CHESS

Weekend Argus (Saturday Edition) - - GOOD HAPPENINGS -

THE STEINITZ Chess Club from Bel­har re­tained its ti­tle in Bloem­fontein as the cham­pion chess club in South Africa.

Steinitz de­fended the ti­tle it won in 2008 against 26 other teams from Gaut­eng, the East­ern Cape, North­ern Cape and Free State.

The Steinitz team scored 22.5 points while Rand­burg notched up 21.5 and the Pre­to­ria Chess Club scored 19.5.

The Steinitz team was led by Mark Lewis and in­cluded can­di­date mas­ter Calvin Klaasen, Fide mas­ter Sha­bier Bha­woo­d­ien, can­di­date mas­ter Lyn­don Bouah, Craig Wil­len­berg and Mark Lewis.

Steinitz also won three board prizes, with Lewis, Bha­woo­d­ien and Wil­len­berg all re­ceiv­ing hon­ours.

This was the third time that Steinitz has taken the ti­tle and the first time it has done so twice in a row.

You can make chess pay – if you have the drive and en­tre­pre­neur­ial spirit of Mark Le­vitt.

ChessCube, the on­line chess site which al­lows play­ers of all skill lev­els to com­pete and learn chess, has con­cluded a $1.25m (R10.2m) fund­ing agree­ment with Ven­ture Cap­i­tal fund InVenFin.

InVenFin is the VC-fo­cused sub­sidiary of Ven­Fin Lim­ited, which in­vests in in­tel­lec­tual prop­erty-based start-ups with global po­ten­tial.

With a po­ten­tial mar­ket of over 50 mil­lion chess play­ers in the world, ChessCube.com has al­ready at­tracted more than 650 000 regis- tered users across 207 coun­tries.

Le­vitt, CEO and founder of ChessCube, says: “We are de­lighted to have InVenFin on board as our part­ner. This in­vest­ment al­lows ChessCube to fo­cus on es­tab­lish­ing it­self as the world leader in on­line chess.”

InVenFin’s Stu­art Gast stated: “ChessCube’s in­no­va­tive prod­uct of­fer­ing has im­pressed us, along with the strong team led by Mark.”

Vinny Ling­ham, CEO of San Fran­cisco-based Yola.com, an early in­vestor in ChessCube, added: “As a keen chess player my­self, it is par­tic­u­larly ex­cit­ing to be part of an in­no­va­tive chess ven­ture.

“This in­vest­ment by InVenFin fur­ther high­lights the po­ten­tial of Cape Town as the tech­nol­ogy hub of Africa – which I like to dub Sil­i­con Cape.

“ChessCube has enor mous po­ten­tial to dom­i­nate the mas­sive global chess play­ers’ mar­ket.”

ChessCube re­cently wrote it­self into the his­tory books when, dur­ing its spon­sor­ship of the South African Open, along with the 300 par­tic­i­pants at a Wyn­berg venue, three grandmasters and mas­ters par­tic­i­pated from a sec­ond venue in Mel­bourne, Aus­tralia.

Fide, the world chess fed­er­a­tion, worked with ChessCube to en­sure that the games, which were played across the in­ter­net, were of­fi­cially rated.

This prece­dent could see tour­na­ments us­ing this tech­nol­ogy in the fu­ture.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.