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Subject:
Business concepts
Category: Business and Money > Small Businesses Asked by: onetime-ga List Price: $5.00 |
Posted:
28 Nov 2002 06:53 PST
Expires: 28 Dec 2002 06:53 PST Question ID: 115945 |
I am looking to take an existing business concept from the UK to South Africa and am looking for some advice on what is likely to work best and be successfull? I need to make enough money to live on in South Africa with a £20,000 to £50,000 initial investment. | |
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Subject:
Re: Business concepts
Answered By: nickyspag-ga on 30 Nov 2002 10:02 PST Rated: |
Hi onetime-ga The South African economy has long been based on mineral resources and this is still the biggest industry in the largest centre, Johannesburg. However, there are areas of massive opportunity in tourism and entertainment, Information Communication Technology (ICT), financial services and the retail market. In terms of living in SA, you can buy a nice flat in the city bowl or Atlantic Seaboard areas of Cape Town from around R300 000, with houses available from R650 000 up. Property is cheaper in the rest of the country. You can live very well on R200 000 a year. The following are highlighted as sectors of opportunity in the Western Cape by the government: - Conference Tourism - Eco-tourism - Film Production - Ship Repair & Containerisation - Precision Engineering - Boat-building See the following article for areas of opportunity in Gauteng and other parts of South Africa: http://www.isa.org.za/invest/rsa_overview.asp You can search a database of franchise opportunities at this address: http://www.frain.org.za/search/default.asp Note that the exchange rate is around £1 to R15. Confidence in the retail sector is at its highest in 14 years according to this article: http://www.safrica.info/pls/procs/SEARCH.ARCHIVE?p_content_id=191479&p_site_id=38 The Department of Trade & Industry: Business Opportunities in South Africa http://www.thedti.gov.za/startingabusiness/businessopportunities.htm BRAIN (Business Referral and Information Network): http://www.brain.org.za/ Good luck! nickyspag-ga |
onetime-ga
rated this answer:
and gave an additional tip of:
$2.00
Some good stuff there, it was quite a vague request and i think you did a good job in narrowing it down. The only thing holding me back from giving you an extra star was that I would have appreciated more hard data about the gap between what is success full in south Africa and what could be successfull in the future. That being said many thanks for some good work, Dave |
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