{"id":2788,"date":"2023-09-18T09:50:09","date_gmt":"2023-09-18T07:50:09","guid":{"rendered":"https:\/\/iafrica24.com\/?p=2788"},"modified":"2023-09-18T09:50:18","modified_gmt":"2023-09-18T07:50:18","slug":"malinga","status":"publish","type":"post","link":"https:\/\/iafrica24.com\/malinga\/","title":{"rendered":"South African Singer Dr. Malinga Faces Financial Struggles"},"content":{"rendered":"\n

South African Singer Dr. Malinga Faces Financial Struggles<\/p>\n\n\n\n

South African vocalist Dr. Malinga last year appeared on Podcast and Chill with MacG, where he openly discussed his financial problems, leaving fans surprised. Dr. Malinga’s journey to fame was modest but inspiring.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In 2011, he entered the entertainment scene unexpectedly when he featured on Dj Choice’s hit “Cassanova” and won the Record of the Year SAMAs award the following year. He began earning in 2013 with hits like “Via Orlando,” which became popular across Southern Africa.<\/p>\n\n\n\n

However, trouble arose in 2022 when the South African Revenue Service seized his property to settle his R2.1 million debt, shedding light on his financial woes. Dr. Malinga blamed his accountant for poor advice on investments and tax matters.<\/p>\n\n\n\n

The COVID-19 pandemic further drained his finances, and he mentioned the burden of “black tax” \u2013 financially supporting family members. Additionally, he is owed royalties for past songs, including his share from “Via Orlando.” Some fellow artists like Makhadzi and Black Coffee have extended their support to help him during this challenging time.<\/p>\n\n\n\n

\n\n\n\n

10 Business Ways to Raise Money in South Africa<\/strong><\/p>\n\n\n\n

In South Africa, various avenues exist for raising capital to start or expand a business. Whether you’re an aspiring entrepreneur or a business owner seeking additional funds, consider these strategies:<\/p>\n\n\n\n

1. Bank Loans and Business Grants<\/strong>
Explore loans from banks and financial institutions, as well as government grants designed to support small businesses.<\/p>\n\n\n\n

2. Venture Capital<\/strong>
Seek investment from venture capital firms looking to back promising startups in exchange for equity.<\/p>\n\n\n\n

3. Angel Investors<\/strong>
Connect with angel investors who provide capital and mentorship to early-stage businesses.<\/p>\n\n\n\n

4. Crowdfunding<\/strong>
Utilize online platforms to raise funds from a wide pool of individuals who believe in your business idea.<\/p>\n\n\n\n

5. Bootstrapping<\/strong>
Start and grow your business with minimal external funding, relying on personal savings and revenue.<\/p>\n\n\n\n

6. Small Business Development Programs<\/strong>
Leverage government programs that offer financial assistance, mentorship, and training to small businesses.<\/p>\n\n\n\n

7. Peer-to-Peer Lending<\/strong>
Explore peer-to-peer lending platforms where individuals lend money to businesses in exchange for interest.<\/p>\n\n\n\n

8. Strategic Partnerships<\/strong>
Collaborate with established businesses that can provide funding, resources, and expertise.<\/p>\n\n\n\n

9. Invoice Financing<\/strong>
Use your outstanding invoices to secure short-term financing to maintain cash flow.<\/p>\n\n\n\n

10. Equity Crowdfunding<\/strong>
Consider equity crowdfunding to raise capital by offering shares in your company to a broader audience.<\/p>\n\n\n\n

Each of these options has its pros and cons, so carefully evaluate which aligns best with your business goals and financial needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

South African Singer Dr. Malinga Faces Financial Struggles South African vocalist Dr. Malinga last year appeared on Podcast and Chill with MacG, where he openly discussed his financial problems, leaving fans surprised. Dr. Malinga’s journey to fame was modest but inspiring. In 2011, he entered the entertainment scene unexpectedly when he featured on Dj Choice’s …<\/p>\n","protected":false},"author":1,"featured_media":2790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[48],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nSouth African Singer Dr. Malinga Faces Financial Struggles - iafrica24.com<\/title>\n<meta name=\"description\" content=\"Mzansi news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iafrica24.com\/malinga\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African Singer Dr. Malinga Faces Financial Struggles\" \/>\n<meta property=\"og:description\" content=\"Best jobs for young professionals: Scholarships, Internships, Jobs, Grants, Fellowships in South Africa\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iafrica24.com\/malinga\/\" \/>\n<meta property=\"og:site_name\" content=\"iafrica24.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T07:50:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-18T07:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iafrica24.com\/wp-content\/uploads\/2023\/09\/97cf0b00-5a36-4e14-b635-9d123dc7f413.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"499\" \/>\n\t<meta property=\"og:image:height\" content=\"615\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Intarezseo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Intarezseo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/iafrica24.com\/malinga\/\",\"url\":\"https:\/\/iafrica24.com\/malinga\/\",\"name\":\"South African Singer Dr. Malinga Faces Financial Struggles - 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