Business At A Glance
- Business: Scrap Metals
- Start-up Costs: Minimum
- Online Operation? Yes
- Associations: Metal Recyclers Associations of South Africa
Business Overview
There are a great number of options open to the creative entrepreneur who is considering starting a recycling business focusing on scrap metals.
You can specialise and operate a scrap metal depot that sells various reclaimed metals to metal recycling companies. Or, specialise in one particular type of scrap metal collection and recycling.
Owning a scrap metal recycling business is like having your company traded publicly the day it opens for business.
Metals are commodities and the price fluctuates on a supply and demand basis, often based on forecasts for the supply and demand for certain types of metals a year or more in advance.
Overall, this is a good choice for a recycling business start-up, and the investment can vary from a few thousand rands to hundreds of thousands of rands.