Yesterday, representation of the South African early stage investor community came together in Sandton, Johannesburg to celebrate the launch of SABAN, the South African Business Angel Network. SABAN is a non-profit, professional association galvanising the South African early stage investor community.
The formalization of SABAN follows the launch of the African Business Angels Network (ABAN) in early 2015, and is another step in a growing movement to evangelize angel investing across the continent. Angel investors provide capital, business acumen and market access to early stage businesses when the risk of the business failing is still exceptionally high.
Angel investors invest their own funds so they are free to absorb as much or as little risk as they would like. SABAN represents a sector that will play a vital role in South Africa’s future with the SABAN network fuelling SA’s growth through the creation of wealth and jobs.
SABAN co-founder, Chris Campbell, posed this question to start the launch this morning, “what would the impact be on entrepreneurs if there were 500 active, public Business Angels in South Africa instead of 50?” SABAN is seeking …read more
Read more here:: Celebrating the launch of the South African Business Angel Network