Enygma Ventures has announced that it has made a R 4.2m ($250k) investment into Job Crystal, South Africa’s Premier Recruitment Company.
“Never has there been a more critical time to get South African’s back into work.” says Sarah Dusek Managing Partner and Co-Founder of Enygma Ventures.
“We see the recruitment industry as vital in South Africa’s economic recovery enabling employers to navigate finding the right talent, quickly and efficiently, getting more people back to work sooner.”
This investment into Job Crystal will enable this female-led company to develop incredible technology to speed up the process of recruitment making it easier for employers to hire the right talent faster than ever, making a dent in unemployment rates at the same time.
“We’re thrilled to receive this investment from Enygma Ventures which will help us to improve our tech development and expand our footprint across the country and region,” says Job Crystal Managing Director and Co-Founder Sasha Knott.
Job Crystal Co-Founder and Operations Director Kelly Louw says, “When we look at how high the general unemployment rate in South Africa is, which increased to 30.1%¹ during the first quarter of 2020, with 63.3%² of the 7.1 million unemployed people consisting of our youth, we have our work cut out; especially now the global Covid-19 pandemic has only exacerbated these numbers.”
Startup Circles CEO Sandras Phiri says, “Job Crystal has strongly positioned itself within the recruitment market focusing on small and medium sized businesses with a passion for solving Africa’s unemployment crisis using technology and smart problem-solving skills. This is what we at Shift Fund are looking for – businesses that combine smart, innovative strategies and technologies in scalable models.”
Applications are currently open to the Shift Fund. All entrepreneurs and innovators in Africa who have existing businesses and ideas that are still in ideation stage and have the capability to solve Africa’s challenges in a post-pandemic world are welcome to apply here before applications close on Monday 31 August.
