First episode of Shark Tank a hit
29-year-old Vusi Ravele became the first entrepreneur to benefit from a lucrative investment in the first episode of the new reality television show, Shark Tank SA.
The feeding frenzy started with Romeo Kumalo offering the pioneering go-getter the cash he needed in exchange for 50% equity in his enterprise.
Dawn Nathan-Jones then quickly moved in to convince Vusi that he rather required someone like her to open doors in the corporate market in conjunction with tech guru Vinny Lingham's ability for online strategy and international online sales, for only a 30% equity stake.
But in the end Gil Oved convinced Vusi that he was the best partner for his business, offering him R400 000 as well as a credit loan of R3 million in exchange for a 50% partnership.
FOR MORE ENTERTAINMENT, CLICK HERE.
Vusi made Gil a counter offer - 40% for R400 000 - which sealed the first business deal in the history of Shark Tank South Africa.
Twitter was abuzz following the introduction of the five millionaires who make out the Shark Tank with some saying they were ruthless when it comes to business.