Cape Town – While the waters around Auckland Park these days are filled with more vicious creatures, it’s pay-TV broadcaster M-Net over in Randburg has decided to bring a local version of the format show Shark Tank to viewers.
Shark Tank South Africa is like the British Dragons’ Den that already saw a single season local version on the Mzansi Magic channel in 2014, and also revolves around investors listening to entrepreneurs pitch their business plans and ideas.
M-Net says it wants to do Shark Tank South Africa to “promote an entrepreneurial spirit in our country and believes that the fast-paced, entertaining Shark Tank format is a perfect fit for M-Net”.
Like Dragons’ Den SA, Shark Tank SA is produced by Rapid Blue. Filming will start in August and episodes will be broadcast on M-Net (DStv 101) from October.
People over 18 can enter now until 24 July and have to submit a 60-second video business pitch and can be done on a smartphone.
Successful candidates will appear before the five “sharks” – who have not been announced yet – to pitch their business plan and ask for money in the hourlong episodes.
The online entry form can be found here.
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