Sauce from South Africa; cricketer set up company (7)
I believe the answer is:
tabasco
'sauce' is the definition.
(Tabasco is an example)
'south africa cricketer set up company' is the wordplay.
'south africa' becomes 'sa' (abbreviation).
'cricketer' becomes 'bat' (I've seen this before).
'set up' says the letters should be written backwards.
'company' becomes 'co' (abbreviation).
'sa'+'bat'='sabat'
'sabat' written backwards gives 'tabas'.
'tabas'+'co'='TABASCO'
'from' acts as a link.
(Other definitions for tabasco that I've seen before include "Chilli sauce" , "Spicy pepper sauce" , "Hot red sauce" , "Hot pepper sauce" , "A hot spicy sauce" .)