Big cat? One robotโs encounter with a real lion cost an AI company half a million dollars when it developed a bad case of zoophobia. Miaow. ๐ฆ
In This Open Letter
Furry Logic: Meet the SA startup helping you unlock pet perks at work.
Local: SAโs costly new digital ref & the countryโs only world-class engine.
Global: Elonโs trillion-dollar salary slip & how OpenAIโs blowing $115 billion.
SA Businesses:ย This is how SA founders work together to succeed โ you in?
Tech events:ย Young leaders, founder stories & disruptive tech and AI trends.
Share Your Startup Story, Job or Events!
Got news to share? Tell us and weโll give you a platform to build traction, gain momentum and make a real impact.
TRENDING NOW
Extending Company Perks to SA Pets
With employee benefits becoming a major differentiator in the war for top talent, this SA startupโs helping companies compete beyond salary and health on the furry family member front, tooโฆ
Only 1%โฏof SAโs 18 million dogs and cats have health insurance.
This, despite unexpected surgeries and medical expenses for pets reaching as much as R25โ000.
An eye-watering amount when you consider how pricey some purebred pooches can fetch:
A Belgian Malinois could set you back R15โ000
An American Bully can fetch as much as R120โ000
A pedigree lilac French bulldog can be in the region of R90โ000
A Husky in Cape Town is R6โ000
Even a Yorkie is over R5โ000 (thatโs a lot of money for so little dog)
So 99% of pet owners lack a financial safety net when emergencies strike, rolling the dice on their pets' well-being.

The big financial exposure
Faced with a massive medical bill, cash-strapped families have a pretty heavy choice: Fork over the cash or say goodbye to an otherwise healthy beloved furry family member.
So why hasnโt pet insurance gained local traction?
Global companies have recognised the benefit of expanding employee benefits to Family Care Benefits, which, for some families, extends to their pets.
Post-COVID, just under a quarter of US employers offer pet insurance as an employee benefit. Considering SAโs petโloving population (45%โฏof adults own pets), we could be primed for the same shift.
The startup leading the way
FurSure provides employer-friendly, household-level pet insurance as a staff benefit. Employers can choose to fully fund, co-fund or simply enable a voluntary, payroll-deducted model. But, crucially, every client gets a digital portal, enabling both employees and HR to monitor status, claims and policies with ease.
We caught up with Nathan Mengel, Co-Founder of FurSure, who, from a background in corporate benefits and pet-related ventures, saw two blind spots in the local landscape: The lack of pet insurance uptake and the administrative pain of benefits rollouts โ something that might make Jane in HR file the pitch deck in File 13.ย
To overcome this, Nathan and team pre-built polls and surveys that HR teams can use to test employee interest in pet insurance easily.
If thereโs uptake, a ready-to-go onboarding doc smooths the rollout, stripping away the admin friction that usually kills new benefits before they start. (A serious insight for anyone wanting to get into the employee benefits game.)
And while itโs still early days (theyโve only just officially launched), FurSure is already building out a supporting ecosystem to offer users more than just pet insurance. Think free grooming and discounted dog-hotel stays to partnerships with pet psychologists and doggy trainers.
Weโre watching this space.
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IN SHORT
While you were weekendingโฆ
๐ย Tesla Topdogโs Trillionaire Trajectory. Elon Musk might soon be crowned the worldโs first trillionaire as his new Tesla pay package could skyrocket. It comes with some pretty ambitious corporate goals, though, including a 25-fold increase in Teslaโs net profit and an eight-fold increase in its stock market value. Jinne.
๐ฅย Burn Baby Burn. OpenAI's spending spree is set to hit a staggering $115 billion (some 2 trillion in Rondts) by 2029 as the company goes full throttle into tech innovation and development. With numbers like $8 billion this year alone, theyโre even planning their own chips to tame those sky-high costs. Cue founders updating their pitch decks with a comparison slide.
โฝ๏ธ Look Again. SA is set to fork over R82M on bringing VAR technology to its football fields, hoping to boost match fairness and upgrade stadium systems. With pressing concerns over occasional questionable calls, this tech upgrade feels more like a digital referee intervention. Play on.
๐ย On Track To World Class. The Gautrain has been given an A rating by the South African Institution of Civil Engineering (SAICE), making it the only piece of infrastructure considered world-class in SA, streaks ahead of the D to E infrastructure rating itโs given the rest of SA. Come on, let's add in a couple more, hey?
โ The Stack. Founders need reliable tools and suppliers. Thatโs why our Founderโs Stack gives you full-funnel tech performance marketing by Stream, hardware, software, acceleration and funding for remarkable builds with Octoco and loads more vital startup tools & services.
LOVE IT?
BUILDING A BUSINESS IN SA
5 things we learnt in The Founder Collab
Automate To Scale. We ran a hands-on session on how to automate your sales funnel end-to-end โ from lead capture to scoring, nurture and clean handoffs.
