{"id":16,"date":"2021-01-10T18:58:13","date_gmt":"2021-01-10T17:58:13","guid":{"rendered":"https:\/\/www.profitableventure.com\/za\/?p=16"},"modified":"2021-01-10T20:01:17","modified_gmt":"2021-01-10T19:01:17","slug":"start-business-without-money","status":"publish","type":"post","link":"https:\/\/www.profitableventure.com\/za\/start-business-without-money\/","title":{"rendered":"How to Start a Business in South Africa Without Money"},"content":{"rendered":"<p>If you are thinking of starting a business in Africa, then you should probably think of South Africa. South Africa which is one of the most diverse and sophisticated market offers investors a great deal of stability, a vibrant emerging market, and a climate \u2013 political, cultural, social, and environment \u2013 that promotes and fosters growth.<\/p>\n<p>South Africa\u2019s location at the tip of the continent is of great asset to investors, as this means that apart from the commercial opportunities within, it also has the potential of allowing investors access other markets \u2013 the rest of the continent.<\/p>\n<p>Johannesburg Stock Exchange (JSE) ranks among the 20 top exchanges in the world by market capitalization. According to the 2015 \u2013 16 Global Competitiveness\u00a0 Index by the World Economic Forum, South Africa out of 140 countries was ranked 1<sup>st<\/sup> for financing via the local equity market. It was also ranked 2<sup>nd<\/sup> for the regulation of securities exchanges.<\/p>\n<h2>Steps to Starting a Business in South Africa Without Money as a Foreigner<\/h2>\n<h4><strong>1.<\/strong><strong> Have the right business idea<\/strong><\/h4>\n<p>In order the start a business anywhere, the very first step is to have a solid and workable business idea. It is best to set your eyes on niches, products or services that you already have some sort of experience in. Building a business in a field where you have no previous knowledge or experience is going to be a lot tougher.<\/p>\n<p>You need to know whether or not your great idea can actually be a business. How do you know? Unfortunately, you don\u2019t always know; some entrepreneurs have invested their life\u2019s savings into a concept that couldn\u2019t actually be a business. To determine whether your business idea is viable, it helps to take a step back and look at the concept objectively.<\/p>\n<p>You should ask yourself the following questions;<\/p>\n<ul>\n<li>Does the market for this product exist and is there enough demand for it?<\/li>\n<li>Will your potential target market pay for your service or product? You have to bear in mind that at times, people will not embrace a product even if it is cheaper because they like to stick with what they know and are familiar with.<\/li>\n<li>Is your potential target market already paying for something like you are offering? Do you honestly believe they\u2019ll switch to your product or service?<\/li>\n<li>How will you determine your offering? Will you provide everything for everyone or will you decide on a niche product or service that you offer to a select target market?<\/li>\n<\/ul>\n<p>The aim of asking all these questions is to do a sort of reality check. You don\u2019t want to invest time and money into a business that isn\u2019t viable. Your business needs a worthwhile potential target market because if you don\u2019t have any customers, your business isn\u2019t going to make any profit.<\/p>\n<p>Do some background research into your potential target market and determine if they will make a feasible customer base for your business.<\/p>\n<h3><strong>Economic Analysis<\/strong><\/h3>\n<p>Even though South Africa might not be the easiest of places to start a business in due to its multifaceted culture and history, it is still ranked by the World Bank and International Finance Corporation (IFC) as the 39<sup>th<\/sup> best place in the world as regards the ease of doing business. South Africa is also regarded as the powerhouse of Africa and is tipped to boost the continent\u2019s growth by 5%.<\/p>\n<p>As at 2014, the South African economy was forecast to grow to 2% by 2015. The forecast was also expected to improve further in 2016 and 2017. South Africa is regarded as the most sophisticated and developed economy in Africa with some indigenous big brand companies in finance, real estate and business services, manufacturing and wholesale and retail trade. South Africa is also regarded by the investors as a gateway to Africa due to its ease of doing business, comparative sophistication, and continental expertise as compared to the rest of the African countries.