South Africa also has a strong history of producing world-class fibres including mohair, wool, and cotton. South Africa is currently the biggest producer of mohair in the world. So if you love fashion and want to be your own boss, know that there’s plenty of room for you in this market.
But like any entrepreneurial adventure, building a successful fashion business takes careful planning and execution. The first step? Finding that perfect business opportunity. Let's dive into the exciting possibilities the South African market has in store.
1. Exporting to Global Markets
Whenever tourists visit South Africa, they often want to take home some beaded cuffs, leather bags or some other fashion item. What does this mean? People across the globe love locally-made South African fashion. In 2019, $214 million of knitted or crocheted apparel were exported from South Africa. There’s particularly high demand for South African textiles and clothing in China, Namibia, Botswana, Lesotho and Eswatini.
2. Fashion Hubs
The fashion space is very competitive in South Africa. However, you can carve your path by fostering community and collaboration among fashion entrepreneurs and workers in your city by opening a fashion business hub.
Here are some benefits your hub can offer:
Shared Resources: Hubs offer access to production facilities, design studios, and technology, reducing initial investment costs for SMEs.
Mentorship and Training: Your hub can provide workshops, business development programs, and connect SMEs with industry experts.
- Networking: Hubs facilitate collaboration between designers, manufacturers, and retailers, fostering a supportive ecosystem for growth.