabo Rani says: “My brother always tells us to think about the bigger picture. It was that bigger picture that kept us going. Back in 2006, what you see today is exactly how it was when we envisioned it.”
In 2017 Silulo reached a total of 35 000 students trained since inception. It trained 65 students through MIC SETA in both the Eastern and Western Cape.
Rani and his two directors remodelled the business in 2017 by offering a walk in cellphone repair service (including the service of leading brands such as Apple, Samsung and Huawei) at one of the Silulo branches in Khayelitsha.
Rani, who was part of the Team South Africa to attend the World Economic Forum in Davos Switzerland in 2018, has received numerous accolades for his social impact business.
He was also awarded a Schwab Foundation Social Entrepreneur of the Year award in 2016 among his many accolades.
Start-up Industry Specific3 weeks ago
How Do I Start A Transport Or Logistics Business?
Snapshots9 years ago
Habari Media: Adrian Hewlett
Snapshots3 weeks ago
27 Of The Richest People In South Africa
Types of Businesses to Start3 weeks ago
11 Uniquely South African Business Ideas
Entrepreneur Profiles6 months ago
10 SA Entrepreneurs Who Built Their Businesses From Nothing
Types of Businesses to Start7 months ago
10 Business Ideas Ready To Launch!
Support for Women Entrepreneurs10 months ago
10 Successful SA Women Entrepreneurs’ Top Advice On Balancing Work And Family
Lessons Learnt3 weeks ago
6 Of The Most Profitable Small Businesses In South Africa