Sunday Independent 2021-08-01

The Sunday Independent is a weekly English-language newspaper. The Sunday Independent focuses on daily national, local and international national news and analysis. Its leader and opinion page offers a platform for readers to submit their views on topical news.

South Africa
Independent Media Pty Ltd
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3 Min
how yoco raised largest investment during a pandemic

Wesley Diphoko wesley.diphoko@inl.co.za IN THE midst of the gloomy South African business environment, Yoco, a local fintech company, has given global investors a reason to invest R1.2 billion. This is the largest single investment raised by a small business-focused payments platform in the Middle East and Africa and the largest ever raised by a payments company in South Africa. Among the company’s new investors are Dragoneer Investment Group, which is making its Africa investment debut, after having previously backed fintech giants like Chime, Nubank, Mercado Libre, Square, and Klarna. Also joining the round were Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures, TO Ventures, and several current and former executives from global tech leaders such as Coinbase, Revolut, Spotify, and Gojek. The funding round also included existing Yoco…

3 Min
real numbers

Gogo Qwelane was a true soldier Pali Lehohla AT the age of 92 she earned herself the title of the only known teacher that was still actively engaged in teaching in South Africa if not in the world. On the 25th December 2020, Notsikelelo Qwelane turned a hundred years. When I called her in September last year, she told me that she was hiding from the media. She stopped teaching in March 2020 with the outbreak of Covid-19, but she also with a loud laugh assured me that Covid feared her. She gave eight decades of her life building the South African human resources. She was the matriarch of Metro High School in White River, Nelspruit, Mpumalanga. On Sunday evening, 25 July, Albert a great admirer of…

2 Min
mboweni unleashes relief package, but warns sa’s finances

Siphelele Dludla siphelele.dludla@inl.co.za FINANCE Minister Tito Mboweni this week warned that though the government will be funding the massive economic relief package, the country’s finances remained at substantial risk. Mboweni presented the relief package to support unemployed people and businesses affected by the recent unrest in KwaZulu-Natal and Gauteng that is expected to amount to R38.9 billion of on-budget items, including revenue measures of R5bn and spending measures of R33.9bn. The recovery package will be funded through several instruments, including reprioritisation of the national budget and a revenue overrun, without an increase in debt. The recent civil unrest left destruction costing the economy nearly R50bn and put at least 150 000 jobs at risk following the looting and vandalism of shopping malls and distribution centres. The National Treasury still…

3 Min
biz 101

Why purpose-driven entrepreneurship is a movement worth following Ben Bierman “Purpose-driven entrepreneurship,” is a term that refers to the starting of businesses that provide inventive solutions to prominent human challenges in a way that encompasses an ethical or altruistic mandate. According to South Africa’s 2020 Global Entrepreneurship Monitor (GEM) Report, compiled by the University of Stellenbosch Business School, purpose-driven entrepreneurship is on the rise, taking hold at a grassroots level. The authors of the GEM Report noted that this is an encouraging sign of a collective will for future business sustainability. COVID-19 has activated a global sense of consciousness around the fact that it is not solely the role of the public sector to make the world a more sustainable place. The global challenges posed by the pandemic have served…

4 Min
get colourful and glow with skinimalism cheer

sacha van Niekerk sacha.vanniekerk@inl.co.za POP culture and a pandemic have played a significant role in how bold eyes, glossy lips and natural products are replacing the copy-and-paste make-up trend that dominated the scene in the recent past. The 2015 era of beauty gave rise to normalising a full face of glam consisting of luscious matte lips, cheeks glazed with highlighter and eyebrows that were perfectly on fleek. The last five years or so consisted of seeing the same looks duplicated from face to face over and over again. From the contoured noses right down to the overlined lips, it was almost as though everyone was following the exact same beauty routine. Since then, make-up has boomed into a billion-dollar industry that’s less about structure and routine and more about being…

4 Min
lil nas x stands up for himself in a society that hates queer people

Jamal Grootboom jamald.grootboom@inl.co.za Rapper Lil Nas X recently dropped the video for his new single, Industry Baby. And it’s a marvel. Industry Baby is produced by Kanye West and Take a Daytrip. It’s a high octane song with horns blasting and thumping bassline and it’s set to be another hit record for the young musician. However, it’s the music video that has made the song and Lil Nas X one of the most topical stories this week. It’s loosely inspired by and is reminiscent of The Shawshank Redemption. Lil Nas X hatches a plan to escape from prison, even though it appears that he’s having fun while incarcerated. It’s loudly sexual – there are scenes where he is fondling his dancers (inmates) and a nude dance scene in the…