Author Archives: GIBS Blog

NASA awards $50 Million in funding to small businesses (SBT)

The awards are being managed by NASA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program. The program provides early-stage funding to start-ups, as well as access to a network of diverse entrepreneurs and innovators. It also gives small businesses the chance to work with NASA programs and other government agencies. The scheme […]
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South Africa’s Payfast launches new initiative to upskill aspiring business owners.(ITNA)

A New 12-Week Development Programme Three cohorts of 10 entrepreneurs each, will take part in Khayelitsha, Cape Town, and Elardus Park, Pretoria, as well as via virtual classes. By the time participants graduate in August, each team will have created their own ‘Recipe Book’ on the subject of online shops.This will be developed during weekly […]
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New Gibs article: Investigating commitment as a unidimensional or a multidimensional construct in a retail banking setting By Mornay Roberts-Lombard & Daniël Johannes Petzer

The paper investigates the dimensional nature of commitment (affective and calculative) within a retail banking setting. The study tests two models that include antecedents and an outcome of commitment as a unidimensional and a multidimensional construct. The target population for the study included adult customers of retail banks residing in an emerging market. The study highlights […]
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New Gibs case study: When foreign direct investment is threatened: Rio Tinto and Richards Bay Minerals By Amy Fisher Moore and Marianne Matthee

On 29 June 2021, global mining company Rio Tinto (Rio) announced force majeure [1], which temporarily terminated customer contracts associated with their sole South African business, Richards Bay Minerals (RBM) based in the province KwaZulu Natal [2]. RBM was a joint venture between Rio Tinto and Blue Horizon [3], a consortium of investors, also including […]
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New Gibs research article: Designing for loyalty programme effectiveness in the financial services industry by Sonja Fourie, Michael Goldman and Michael McCall.

This study extends and tests a model determining how customer perceived benefits affect perceived relationship investment and brand relationship quality as mediators to behavioural and attitudinal loyalty with type and timing of rewards as moderators. A quantitative methodology and survey approach was applied using randomly selected stratified sampling resulting in 277 financial services loyalty programme […]
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Energy business trends start blowing in Africa’s favor (CGTN)

For the moment, Africa stands poised for stronger economic growth, despite the headwinds. The European Union (EU) member states and United Kingdom (UK) have urgency to find energy resources from other countries, while they transition away from Russian energy imports after Russian President Vladimir Putin had launched the ‘Special Military Operation’ in Ukraine starting on […]
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Recognizing and responding to microaggressions at work (HBR)

Building inclusive workplaces requires candid, authentic conversations on tough subjects, like sexism, homophobia, and racism — and it’s natural to worry that we may commit microaggressions in these kinds of conversations by saying the wrong thing. The more awareness we have about how microaggressions show up, the more we can work toward decreasing them in […]
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Some good news for businesses in South Africa (BT)

New data from Statistics South Africa (Stats SA) shows that the total number of liquidations in April decreased by 12.7% compared to a year ago. Voluntary liquidations decreased by 29 cases, while compulsory liquidations increased by nine cases, it said. Liquidation refers to the winding-up of the affairs of a company or close corporation when […]
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Google opens applications for R64m fund targeting Africa. (ITWeb)

Digital Economy Google has committed $4 million (R64 million) to fund 60 eligible black-founded start-ups across Africa. The internet firm yesterday opened applications for the second cohort of the Google for Start-ups Black Founders Fund for Africa. The fund was launched in the wake of the 2020 Black Lives Matter movement as part of Google’s racial equality […]
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The battle of African female startups: For every $1 invested in women, $25 goes to men (News24)

Africa’s female entrepreneurs, like their US and European counterparts, are underrepresented when it comes to raising funds. Their startup journeys are also often a lot more arduous, say investors like Polo Leteka, co-founder of Alitheia IDF, the continent’s largest gender-led fund. The issues are “probably more pronounced here because we have more underlying problems”, said Leteka, pointing to her own experience with tapping […]
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