Just when most South Africans were getting ready to bask in the summer sun after a long and chaotic year, the impending threat of South Africa landing on the Financial Action Task Force (FATF) global greylist is a cloud casting a shadow on our summer break. And rightly so.
In some of our previous articles, we’ve discussed what angel investors should ask before investing. Once an ideal investment opportunity has been identified and it’s been decided to move ahead, a term sheet will be drawn up that lays out the basic terms and conditions for investment.