{"id":2621,"date":"2016-10-23T19:21:09","date_gmt":"2016-10-23T17:21:09","guid":{"rendered":"http:\/\/www.samdb.co.za\/blogs\/?p=2621"},"modified":"2016-10-23T19:21:09","modified_gmt":"2016-10-23T17:21:09","slug":"shark-tank-south-africa-episode-4-sunday-23-october","status":"publish","type":"post","link":"https:\/\/www.samdb.co.za\/blogs\/blog\/2016\/10\/23\/shark-tank-south-africa-episode-4-sunday-23-october\/","title":{"rendered":"Shark Tank South Africa, Episode 4, Sunday 23 October"},"content":{"rendered":"

Two more entrepreneurs receive deals amidst some strong criticism in the tank<\/strong><\/p>\n

In tonight\u2019s episode of M-Net and Telkom SA\u2019s Shark Tank South Africa, the five business mogul Sharks who are tasked with investing in local entrepreneurs were left gob-smacked by some, and inspired by others. In total there were two more deals struck this week, with the youngest Shark in the tank, Marnus Broodryk, finally making his first investment in a delicious micro brewed beer company!<\/p>\n

Geologist Jacques Nel and his four-legged friend and mascot of his brand, bulldog Lady Trinity, were looking for an investment in his micro-brewery named \u201cJa Brew\u201d. The Sharks loved Jacques\u2019 branding and the potential for growth in the micro brewing market, but had concerns around the fact that he was still waiting for his liquor license. However, Shark Marnus, who has previously owned a vegan restaurant and understood the challenges that come with acquiring a liquor license, felt that he could have a lot of fun developing the business with Jacques, rather than simply investing. Marnus offered Jacques a R250 000 loan in exchange for a 50% stake in \u201cJa Brew\u201d and committed to helping Jacques lay the essential ground work to get his business up and running properly. \u201cTake the deal!\u201d fellow Shark Gil Oved advised Jacques, which he was happy to do.<\/p>\n

The second entrepreneur to present the Sharks with some bait that they were interested in was 40-year-old media consultant Taryn Gill. Taryn came into the tank tonight with her company \u201cPerfect Hair\u201d, a collection of proudly African products for African women. Taryn\u2019s naturally made hair care products are targeted at all different hair texture types, for women, children and men, and she wanted to use the Sharks\u2019 investment to open up concept stores. Most of the Sharks told her that this was an unrealistic idea, and not the right direction required to successfully grow her business.<\/p>\n

But Taryn\u2019s personality and hustling attitude is what really got the Sharks excited. She received her first deal offer from marketing guru Gil Oved, who offered her R250 000 for 50% equity in her business, with the view to take the marketing of her products to the next level. Romeo, however, came on board with a deal that included his secure base of distribution channels, as well as more money for less equity. Romeo\u2019s offer was R400 000 for a 40% share in Taryn\u2019s business, but it wasn\u2019t over yet! Vinny also chipped in on the basis of his experience in e-commerce. Wanting Taryn to keep her business sales online, Vinny offered to partner with Gil for the same offer that Romeo gave her, which Gil also agreed to. As if this wasn\u2019t already an incredibly hard decision for Taryn to make, Romeo then introduced a game-changer by offering his wife, business woman and former Miss South Africa Basetsana Kumalo, as a partner in the business, specifically to focus on the marketing side of things. It was an offer that Taryn simply couldn\u2019t refuse, and with that, Romeo clinched his second deal of the season.<\/p>\n

Unfortunately there were two blue-sky-thinking visionaries who came into the Shark Tank tonight with ideas that were possibly a little too big for the Sharks to stomach. Inventor Wayne Goelst came into the tank with his product, \u201cGlo-V\u201d hand signaling gloves, with an unusual deal proposal: R85 000 investment in exchange for 85% equity in his business! Wayne invented his reflective gloves particularly for South African taxi commuters to stay visible after dark, and to aid them in signaling taxis effectively. Unfortunately the Sharks felt that Wayne required them to do all of the work to get his product onto market, and for that reason, they all declined.<\/p>\n

Another unlucky entrepreneur who entered the tank was engineer Arthur Blake, with his unique business aimed at revolutionising student housing, \u201cModular Projects\u201d. Arthur came to the Sharks asking for a whopping sum of R48 Million in exchange for 20% equity in his business. As the developer of modular construction container buildings such as 27 Boxes in Melville, Arthur wanted the Sharks to invest despite having a business that is currently not generating any income due to his main partner having withdrawn a year ago. \u201cI think you\u2019re crazy to come in here and ask for R48 Million for an idea alone. I\u2019m out,\u201d Dawn Nathan-Jones summed up as the rest of the Sharks also categorically declined Arthur\u2019s proposal.<\/p>\n

To find out more about the businesses, especially if you\u2019re interested in supporting them with an order or purchase, go to www.mnet.tv\/sharktank or follow the conversation about the show on Twitter @MNetSharkTank with the hashtag #SharkTankSA.<\/p>\n

Shark Tank SA, sponsored by Telkom SA, is screened on Sundays between 18:00 and 19:00 on M-Net 101. This corresponds with the timeslot on a Sunday when all DStv customers can get a taste of what\u2019s available on M-Net 101, so if you\u2019re not a DStv Premium customer, you can also go to channel 101 to watch Shark Tank SA. The series will also be available on DStv Catch Up and streamed live on DStv Now.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two more entrepreneurs receive deals amidst some strong criticism in the tank In tonight\u2019s episode of M-Net and Telkom SA\u2019s Shark Tank South Africa, the five business mogul Sharks who are tasked with investing in local entrepreneurs were left gob-smacked by some, and inspired by others. In total there were two more deals struck this… Continue reading Shark Tank South Africa, Episode 4, Sunday 23 October<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[21,28],"class_list":["post-2621","post","type-post","status-publish","format-standard","hentry","category-television","tag-mnet","tag-shark-tank","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/posts\/2621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/comments?post=2621"}],"version-history":[{"count":0,"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/posts\/2621\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/media?parent=2621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/categories?post=2621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.samdb.co.za\/blogs\/wp-json\/wp\/v2\/tags?post=2621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}