South Africa’s pursuit of a more equitable and growing economy requires exponential growth in entrepreneurial mindset and endeavour. Angel investors have a critical role to play in achieving this growth – they bring the networks, acumen and access to financing that catapults new businesses forward, dramatically increasing their chances of success.
Following a successful launch in Johannesburg in August, the South African Business Angel Network (SABAN) launches in Cape Town on Thursday evening 10 November at the Cape Town Club.
Headlining the launch are renowned international and local investors – Anthony Record MBE (global Angel investor extraordinaire), Audrey Mothupi (Board Member of Pick ‘n Pay and the Nordic Female Business Angel Network), Baybars Altuntas (Chair of the World Business Angel Investment Forum) and Daniel Guasco (Chair of Silicon Cape and Co-Founder of Team Africa Ventures). Tickets are available to investors via Quicket at www.saban.org.za/ctlaunch.
“Increase in the quantity and quality of Angel investors around the world”
SABAN co-founder Chris Campbell explains that, “SABAN has been established as a non-profit, industry body to galvanise and grow Angel investing in South Africa.” Angel investors are typically high net-worth individuals who invest their own money in start-up companies in exchange for an equity share of the business. “Since the 2008 global financial crisis there has been phenomenal increase in the quantity and quality of Angel investors around the world – we are lagging behind in South Africa, to the detriment of our entrepreneurs. We need SABAN and other initiatives to change this narrative.”
“Angel investing is the new normal”
Audrey Mothupi is unequivocal when she says, “Angel investing is the new normal, nothing creates impact and change than bringing passionate investors together with innovators from all walks of life – the one enables, and the other makes a dream a reality. Angel investors make tomorrow a reality today when that great innovation comes along. I am so proud to be part of the South African Business Angel Network, SABAN brings hope to all the great young innovators and, most importantly, has the ability to link local and global angel investors at a time when the world needs more inclusive globalisation to drive growth and impact.”
SABAN’s launch and early success is a result of collaboration by numerous individuals and organisations including the African Business Angel Network, Newtown Partners, Silicon Cape, SiMODiSA, Entrepreneur Traction, VC4A, Peninsula Hotel, SA Innovation Summit, StartUp Grind, Allan Gray Orbis Foundation, AngelHub Ventures, Clifftop Colony and Knife Capital.
Interested in attending the launch?
Go to www.saban.org.za/ctlaunch or contact Chris Campbell – chrisc [at] socius.ch