Tell us about the new format of the show.
The new format gives more entrepreneurs (52) an opportunity to be recognised, as opposed to giving 13 contestants a chance to pitch for investment. Also, each episode has a potential two deals for entrepreneurs. The new format has no winner. Each entrepreneur has a chance to get investment for their business.
The new format gives business lessons on preparing for a winning pitch and it’s done in a reality format, with the viewer witnessing a live pitching session.
Who are some of the high-profile investors involved in the show?
Our investors include the dynamic The Creative Counsel duo, Gil Oved and Ran Neu-Ner, and Vusi Thembekwayo, who became one of the youngest millionaires in SA at the age of 23.
Why do you think SA needs entrepreneurial shows like these?
Unemployment is rife in SA and as part of poverty alleviation, shows like Rize Mzansi contribute to entrepreneurial development and empowerment.
Should government and big business be doing more to promote entrepreneurialism?
The one sustainable way to empower the nation is through economic development. So government and the private sector should definitely do more.
You’re an entrepreneur yourself. Tell us about your business. And how do you differentiate what you offer?
I founded Moloisi Media House in 2007 and we afford small and medium enterprises the opportunity to enter mainstream advertising by providing affordable production value and media space buying.
As a businessman, what are the most important attributes an entrepreneur should have?
Passion and the willingness to invest time in market research, as well as understanding the competition to better position yourself.
What are the most important lessons you’ve learned as a businessman?
It takes time and money to build a successful business. Also that understanding new trends keeps you relevant and on top of your game.
And what’s the biggest challenge you still face?
Tackling big players and competing for the same or similar market.
• Rize Mzansi airs on SABC1 on Tuesdays at 21:00.