VULINDLELA MIAMI BUSINESS DIARY
Innovative Startup ideas for Smart Entrepreneurs
Keagile Balebeng
Are you interested in starting a business in South
Africa? Do you need ideas or information on the best business investment
opportunities in South Africa?
Then I advice you read on. South Africa is the second largest economy in Africa. The country ranks 39th on the Ease of Doing Business Rank and the
World Bank ranks it as an upper-middle income economy.
Although poverty is still a problem in South
Africa, and a huge fraction of the population is unemployed, there are many
untapped business opportunities for insightful investors. So if you have some
funds that you would like to invest in South Africa, then here are the ten best
small business investment opportunities you can explore:
Top 10 Small
Business Investment Opportunities in South Africa
Being a rapidly growing country, the demand for
land, houses and other facilities by individuals and businesses is booming. And
this makes the real estate sector one of the most lucrative aspects of the
South African economy. If you have little capital, you can start dealing in low
cost land and housing units. And if your capital is on the high side, you can
invest in large expanses of land as well as housing estates.
2. Clothing and textiles
South Africa’s clothing and textile industry is another very lucrative sector. The demand for South Africa-made
clothing and textile products is high not only in South Africa, but also in
neighboring countries. So, if you have what it takes to break into the textile
market, then you can make lots of profit in the long term.
Although there are quite a number of processed food
manufacturers in South Africa, the huge demands are still yet to be met. So,
there is enough room for new investors in the food processing industry. You
have a wide range of products to choose from; fruits and vegetables, juices,
animal products, and so on.
4. Agriculture
South Africa has a wide expanse of land that can be
utilized for agriculture. With huge demand for agricultural products and
adequate workforce, new investors can easily start a business in the agriculture sector. Depending on your capital, you can start on a small scale or on a
large scale. With a low capital, you can cultivate selected crops on a small
piece of land or rear animals such as fishes or poultry. But if you have larger capital, you can cultivate a wide range of
crops and rear animals as well.
South Africans are now feeling more comfortable
with buying their needed products and services online. So, online retail stores in South Africa are now enjoying more patronage. And chances are you
will make lots of profit by starting an online retail business. Even if you are
on a low budget, you can start with just one product category and expand from
there.
6. Foreign cuisine
South Africa plays host to many expatriates, and
many tourists visit the country annually from different parts on the world. For
these reasons, there is always huge demand for foreign delicacies, which most
of the restaurants in South Africa don’t offer. So, there is huge profit
potential in a restaurant business that offers various foreign cuisines such as Italian delicacies,
Chinese delicacies, American delicacies, and so on. In addition, you can still
offer local delicacies to cater to South Africans as well.
7. Online marketing
Many South African businesses are trying to
establish and improve their online visibility as a way of attracting customers
through the internet. In fact, businesses are setting aside a sizeable fraction
of their marketing budget for online marketing alone. This creates huge
opportunities for online marketing experts such as SEO consultants, website designers, copywriters, and social media managers. If you have a good background in any aspect
of online marketing, you can start a business and make money from your skills
and expertise.
In order to cut cost, many individuals and
businesses in developed countries like the US and the UK now hire freelance
writers from other countries. But South Africa tops the list of their preferred
countries because the country is widely regarded as a native English-speaking
country. So, if you have good writing skills, you can make a lot of money by working as a freelance writer for
clients from all over the world. Writing assignments you will handle include
blog post writing, article writing, press release writing, proposal writing, newsletter writing,
copywriting, and so on.
9. Technology products
South Africa is one of Africa’s largest markets for
technology products such as PCs, smart-phones, and tablets. Since these devices
are in huge demand in South Africa, new investors can make lots of profit by
selling the latest products by global brands such as Apple, Samsung, Sony, and
so on. In addition to selling technology products, you can sell their
accessories as well. And if you have the expertise, you can render repair
services, too.
South Africa hosts thousands of visitors every
year. These people come from various parts of the world to behold South
Africa’s rich cultural heritage, beautiful sceneries, lush landscapes, and so
on. A smart business move is to offer services that cater to tourists, such as working as a tourist guide.
Ajaero
T. Martins, 2015,Starting a Business in
South Africa: 10Big Opportunities MyTopBuisnessideas.com, Africa.
Shared by Letta Balebeng
