- Shark Tank South Africa will return for a second season in 2021.
- The Beryl Group acquired the rights to the show and will produce the new season of the exhilarating TV show.
- The Sharks this season are Quinton van der Burgh, Dr Jasmine Pega, Lebo Gunguluza and Prashanthi Akaloo.
The reality entrepreneur-search show Shark Tank South Africa is returning to South African television for a second season in 2021.
Rapid Blue produced the first season of Shark Tank SA for M-Net (DStv 101) in 2016.
The Beryl Group - a leading Pan-African investment company - has acquired the format licensing rights for a localised version.
The second season that doesn't have a TV channel attached will be produced by the company with a new group of sharks – established investors – looking for inventive ideas and products to invest in.
Filming of the second season will start in early-2021 and will likely take place in Johannesburg, just like the first season and will include self-made multimillionaire and billionaire tycoons as the "Sharks".
Viewers will once again see entrepreneurs with ideas that could potentially be "the next big thing" pitch their business to the panel of Sharks who will potentially invest through equity in the business, and help the entrepreneurs navigate the business seas.
The Sharks for the second season of Shark Tank SA will be the South African billionaire Quinton van der Burgh of Quinton Van Der Burgh Investments, Dr Jasmine Pega (UN Global Award honoree and entrepreneur), Lebo Gunguluza (serial entrepreneur and chairman of the Gem group of companies) and the tech-entrepreneur Prashanthi Akaloo. A fifth shark-investor will be announced soon.
"We have been investing in entrepreneurs for a significant amount of time. There's no doubt that Africa is the next frontier, and with that, the driving force of changing the economic landscape on the continent, will be entrepreneurs," says Neverl Kambasha, Beryl Group chairman.
"The possibilities of unearthing innovation, creativity and uncovering the 'next big thing' are endless; hence we deemed it necessary to further invest in entrepreneurship. We look forward to seeing potential unleashed."