Category: South Africa

Mapped: Economic Freedom Around the World


This post is by Anshool Deshmukh from Visual Capitalist


Map of Global Economic Freedom

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Mapped: Economic Freedom Around the World

How would you define a country’s economic freedom?

The cornerstones of economic freedom by most measures are personal choice, voluntary exchange, independence to compete in markets, and security of the person and privately-owned property. Simply put, it is about the quality of political and economic institutions in countries.

Based on the Index of Economic Freedom by the Heritage Organization, we mapped the economic freedom of 178 countries worldwide.

Measures of Economic Freedom

The index uses five broad areas to score economic freedom for each country:

  1. Size of Government: Greater government spending, taxation, and bigger government agencies tend to reduce individual choice and economic freedom.
  2. Legal System and Property Rights: The ability to accumulate private property and wealth is a central motivating force for workers and investors in a market economy, and well-functioning legal frameworks protect the rights of all citizens.
  3. Sound Money: Does earned money maintain its value, or is it lost to inflation? When inflation is high and volatile, individuals can’t plan for the future and use economic freedom (Read more...)

Explained: The 3 Major COVID-19 Variants


This post is by Carmen Ang from Visual Capitalist


3 Major COVID variants

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Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
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Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
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Explained: The 3 Major COVID-19 Variants

As billions of people gear up for widespread vaccination against COVID-19, another issue has reared its head. Three major COVID-19 variants have emerged across the globe—and preliminary research suggests these variants may be cause for concern.

But what makes them different from the original strain?

The following visualizations answer some key questions, including when these variants were first discovered, how far they’ve spread worldwide, and most importantly, their potential impact on the population.

Some Context: What is a Variant?

Before diving in, it’s important to understand why viruses mutate in the first place.

To infect someone, a virus takes over a host cell and uses it to replicate itself. But nature isn’t perfect, and sometimes, mistakes are made during the replication process—those mistakes are called mutations.

A virus with one or more mutations is referred to as a variant. Most of the time, variants do not affect a virus’s physical structure, and in those instances, they eventually disappear. However, there are certain cases when a mutation impacts part of (Read more...)

South African VC firm Knife Capital gets first commitment for its $50M fund, to invest in 10-12 Series B rounds



Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series B financing. With Knife Fund III called the African Series B Expansion Fund, the firm seeks to directly invest in the aggressive expansion of South African breakout companies. It also plans to co-invest in companies across the rest of Africa.

The first fund, known as Knife Capital Fund I or HBD Venture Capital, was a closed private equity fund managed by Eben van Heerden and Keet van Zyl. The firm offered seed capital to startups. It also generated significant exits from its portfolio — VISA acquisition of fintech startup Fundamo, and orderTalk’s acquisition by UberEats come to mind.

In 2016, the VC firm launched its current 12J offering with Knife Capital Fund II. The fund (KNF Ventures) which invests primarily in Series A stage has eight startups in its portfolio. Last year the firm told TechCrunch of its intention to extend the Fund II and open to new investors. The plan was to give startups access to networks, money and expansion opportunities.

“We want to help South African and African companies internationalize,” said co-managing partner Andrea Bohmert at the time. A testament to its cause, one of its portfolio companies, DataProphet, raised $6 million Series A to expand into the U.S. and Europe.

Bohmert tells TechCrunch that the third fund aims to address the critical Series B funding gap that has characterised the (Read more...)