Small business start-ups in South Africa have been pinpointed by the South African government as a way to stimulate economic growth in the country and to help solve the large unemployment problem. Whilst new businesses in South Africa will face many challenges, the government does provide a variety of incentives to help new businesses especially for black entrepreneurs who are looking to create small business start-ups.
Whilst there are a number of administrative tasks and minor costs associated with forming small business start-ups in South Africa, such as registering the company formation documentation with CIPRO located in Pretoria and registering for TAX with SARS once these formalities are out of the way, entrepreneurs looking for funding for their small business start-ups have a variety of options that they can consider.
Financing small business start-ups in South Africa can be done in various ways, from finding the enterprise with your own money, to borrowing funds from friends and family. However in many cases entrepreneurs looking to create a small business start-up may need to look for outside funding assistance from South African private investors or venture capital firms.
South African investors looking to fund small business start-ups will be looking for new businesses that can present a professional business plan and has figures and statistics that can show that the business can provide long-term success. Whilst some investors in South Africa may fund your business start-up for a simple financial return on their investment by a set date, others may require an equity stake in that business. Entrepreneurs looking for funding for their small business start-ups will therefore need to decide which type of private investor that they will want to work with. Not all entrepreneurs are comfortable with giving up a stake in their business, whilst many investors are likely to insist on it.
R15,000,000 Req R500,000 Min
Celebrity jeweller and niche manufacturer and exporter of luxury diamond jewellery. E-commerce success - Locally sourced South African diamonds.
R1,000,000 Req R500,000 Min
Mount Pleasant will supply essential oils to the international market earning dollars through a guaranteed off-take agreement. The SA climate and soil is ideal for this.
R2,000,000 Req R100,000 Min
First time offered in South Africa, a wheel clamp specifically designed for day to day use for vehicle security. The clamp makes your car safe wherever you park it.
R1,000,000 Req R200,000 Min
We have developed a solution that will provide an automated experience for customers without sacrifice in security to the retailers. Prototype fully completed and available.
R10,000,000 Req R1,000,000 Min
As a patient, were you inundated by repetitive paperwork at your last hospital visit? We will not only remove the paper, but also transform your experience
R800,000 Req R500,000 Min
We are a licensed wholesaler of petroleum products. I will share our last financial year turnover with a potential investor, which he/she will be pleasantly surprised about.
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