<\/p>\n<p>South Africa\u2019s business environment challenges are pale when compared to other developing nations in the world, especially as the country has a well developed transport infrastructure, robust financial and legal frameworks, as well as sound macro conditions. South Africa\u2019s weather condition is also fair and the country has an abundance of natural resources.<\/p>\n<h4><strong>2. Determine the type of ownership structure that is best for your situation<\/strong><\/h4>\n<p>Is the business going to be owned by only you (sole proprietorship), or will you own it alongside other people or a group of people? It is easier to determine ownership right at the beginning of a venture than to try and bring someone in half-way, or even after your business is up and running.<\/p>\n<p>If more than one person is involved, you will have to determine the percentage of ownership for the business. Will you own the majority or will you spilt it evenly between yourself and your partner(s)? You should also determine exactly what each person will do and how much weight each person\u2019s decisions or inputs will matter. Will the \u2018ideas guy\u2019 have more equity than the partner funding the operation? It\u2019s hard to determine, which is why you should hash it out before you start your business.<\/p>\n<p>Remember, sweat equity can count for more than money invested if the person has made real strides in building up your business with you. All of this is completely up to you, though. You ultimately choose who you want to involve in your business.<\/p>\n<h3><strong>What is the Best Legal Entity to Use?<br \/>\n<\/strong><\/h3>\n<p>It doesn\u2019t matter the kind of business you intend to run, you would need a legal structure. A business that has a legal entity is one that has the legal capacity to litigate and also the competence to contract contracts. Here is a list of entities in South Africa to guide you;<\/p>\n<ul>\n<li>\n<h4><strong>Sole Proprietorship<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>This is the simplest business entity where the owner of the business trades under his or her name with no separation of assets and liabilities. This means the <a href=\"https:\/\/www.profitableventure.com\/types-sole-proprietorship-form\/\" target=\"_blank\" rel=\"noreferrer noopener\">sole proprietor does not enjoy unlimited liability<\/a> as he can be held liable for any debts that might be incurred during the course of the business.<\/p>\n<ul>\n<li>\n<h4><strong>Private Company (Pty) Ltd<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>In this kind of business entity, which is also known as a One-Man Company; the business is founded and managed by one director. The business must have at least a shareholder and if it has to take on more shareholders, the numbers must not exceed 50.<\/p>\n<ul>\n<li>\n<h4><strong>Personal Liability Companies (Inc.)<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>In this kind of business entity, both the current and previous directors can be held liable for acts such as debts and liabilities that occurred during their time in office. Most firms where this kind of business entity is used are mostly that of professionals such as doctors, lawyers and accountants.<\/p>\n<ul>\n<li>\n<h4><strong>Public Companies (Ltd)<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>This is a kind of business entity where shares are issued and most times listed on the stock exchange. This kind of business is usually liable to shareholders and the management of such businesses is invested in a Board of Directors.<\/p>\n<ul>\n<li><strong>State Owned Companies (SOC)-: <\/strong>This is a business entity that is owned by the state.<\/li>\n<\/ul>\n<h3><strong>3. Putting the details in writing<\/strong><\/h3>\n<p>When you have determined how much equity that will be shared among the parties involved, you will then have to put it in writing. This will help you in the long run should anyone misunderstand their position in the business or argue that they deserve more equity.<\/p>\n<p>What you want at the end of this step is a simple agreement, without a lawyer or legal language. The agreement should display: percentage of ownership, money invested, time invested and who owns what.