Gauteng Goes Remote. We celebrated the Gauteng launch of Work From Reef with Benjamin โ a directory for remote workers to book places and unlock venue perks.
Study Faster With BagLearning V2. We cheered Brett's updates on Bag Learning, itโs fast becoming the all-in-one study toolkit for students to get exam-ready.
Building For VCs. We dug into VC models and mapped high-leverage โpicks and shovelsโ opportunities a bit.
Looking forward to learning how to use AI to create ads that actually convert, coming up at 12:00 this Fridayโฆ
Find your founder community. Join The Founder Collab, itโs where 100+ real SA founders help each other to build better, faster every day.
WHAT YOU SAID
Get growingโฆ
Last Friday, we speculated on how vibe codingโs enabling entirely different models for building startups, asking how youโd fund/grow your next venture. Mostโll bootstrapโฆ
๐ฉ๐ฉ๐ฉ๐ฉ๐ฉ๐ฉ ๐ธ Bootstrapping โ earn early and smartly (69%)
๐จโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ ๐ข Venture studio โ get the hands you need to grow (8%)
๐จโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ ๐ผ VC/angels โ it's Silicon Valley for me (3%)
๐จโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ ๐ Grants or crowdfunding โ the community will back me (8%)
๐จ๐จโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ ๐ Actually, lemme give the NEXTORBIT guys a ringโฆ (12%)
Your 2 centsโฆ
โI like the way they do it if only I could do that and then sell the million businesses. Are there anyone in the open letter who would want to start something together just for the sake of getting it out my brain and then getting a founder later, similar to next but yeah would be great to build something with you guys.โ
Hey, Dominique, yeah, so many great ideas! Send a DM on this email and letโs see โ we mos all build and share in The Founder Collab too, so can defs help you get started. ๐ฏ
โBootstrapping allows me to stay in control. Once you take on VC funding, you're essentially working for the funders.โ
True dat, Msel! One extra opinion to entertain can be a serious drain. ๐
LOOKING TO CONNECT?
Upcoming SA Tech Events
Democratising SAโs Financial Access โ JHB 18 Sep, 18:00 โ The Open Letter is hosting Charles Savage, founder of EasyEquities and CEO of the JSE-listed Purple Group, at our next Joburg event. Come network, get powerful insights and make valuable connections. Early bird tickets are R200, but use the code TOL50 to get an extra R50 off, exclusive to Open Letter readers. Book here.
Venture Summit โ JHB 9 Sep, 09:00 โ SAโs largest gathering of tech startups and scale-ups lands at Sandton Convention Centre. Learn from top founders, sharpen your GTM strategy, explore disruptive tech and AI trends, and get funding-ready. The Open Letter readers get free access to this event by using the code TOL when RSVPing here.
Founder story: Two Three Bird โ CPT 11 Sep, 13:00 โ How a niche cycling insurer became a global InsurTech platform across SA, the UK, the US and Australia. Join co-founders Theo Grobler and Aryna Edwards in conversation with Innovation City CEO Michelle Kleu for lessons in platform strategy, PMF and global growth. From R50. Book via Innovation City.
Dell Young Leaders leadership symposium โ Stellenbosch 16 Sep, 09:00 โ Meet exceptional Dell Young Leaders as they tackle real-world challenges (from food security to AI in public health), connect with employers tackling SAโs 24% young graduate unemployment and engage directly with future-ready talent for your hiring pipeline. Seats are limited. RSVP here.
Hosting a demo day, panel, founder meetup or tech event? Let us know, and weโll feature it for FREE.
AROUND THE WEB
๐ Tool to Try: Sick text-based AI chat? Athena AI makes chat visual with diagrams, videos, etc., powered by top-tier models.
๐ค Thatโs Interesting: A Canadian engineer YouTuber built a replica of Thorโs hammer that only engineers with the Iron Ring could lift โ using a ring-triggered electromagnet.
๐ฅ Next Level: Watch Freddie Mercury warming up backstage at Knebworth (1986), Queenโs last-ever concert.
๐ Hack: Load your dishwasher back-to-front so you barely pull the racks as it fills (less hassle, fewer snags).
๐ Wow Site: BeerTuner lets you rate songs by how drunk you need to be to enjoy them.
Want to see a tool featured here? Let us know.
THE FOUNDER COLLAB
Building a startup? Donโt do it alone.
Hey, Renier here ๐, co-founder of The Open Letter.
Iโve spent 17 years in SA tech and seen hundreds of startups rise and fall. The ones that made it all had one thing in common: a strong community.
Thatโs why I started The Founder Collab โ a space where 100+ SA founders connect for:
โ Meetups & events
๐ Weekly masterclasses
๐ 35+ expert sessions on-demand
๐ค A network unlike anything else
Come build your startup alongside me and 100+ other SA founders in The Founder Collab.
Spaces are limited โ new founders join weekly.
THANKS FOR READING
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