Private associations that aim to provide venture capital for new business projects in South Africa are starting to pop up left and right. Venture capital advisors are available for what are known as "capital seekers", a term that covers entrepreneurs looking to market their new product along with business owners looking to expand.

Currently, almost 4% of the US's GDP comes from venture capital investments, while it is under 2% in South Africa. It is clear that there is a long way to go before declaring South Africa's market as developed as the US, but considering the ground it has made up over the past 10-15 years, it is catching up at a very fast rate.

With solid growth over the past few years, the South African market looks to be on the up and the number of venture capitalists and business angel investments should continue to rise over the next few years.

The popular consensus is that private equity in South Africa tends to favour the same types of businesses and come from a select few investors. But over the past year, the Angel Investment Network has allowed new investors from South Africa to connect with entrepreneurs both locally and globally, and have helped hundreds of individuals invest in the venture capital market.