<\/p>\n<h3><strong>List of Legal Documents You Need to Run a Business<br \/>\n<\/strong><\/h3>\n<p>There are several documents that are needed to run a business in South Africa. Having the documents will save you from a whole lot of hassles from the government agencies that are in place to check defaulters. Listed below are some of the documents that you will be needing;<\/p>\n<ul>\n<li>Certificate of Incorporation<\/li>\n<li>Business Plan<\/li>\n<li>Insurance Policy<\/li>\n<li>Contract documents<\/li>\n<li>Business License<\/li>\n<\/ul>\n<h4><strong>4. Get a Business Name<\/strong><\/h4>\n<p>You could just use your own name as your business\u2019 name, but the process is more involved than that. There are multiple stages to reach before you can complete this step, such as:<\/p>\n<ul>\n<li>Coming up with a creative idea<\/li>\n<li>Checking your potential name for availability<\/li>\n<li>Registering the name to make it legally yours.<\/li>\n<\/ul>\n<p>You don\u2019t have to legalize the name just yet, but start with ideas and discuss it with your business partners or friends and family. There are several misconceptions with it comes to what you can and can\u2019t do with names. Don\u2019t waste your time with those misunderstandings. Ask people what they think.<\/p>\n<h4><strong>5. Sales forecasting<\/strong><\/h4>\n<p>Your business won\u2019t succeed without sales forecasting. You can\u2019t calculate your business\u2019 expenses, as well as your initial cash needs as part of your start-up costs without knowing potential sales.<\/p>\n<p>There is a misconception about sales forecasting that many budding entrepreneurs believe: \u2018It is a scientific process that I don\u2019t know how to do\u2019.<\/p>\n<p>Actually, a sales forecast is an educated guess. A normal forecast would take into account previous months\u2019 sales, but since you haven\u2019t sold anything yet, you can\u2019t really forecast it. What you can do is break it down into pieces by organizing it into a spreadsheet over a 12-month period to make your estimates for each month.<\/p>\n<p>Consider how many expenses and steps will go into this process over those 12 months. Then take into account how much you\u2019re going to charge per item or per service. Multiply those units by the rands per unit and you have a sales forecast.<\/p>\n<h4><strong>6. Budget for expenses<\/strong><\/h4>\n<p>Your expense budget layout, like your sales forecast, should be represented in a spreadsheet over 12 months. Consider how much you\u2019ll be paying for rent, utilities, marketing and payroll, then include those costs into your expense budget.<\/p>\n<p>Keep in mind that these figures are set in stone, so you could even try to reverse engineer your sales forecast based on what you need to make to cover all of these expenses. Also, keep in mind that you and your partners\u2019 salaries will also feature on this report, so don\u2019t forget to set money aside to pay the wages.<\/p>\n<h4><strong>7. Estimate the needed startup costs<\/strong><\/h4>\n<p>You can start by listing out the expenses you will have before you start the business and the expenses you will incur after you have set up the business. Expenses can be anything from legal costs, renovations, setting up your website as well as inventory.<\/p>\n<p>It\u2019s challenging to determine how much capital you\u2019ll need to support your business until you break-even or make a profit. You\u2019ll need to plot this month-by-month while comparing your sales to your expenses and keeping an eye on how money flows in and out.<\/p>\n<p>Keep in mind, with a majority of business-to-business models, you have to wait an agreed upon amount of time before you get paid (30\/60\/90 days). Take this wait into account to mitigate cash flow challenges later.<\/p>\n<p>A lot of times, start-up entrepreneurs make the mistake of trading from their personal bank account and as such, it can make it very difficult to differentiate between personal and business expenses. It also doesn\u2019t allow you to build up a credit risk profile for your business, which is an important factor should you ever want to approach a bank for financing. Rather, start trading as a business from the get-go by opening up a Business Current Account.