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Business Entrepreneurs in South Africa
South Africa has its eyes set on becoming a major hub among the business centres of the world in the not so distant future. Find out how entrepreneurs are beginning to evolve in this market, seeking angel investment.
With a solid start ahead of other African countries when it comes to exports, established two-way trade systems with the UK, combined with recent attempts to build economic links to regions within the US market, South Africa is starting to fit the bill, and previously hushed terms such as “high growth” and “emerging market” have recently been used in variety of sources.
As a result, opportunities exist at both ends of the field. It is currently a market both seeking innovative and new brands, and also a place where people are starting to develop their own ideas. And it’s more than just the usual suspects, a la Mark Shuttleworth (who has also formed his own venture capital team), but hundreds (if not thousands) of individuals or companies looking to get started.
Local sites such as the South African branch of the Angel Investment Network have featured over 200 investment proposals in the last 90 days from South Africa based business entrepreneurs looking for investment. A list of these can be viewed at http://www.investmentnetwork.co.za/
Certainly, when one looks at the big picture, the South African market is still in its early stages, and many people will cite that inflation is still quite high here. There has also been a surge in fuel and food prices that currently resonates on a global basis. It would be naïve to say that South Africa’s investment opportunities are low risk. And some might see the unemployment rate as an obstacle, as it is still considerably higher in comparison to most other established markets (23.1% in Q2 2008).
On the other hand, the unemployment rate in South Africa has helped push a sort of entrepreneurial energy from within, with students being taught to build their own skill set, and to become entrepreneurs themselves. As a result, venture capital funding has started to become available in this market too. Particularly in a market where entrepreneurs probably lack experience, angel investors can help a new business start up get off the ground by offering their expertise and knowhow as well as financial support.
However, what is really starting to attract investors, is the potential to thrive in a market where employees are readily available and in a country that is looking to build a global presence, knowing full well that the right investment can lead to high rewards.
More information is available at http://www.investmentnetwork.co.za
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The Angel Investment Network currently includes a wide range of South African and International investors looking for investment opportunities, along with entrepreneurs in all parts of the world looking to get their business off the ground.