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Cybatar
Cybatar is a technology company of the full cycle specialized in cloud-based technology platforms and software. The company was founded by Phiwa Nkambule in October 2014 initially as a social networking company but pivoted into a SaaS platform for on-demand services in 2015. Cybatar has been involved in the development of other technology startups including financial technology company Riovic. In 2015 the company announced Africa's first fuel delivery network which was received as evidence that South African entrepreneurs had embraced the idea of the On Demand Economy, and as an improvement to the Petroleum Industry value chain. In the wake of the FeesMustFall protests in South Africa, the company launched a university scholarship crowdfunding platform and campaign to save students across the country who were in tuition debt and were facing financial exclusions in 2016. The software company also received international recognition for being lean and its technological con ...
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Phiwa Nkambule
Phiwa Nkambule (born 24 January 1992) is a technology entrepreneur, technology businessperson and internet activist best known for co-founding Riovic and leading it as its CEO. He previously founded Cybatar and sat on the board of the Royal Science and Technology Park. Early life Phiwa Nkambule was born in Manzini where he also spent his childhood. In 2006, as a 14-year-old, he began fixing and building computers with his uncle in a small township in Eswatini. Nkambule moved to South Africa in 2007 for academic purposes. Phiwa was a law student at the University of Pretoria before quitting to start his first technology company Cybatar from his garage in 2014. It was at the university where he taught himself web and app development. Entrepreneurship Before leaving the University of Pretoria Phiwa attempted to work with the Swaziland National Library and the Manzini Regional Education Office in 2013 but was rejected. After dropping out of university in 2014 Nkambule founded ...
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Riovic
Riovic Capital Group, or simply Riovic, is a financial technology company and private equity holding company that provides a platform that lets private companies discover private equity funds, raise capital, manage their capitalization tables and manage shareholder and investor relations. The company entered the market as an insurance technology platform that connected private investors with insurance seekers, allowing the investors to backstop claims in exchange for premiums, but expanded to other areas in financial technology. In September 2015 the company officially launched a money transfer service called RiovicPay to help people access cross-border money remittance services on holidays and after hours. The service was rebranded to AfricanRemit. It then released its on-demand platform for financial services, labeled the ''Uber of Finance,'' in November 2015. The platform provided financial advisers, crowd investing and Peer-to-peer insurance. In 2016 the company was ...
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Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade. The city was established in 1886 following the discovery of gold on what had been a farm. Due to the extremely large gold de ...
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FeesMustFall
#FeesMustFall was a student-led protest movement that began in mid-October 2015 in South Africa. The goals of the movement were to stop increases in student fees as well as to increase government funding of universities. Protests started at the University of Witwatersrand and spread to the University of Cape Town and Rhodes University before rapidly spreading to other universities across the country. Although initially enjoying significant public support the protest movement started to lose public sympathy when the protests started turning violent. The 2015 protest ended when it was announced by the South African government that there would be no tuition fee increases for 2016. The protest in 2016 began when the South African Minister of Higher Education announced that there would be fee increases capped at 8% for 2017; however, each institution was given the freedom to decide by how much their tuition would increase. By October 2016, the Department of Education estimated that t ...
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Companies Based In Johannesburg
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Sharing Economy
In capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of companies hiring employees to produce products to sell to consumers. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organisations. These systems take a variety of forms, often leveraging information technology (particularly digital platforms) to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services.Sutherland, W and Jarrahi, M.H. "The sharing economy and digital platforms: A review and research agenda." ''International Journal of Information Management'' 43 (2018): 328–341. There are two main types of sharing economy initiatives: * Non-profit, usually based on the concept of book-lendin ...
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Software Companies Of South Africa
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists of machine language instructions supported by an individual processor—typically a central processing unit (CPU) or a graphics processing unit (GPU). Machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a particular storage location in the computer—an effect that is not directly observable to the user. An instruction may also invoke one of many input or output operations, for example displaying some text on a computer screen; causing state changes which should be visible to the user. The processor executes the instructions in the order they are provided, unless it is instructed to ...
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Cloud Computing Providers
In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid drop (liquid), droplets, ice crystals, frozen crystals, or other particulates, particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may compose the droplets and crystals. On Earth, clouds are formed as a result of saturation of the air when it is cooled to its dew point, or when it gains sufficient moisture (usually in the form of water vapor) from an adjacent source to raise the dew point to the ambient temperature. They are seen in the Earth's homosphere, which includes the troposphere, stratosphere, and mesosphere. Nephology is the science of clouds, which is undertaken in the cloud physics branch of meteorology. There are two methods of naming clouds in their respective layers of the homosphere, Latin and common name. Genus types in the troposphere, the atmospheric layer closest to Earth's surface, have Latin names because of the ...
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Cloud Computing
Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a "pay as you go" model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users. Value proposition Advocates of public and hybrid clouds claim that cloud computing allows companies to avoid or minimize up-front IT infrastructure costs. Proponents also claim that cloud computing allows enterprises to get their applications up and running faster, with improved manageability and less maintenance, and that it enables IT teams to more rapidly adjust resources to meet fluctuating and unpredictable demand, providing burst computing capability: high computing p ...
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Information Technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (IT system) is generally an information system, a communications system, or, more specifically speaking, a computer system — including all hardware, software, and peripheral equipment — operated by a limited group of IT users. Although humans have been storing, retrieving, manipulating, and communicating information since the earliest writing systems were developed, the term ''information technology'' in its modern sense first appeared in a 1958 article published in the ''Harvard Business Review''; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established name. We shall call it information technology (IT)." Their definition consists of three categories: techniques for pro ...
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Lean Startup
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning. Lean startup emphasizes customer feedback over intuition and flexibility over planning. This methodology enables recovery from failures more often than traditional ways of product development. Central to the lean startup methodology is the assumption that when startup companies invest their time into iteratively building products or services to meet the needs of early customers, the company can reduce market risks and sidestep the need for large amounts of initial project funding and expensive product launches and financial failures. While the events leading up to the launch can make or break a new business, it is important to start with the end in mind. This means t ...
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Software Industry
The software industry includes businesses for development, maintenance Maintenance may refer to: Biological science * Maintenance of an organism * Maintenance respiration Non-technical maintenance * Alimony, also called ''maintenance'' in British English * Champerty and maintenance, two related legal doct ... and software publisher, publication of software that are using different business models, mainly either "license/maintenance based" (on-premises) or "Cloud computing, Cloud based" (such as SaaS, PaaS, IaaS, Mobile backend as a service, MBaaS, MSaaS, DCaaS etc.). The industry also includes software services, such as training, software documentation, documentation, consulting and data recovery. The software and computer services industry spends more than 11% of its net sales for Research & Development which is in comparison with other industries the second highest share after pharmaceuticals & biotechnology. History The first company founded to provide software pr ...
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