<\/p>\n<h3><strong>8. Marketing<\/strong><\/h3>\n<p>Next, you will have to plan your marketing strategy. Here your aim is to target your ideal customer. The more detailed your picture of your target audience is, the more impact you will have on them. Consider his or her:<\/p>\n<ul>\n<li>Age<\/li>\n<li>Job<\/li>\n<li>Income<\/li>\n<li>Location<\/li>\n<li>Marital status<\/li>\n<\/ul>\n<p>After you\u2019ve determined who you\u2019re sending the message to, you need to create the actual message. What is your message going to be? Is it something you can say in a single sentence? Where would you send that message for the greatest impact?<\/p>\n<p>You\u2019ll need to carefully consider your marketing strategy. Ensure that you\u2019re targeting the correct audience and that you understand the strategy and how much work it will be to take your business to market. If traditional marketing like radio, print and TV is too expensive for you, explore digital channels \u2013 as these platforms are growing in popularity anyway.<\/p>\n<h3><strong>9. Refine your vision<\/strong><\/h3>\n<p>In this step, you can start developing how you want your company to look and feel from your consumers\u2019 perspectives. What will your logo represent? What message will it actually convey? Every business has a brand identity, what will your business\u2019 look like? Will your customers understand your message? Is there a difference between what you think your branding means, and what they think it means?<\/p>\n<p>Start developing consistent logos, signs, letterheads, and graphic standards for your company\u2019s look and feel. These will help your target audience feel connected with your brand and increasingly associate your products or services with your business.<\/p>\n<h4><strong>10. Create a website<\/strong><\/h4>\n<p>Any business that is serious should have a website. Being connected to the internet is an important factor for your business. Unless you\u2019re running an e-commerce business, you can build a website quite quickly.<\/p>\n<p>Decide on the various elements for your website, and launch your website with the just the basics about you, your company, your products and services, if you have to. You can now use templates to speed-up the process even more. You can even leverage programs such as TypePad and WordPress. These sites were built for blogging, but you can use them to create your website. It involves little to no formatting work to help you save on web development costs.<\/p>\n<h4><strong>11. Develop an invoicing process<\/strong><\/h4>\n<p>You will have to consider how your customer will make their payments. Do you want to sell directly to your customers? If so, you will need to establish a merchant account so you can accept credit cards. Online suppliers have created a lot more options: you can set your business up with web stores, such as Amazon or Takealot, which can handle digital transactions with your customer.<\/p>\n<p>If you\u2019re selling directly to another business, you\u2019ll need to add invoicing and credit policies to your business\u2019 repertoire. You\u2019ll need these systems up and running or your business might never be paid on time.<\/p>\n<h4><strong>12. Get insurance<\/strong><\/h4>\n<p>This is the moment when you take the time to talk to an insurance broker and get your business insurance started. You and your partners have invested time and effort into this venture. You\u2019ll surely want compensation if something goes wrong.<\/p>\n<p>Ask as many questions as you can to determine what kind of insurance your business needs. Then go out and find a broker either through the web or via the phone. Always remember to ask is there anything else I need or is there anyone else I should talk to. This will make sure you\u2019ve covered all your bases.<\/p>\n<h4><strong>13. Register your Company<\/strong><\/h4>\n<p>The company must be registered with the South African Registrar of Companies in Pretoria within 21 days of the company being started. Only businesses dealing in fresh foodstuffs or health matters are required to register with the local authority.<\/p>\n<h3><strong>Business Licenses and Permits You Need<br \/>\n<\/strong><\/h3>\n<p>Before starting a business, you would need to be sure if licenses are required so that you don\u2019t break the laws. However, not all businesses require a license or permit before it can be run, but if it does, you would need to get a license before you can trade. They include the following;<\/p>\n<ul>\n<li>Food provision license \u2013 This is for those who intend to start a business that either involves sale of meals, perishable foodstuffs or take-away.