Fire-breathing investors

The sometimes inspiring and often hilarious reality TV show Dragon's Den is getting a local version.

South Africans could have seen several seasons of the show on DStv's BBC Entertainment channel. Dragon's Den gives struggling entrepreneurs who believe they have a sound business idea a platform from which to make a three-minute pitch to a panel of business giants - with the prospect of securing funding and mentorship.

The panellists are the dragons, and they sit in a lair into which would-be entrepreneurs must walk and talk.

But the poor dragons - and viewers - have to sit through some of the most cringe-worthy, ridiculous pitches hoping to hear more bankable ideas.

The local version of the show (Mzansi Magic is yet to appoint its dragons) is slated to premiere in September - and applications are already open. The show will be recorded in Johannesburg on August 5-25.

What are some of the most ludicrous pitches ?

Once, two middle-aged friends, Gill and Clare, asked the dragons for an investment of roughly R1.8-million for a 20% share in their business. What business was it? "Tingatang" was a jewellery range to be worn by single men and women to advertise their availability.

Dragon Deborah Meaden chipped in: "So, just to make sure I've got this right - this is the alternative to stamping SINGLE across your forehead?"

Who would want to be embarrassed like that publicly? Isn't that why people discreetly join dating sites, asked the investors. The pitch was dismissed.

Applicants need to provide details, including the registered name and trading name of the business, the type of business, registration and tax numbers, physical address, the investment required, and a business plan.

• Apply online at dragons@rapidblue.com