Richard Branson looks at the start-up scene in SA

2016-11-18 10:45

The South African business scene has captured the attention of none other than Richard Branson. Branson has now made it clear he’s got his eyes on the country and is looking at what he can do as far as start-up businesses go. This is exciting news not only to the South African business industry, but the business industry as a whole. Once Branson sets his eyes on something, it’s not long before results start to happen.

Where he has set his sights

Branson is being pretty specific in what area he is targeting. He has recently shown up at the Virgin Money Insurance Service, located in South Africa, for the company's big re-launch. It’s here that he was vocal with reporters about what he sees as far as the future of start-up businesses in South Africa. Because Virgin Money is doing so well, it’s only natural the businessman is excited about the future.

Branson was quick to point out that the expansion and growth of the start-up scene in South Africa is dependent on world stability. Obviously big events could throw the stability off. He went on to note that should Trump be elected the President of the United States it would certainly impact the stability of the market. As well Brexit, it is sure to shake things up in what could be negative ways.

Entrepreneurs are taking notice

Now that Branson has pointed out the opportunities it's only natural that entrepreneurs in South Africa, and around the world, are taking notice. As more and more start-ups start to pop up in South Africa, expect the amount of need for start-up related services to also go up. This includes the need for financing options, staff, branding experts, those with experience in logo designs, marketing gurus, and more.

The importance of Blockchain

Branson also had a lot to say about Blockchain as well. For those unfamiliar with it, it's a system that is able to put data together and plays a key role in Bitcoin and other cryptocurrencies. It makes it possible for businesses to in fact share a digital form of a ledger book via computers. There is no one authority, it's just a way to share the data. As well, the businesses that are sharing this ledger are unable to make any changes to the financial records. It provides protection against tampering with the numbers.

Branson is a big fan of the technology and is excited to talk about its future potential. He wants to see the technology used in even more ways and really expand across the world.

Plenty of excitement ahead

It’s hard not to get swept up in the excitement whenever Branson is speaking to reporters and talking about the future of the business. He is a man of ideas and because he understands how to put them in motion, people tend to trust in what he has to say. And with that said, South Africa could be on the verge of a boom where start-ups are concerned.

Read more on:    richard branson  |  economy  |  business

Inside News24

Most Read
News In Your Area
Top Lifestyle
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.