The recent wave of entrepreneurs in South Africa has made the other end of the spectrum more competitive. Many entrepreneurs still target banks in South Africa to obtain business financing loans. But the application process usually requires the entrepreneur to have some sort of income already.
Seda, a South African development agency backed by the government, looks at the options for local entrepreneurs, from borrowing money from friends and family to banks and private equity. It also gives a relatively pessimistic outlook, claiming that trust levels in South Africa are quite low, and that there are only a few active investors.
However, like many other places, it is important to acknowledge that business financing and Angel Investors are generally a relatively new aspect of business scene in South Africa, but this area if growing rapidly. And with the ability to convey ideas over the web, the scene is no longer restricted by location.
Until recently, South African entrepreneurs looking for business angels would have to look abroad, to Europe or the USA, but the Angel Investment Network has recently expanded into South Africa, and has built a network of angel investors based in South Africa, as well as global investors. As a result, local entrepreneurs can now receive business financing and funding from local investors as well as from abroad.
R150,000 Req R150,000 Min
RIFE based health care is a revolutionary method of treating and curing many illnesses harmlessly and effectively using Ultra Sound frequencies, from Pathogens to Cancer.
R30,000,000 Req R250,000 Min
In the last three years, there has been a noticeable trend in television and video culture. Television has had a revolution, via internet streaming. Meet the new disruptor.
R500,000 Req R100,000 Min
We offer affordable and effective flooring to domestic, commercial and industrial applications. We have large retail opportunities in place and rapid growth strategies.
R300,000 Req R100,000 Min
Habashwe - A digital platform that empowers the African traveller.
R35,000,000 Req R2,500,000 Min
Our Company is called Mzanzi Corporate Solutions CC. We are in the process of acquiring a Crocodile Farm and we are urgently in need of Funding to buy the biological assets.
R400,000 Req R50,000 Min
It gives us great pleasure to present our Incubator Proposal as we firmly believe that you will find our submission highly valuable for the economic development of SouthAfrica