<\/li>\n<li>Health and entertainment license \u2013 This is for those who intend to own business establishments such as nightclubs, adult premises, cinemas, massage treatments, health baths, electronic games etc<\/li>\n<li>South African Regional Service (SARS) Tax Certificate \u2013 This is for tax purposes.<\/li>\n<li>Zoning permit<\/li>\n<li>Liquor license<\/li>\n<\/ul>\n<h4><strong>List of Government Agencies and Parastatals that are In-charge of Registering Businesses and Issuing Licenses and Permits<\/strong><\/h4>\n<p>South Africa has different government agencies and parastatals that have been empowered to be in charge of registering businesses. Not registering with the companies would mean the business is at risk of closure, so business owners must ensure that they know the necessary requirements necessary to start a business with.<\/p>\n<p>Here is a brief list;<\/p>\n<ul>\n<li>\n<h4><strong>Regional Service Council<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>This is for specialized enterprises such as liquor stores and arm dealers. No business in South Africa requires a license to trade. However, businesses must register with the Regional Service Council (RSC) in the area in which they operate.<\/p>\n<ul>\n<li>\n<h4><strong>Unemployment Insurance Fund (UIF)<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>This is a requirement for all employers of labor, which means that all employees must be registered by their employers. It is a fund that provides temporary relief for workers who for one reason or the other can no longer work.<\/p>\n<ul>\n<li>\n<h4><strong>Department of Labor<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>Registering with the department of labor is mandatory especially if you have an employee or several, and regardless of your business entity. Registering with the department of labor is important in terms of the Compensation for Occupational Injuries and Diseases Act (COIDA)<\/p>\n<ul>\n<li>\n<h4><strong>South African Revenue Services (SARS)<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>Registration with SARS is pertinent whether your business entity is that of a sole proprietor, partnership or a private company. SARS is in charge of taxes, and sole proprietors or partners would need to register as provisional tax payers directly.<\/p>\n<h4><strong>14. Finalize your location<\/strong><\/h4>\n<p>If you offer a product or a service, it should impact your choice of location. The location of a business determines if it will be profitable or not. When considering where to base your operations, keep in mind the following: how your business should look, where it should be situated, as well as what competition is nearby. Even if you\u2019re starting your business at home, this is the time to ensure you\u2019re all set-up.<\/p>\n<p>If you\u2019re in retail, an ideal workshop or office space should be near to your customers, yet, it should not have too many competitions. Find a property broker to help you with this decision. You\u2019ll need a broker that actually listens to what you want and don\u2019t want.<\/p>\n<p>Once you\u2019ve reached this step, you\u2019re ready to start looking for a location. This can be as simple as setting up your home office, or as complicated as finding a building and renovating from scratch. But, now is the time to start planning your potential work space, as this will create the most lag time in the process of starting your business.<\/p>\n<h3><strong>Top 5 Cities to Do Business<\/strong><\/h3>\n<p>Even though a country might have factors to attract investors who are willing to start a business, not all cities in the country will have all the best factors possible. South Africa is no different as there are cities where investors prefer to launch their business in due to stability, profitability, and demographic composition. Here is a list of top 5 best cities to do business in South Africa;<\/p>\n<ul>\n<li>Western Cape \u2013 Cape Town<\/li>\n<li>Gauteng &#8211; Johannesburg<\/li>\n<li>KwaZulu-Natal \u2013 Durban<\/li>\n<li>Gauteng \u2013 Pretoria<\/li>\n<li>Eastern Cape \u2013 Port Elizabeth<\/li>\n<\/ul>\n<h4><strong>15 .Get your books in order<\/strong><\/h4>\n<p>There are a lot of accounting software that have made it possible to track every line item, every cheque, and every invoice you receive and send out. Keep a careful record of what you\u2019re spending on, who owes you what; and before you know it you\u2019ll be able to do the bookkeeping.