27.04.2014
First up in the den was Ntokozo Biyela of Mzansi Mobile Units, a seven-year-old company that specialises in the manufacture of mobile fridges, freezers, VIP Toilets, kitchens, butcheries, and bars, among other things.
Given the niche that Mzansi Mobile Units operates in, it should hardly be surprising that the dragons were particularly concerned with the company’s production costs and overall sales figures.
Polo Leteka Radebe, CEO of business advisory group Identity Partners and Director of South African Venture Capital Association, and Creative Counsel co-founder Gil Oved then put in a joint bid that would’ve seen them become majority shareholders in Mazansi Mobile Units. To be fair, some of the ideas are pretty ridiculous, but anyone with half a brain can see that in much the same way as anyone can see that the crappy singers on Idols have no hope of getting anywhere. The only real lesson here is that it’s sometimes worth listening to your friends when they tell you your great idea sucks.
The Dragons’ Den contestants who build actual products tend to be a little more interesting than the ones who have service-based businesses. Despite his clear enthusiasm for the product, it was an emphatic no from all the dragons, plenty of puns along the way. George meanwhile is the current owner of Ecotaps SA and, while he clearly has a far more established product than Grunyuza, he is far less chilled out. George asked the dragons for R1.5-million in return for 20% equity to help build a manufacturing plant for the device in South Africa. As it turned out, George isn’t so much an inventor as an importer, making it extremely difficult for the dragons to find an aspect of the business worth investing in. Next into the den were Shane and Justin from Moxiwall, a company that’s created a dry-erasable whiteboard paint that can help you turn pretty much any smooth surface into a whiteboard.
Their pitch was slick, obviously well-rehearsed and clearly outlined the advantages of the product.
A lack of direction around what the two entrepreneurs would do with the capital they were asking for appeared to frustrate the dragons, as did the fact that they were only pursuing the business part time.
Last into the den was Bonani Mashila, who was looking for R600 000 in set up costs in return for his digital LED billboard company.
Despite clearly having enjoyed Mashila’s pitch, Oved was out immediately and was followed soon after by Lingham and Radebe. That did not however, stop Gunguluza putting an offer on the table (contingent on convincing Thembekwayo that it was a good idea).
Africa was one of only two regions in the world to experience an increase in foreign direct investment in 2012 but inflows to regional giants Nigeria and South Africa declined, a United Nations report said on Wednesday.
While global FDI fell by 18 percent last year, Africa bucked the trend with inflows increasing 5 percent to $50 billion, as countries like Mozambique, Tanzania and Uganda reaped the benefits of new discoveries of oil and gas, according to the 2013 World Investment Report published by the United Nations Conference on Trade and Development.


South America was the only other region to see a year-on-year rise in FDI inflows, which grew 12 percent, though flows to the Latin America and Caribbean region as a whole declined. Nigeria is fighting an insurgency in the north against Islamist sect Boko Haram which has killed thousands of people in the past three years.
FDI flows to South Africa slumped 24 percent to $4.6 billion in 2012, largely due to a foreign mining company offloading its stake in a South African subsidiary, the report said. FDI to central Africa surged 23 percent to a record $10 billion, while in east Africa recently discovered gas reserves in Tanzania and oil fields in Uganda resulted in a 40 percent jump to $6.3 billion. The report also found that African countries, led by South Africa and Angola are stepping up their investment overseas, with FDI outflows from the continent nearly tripling from $5 billion in 2011 to $14 billion last year. Red Coral Properties Limited is planning to undertake a massive real estate project in Kiambu County, Kenya.
Other facilities the developers have planned for construction include a water treatment facility, a school and power substation.
The construction project will be undertaken in phases, where the first will include construction of the industrial zone in 2015, while the rest of the phases will be undertaken in a period of 10-12 years. The proximity of Limuru to Nairobi is set to make the property even more lucrative to buyers considering the improved roads in the area, which have reduced commuter time to and from the city. Real estate has become a lucrative venture in Kenya with the new middle income economy status that the country has achieved – growing middle class.
Group Africa Publishing is a Pan African media house with an international character extending throughout the globe. The Swansea Bay project is projected to deliver renewable power to more than 155,000 homes in the Swansea area and to save the equivalent of 236,000 tonnes in carbon dioxide emissions a year. Drawing upon existing, proven technology, the Swansea Bay project has been accepted for consideration by the Planning Inspectorate. Good Energy has secured an option to purchase 10% of the projected annual 495GWh projected power output from project operators Tidal Lagoon (Swansea Bay) PLC, and has taken an equity stake of ?500,400 in the company. If approved, the Tidal Lagoon could provide a welcome boost to Welsh industry, as well as to the local community and tourism.
Posted on May 7, 2014 with tags europe, Good Energy, Lagoon, News by topic, Subsea, Swansea Bay, Tidal, UK. Industry experts have raised concerns over the ?850m Swansea Tidal Lagoon environmental effects.
Businesses have overwhelmingly backed plans to create the world’s first man-made tidal lagoon in Swansea Bay.


While he claims that the company has clientele across all nine of South Africa’s provinces, the amount he asked for seems especially audacious when you consider that he had to re-establish the company in 2012. Episode two was no exception, featuring people who had failed to clearly tell the dragons exactly what it is they do. The R300 000 they were willing to take from the dragons in return for 20% equity was probably also the most realistic investment pitched for on the series to date.
That said, they did manage to spark a bidding war between the dragons with the business founders, eventually accepting a joint offer between Oved, Lingham and Thembekwayo for one and a half times what they were asking for and 60% of the company. While there are a number of companies operating in the space in South Africa, what sets Mashila apart is the fact that he’s looking to set up his business in less economically well-off areas. A major problem, as Thembekwayo pointed out, was that Mashila had valued the business at more than R6-million before he’d even opened the doors. When that failed however, it meant that all the dragons were out and Mashila walked away empty handed, something he’s evidently become used to over the years.
Whilst completing his Bachelors in Journalism, Politics and English, he realised he was a bit of a geek, albeit one who isn't afraid of the sun.
Its FDI inflows fell from $8.9 billion in 2011 to $7 billion last year due to political insecurity and a weak global economy, UNCTAD said. The project will have 3,304 housing units, commercial and retail space, warehouses and logistics facilities. A proposal has also been made for the construction of a rail network in the development to ease transportation in the area. Raw materials for construction are also readily available, which cuts down on the cost of building. Kenya managed to achieve this 16 years ahead of schedule as it was part of the country’s vision 2030. Here’s hoping that if Gunguluza was serious about the job offer, the young entrepreneur takes it.



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