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.
R1,200,000 Req R200,000 Min
PH is South Africa’s leading pet supplies delivery service. As an online retailer only, we stocks 500+ products from 6 quality international brand name suppliers, including pet food and treats and other pet accessories and medication.
R1,000,000 Req R10,000 Min
High end chef driven gourmet food, wine, beer and spirits
R20,000,000 Req R1,000,000 Min
The start up business is in the food and beverage sector. It will employ at least 100 people in its start up stages. It will be based in the kwa-Zulu-natal region
R370,000 Req R200,000 Min
We are a specialist brand activation and promotions company, we offer opportunities for clients associated with event and shopping centre activation programme as well as a number of other Advertising and Marketing related services.
R1,000,000 Req R50,000 Min
Purchase distressed or repossessed residential properties well below market value. Renovate the properties and sell them at market value.
R850,000 Req R100,000 Min
Development of existing lodge for holiday / retirement homes