<\/p>\n<p>Your bank can potentially offer insights into which accounting software will be the best for your new business to avoid incompatible records. Remember though, if this isn\u2019t you or your business partners\u2019 area of expertise, you will need to hire someone to cover this vital part of your business.<\/p>\n<h4><strong>16. Bring in lawyers<\/strong><\/h4>\n<p>This is the step where you have everything legalized, from formalizing the ownership to registering the name of your business. This is the step where you lock in all of those decisions and have an attorney draw up legal documents to verify everything.<\/p>\n<h4><strong>17. Hire employees<\/strong><\/h4>\n<p>This is where you hire those employees and team members. Ensure you\u2019re aware of what you can and can\u2019t ask in a job interview. There are privacy laws to consider that could lead to the appearance or suspicion of discrimination if your line of questioning isn\u2019t appropriate.<\/p>\n<p><strong>18. Funding<\/strong><\/p>\n<p>The amount of funds you will need will depend on the type of business you want to operate. Some businesses need a few thousand rands, while others need millions of rands from professional investors. If you\u2019re raising money, you will need to <a href=\"https:\/\/www.profitableventure.com\/guide-writing-business-plan\/\" target=\"_blank\" rel=\"noreferrer noopener\">write a detailed business plan<\/a>, find potential investors and sell them on your concept. If you\u2019re aiming to get professional investors, this could take some time. You can still launch your business with the money you have, as this will make you look more attractive to investors.<\/p>\n<h4><strong>19. Open your doors<\/strong><\/h4>\n<p>A fun and exciting open day is a good opportunity to start your business marketing right. Plan your opening day and make sure everyone knows about it. Write a press release, talk to local reporters and get the message out to the general public. Ideally, you\u2019ll want to build hype and buzz; this will put you on your customers\u2019 radar. Focus today on getting as many customers through the door as you can. Keep a sharp eye on what works, what doesn\u2019t and what you could improve.<\/p>\n<h3><strong>Possible Threats and Challenges You Will Face<\/strong><\/h3>\n<p>Every country poses threats and challenges to businesses and South Africa which is a multifaceted country is no different, here are some challenges to face when you do business there;<\/p>\n<ul>\n<li>Bribery and Corruption<\/li>\n<li>Tenderpreneurism<\/li>\n<li>Black Economic Empowerment (BEE) Fronting<\/li>\n<li>Xenophobia<\/li>\n<li>Getting Electricity<\/li>\n<li>Dealing with Construction Permits<\/li>\n<li>Multiculturalism<\/li>\n<\/ul>\n<h4><strong>Facts and Figures of South Africa That Will Interest You as an Investor\/Entrepreneur<\/strong><\/h4>\n<p>South Africa has got many facts and figures that make it one of the best countries to do business with in the African continent. Which is why so many foreign brands have sprouted up and so many indigenous brands are going strong and becoming international brands. Here are some facts and figures that will come in handy for you;<\/p>\n<ul>\n<li>As at 2016, South Africa ranked 49<sup>th<\/sup> out of 140 countries, an improvement from 2015, where they ranked 56<sup>th<\/sup> out of 144 countries.<\/li>\n<li>In 2015, the Open Budget Index stated that South Africa has the 3<sup>rd<\/sup> most transparent budget in the world.<\/li>\n<li>South Africa is a member of G20, and the only African country.<\/li>\n<li>As at 2015, South Africa ranked 4<sup>th<\/sup> overall in the Ibrahim Index, which measures the quality of African governance.<\/li>\n<li>South Africa contributes 23% to the combined Gross Domestic Product (GDP) of Africa.<\/li>\n<li>South African has a modern transport network, widely available energy that is of low cost, and a high standard of infrastructure.<\/li>\n<li>South Africa contributes about 35% to the combined GDP of sub-Saharan 48 African States.<\/li>\n<li>Even though it is home to only 6% of the continent\u2019s population, it boasts of a 45% mineral production, and 50% of its buying power.<\/li>\n<\/ul>\n<p>South Africa operates a free economy where trade and industry take place. Foreigners and locals are treated alike by the courts especially when it relates to businesses. However, most business disputes are settled out of court and being resolved via arbitration or agreement between the two parties. General legal practices that are of a commercial nature and relate to transactions are of international standard and adhere to best practices.<\/p>\n<h3>Market Feasibility Research<\/h3>\n<p>Due to South Africa\u2019s economic policies especially that of its Black Economic Empowerment (BEE), it has seen an increase in the country\u2019s growth rate, thereby helping South Africa move ahead of india as a destination for foreign direct investment. This was also made possible through the help of foreign brands in the country such as Deutsche Bank, Merrill Lynch and Blackstar investors.<\/p>\n<p>South Africa\u2019s investment in its infrastructure is as a result of its needing to pave the way for sustainable growth. Also, the country\u2019s location makes it an ideal gateway to other African markets.<\/p>\n<p>South Africa is also one of the largest investors in Africa. According to a 2003 research by LiquidAfrica, South Africa was the largest investor between 1990 and 2000, and pumped back over $12.5 billion into the continent. It is also the first country to sponsor FIFA in Africa with a total investment of $65 million in the 2010 tournament.<\/p>\n<h4><strong>List of 10 Well Known Foreign Brands Doing Business in South Africa<\/strong><\/h4>\n<p>Even though South Africa is a home to many indigenous popular brands, the foreign brands have also gained a strong foothold and aren\u2019t doing badly for themselves. Here is a list of 10 well known foreign brands in South Africa;<\/p>\n<ul>\n<li>Coca Cola<\/li>\n<li>Nokia<\/li>\n<li>KFC<\/li>\n<li>Colgate<\/li>\n<li>YouTube<\/li>\n<li>Gillette<\/li>\n<li>Nestle<\/li>\n<li>Facebook<\/li>\n<li>Microsoft<\/li>\n<li>Google<\/li>\n<\/ul>\n<h4><strong>List of 10 well known indigenous Entrepreneurs in South Africa<\/strong><\/h4>\n<p>Every country has indigenous entrepreneurs who are doing so well that they can compete favorably with their foreign counterparts. \u00a0These indigenous entrepreneurs have so become a force to be reckoned with that they are also known outside of the country.<\/p>\n<p>Here is a list of indigenous entrepreneurs doing business in South Africa;<\/p>\n<ul>\n<li>Elon Musk \u2013 PayPal, SpaceX and Tesla<\/li>\n<li>Mark Shuttleworth \u2013 Canonical Ltd<\/li>\n<li>Patrice Motsepe \u2013 African Rainbow Minerals<\/li>\n<li>Anton Rupert \u2013 Rembrandt Group<\/li>\n<li>Tokyo Sexwale \u2013 Mvelaphanda Holdings<\/li>\n<li>Sol Kerzner \u2013 Sun City<\/li>\n<li>Raymond Ackerman \u2013 Pick n Pay<\/li>\n<li>Cyril Ramaphosa \u2013 Bidvest group Ltd and MTN<\/li>\n<li>Herman Mashaba \u2013 Black Like Me<\/li>\n<li>Ronnie Apteker \u2013 Internet Solutions<\/li>\n<\/ul>\n<h4><strong>List of 10 Most Popular Indigenous Entrepreneurs\/Business Owners<\/strong><\/h4>\n<p>South Africa is blessed to have many indigenous brands that have not only become popular within the country \u2013 from telecommunications, banks, to food and retail &#8211; but outside as well, which is a testament to how the country strives at being the best in Africa. Here are 10 most popular indigenous businesses in South Africa;<\/p>\n<ul>\n<li>MTN<\/li>\n<li>Vodacom<\/li>\n<li>Shoprite<\/li>\n<li>Multichoice<\/li>\n<li>Spar<\/li>\n<li>Sasol<\/li>\n<li>Woolsworth<\/li>\n<li>FNB<\/li>\n<li>Netcare<\/li>\n<li>Investec<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>If you are thinking of starting a business in Africa, then you should probably think of South Africa. South Africa which is one of the most diverse and sophisticated market offers investors a great deal of stability, a vibrant emerging market, and a climate \u2013 political, cultural, social, and environment \u2013 that promotes and fosters&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-start-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Start a Business in South Africa Without Money - ProfitableVenture<\/title>\n<meta name=\"description\" content=\"Do you want to start a business in South Africa as a foreigner? 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