The Great Debate: Infrastructure Investing in SA vs the Rest of the Continent

29 June 2022 It’s a well-known fact that infrastructure investment is urgently needed across Africa, including in South Africa. The African Development Bank estimates that the continent’s infrastructure financing needs will be as much as $170 billion a year by 2025, with an estimated gap of around $100 billion a year. And in the private…

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Positive outlook for the PE industry’s impact on SAs socioeconomic development

The Southern African Venture Capital and Private Equity Association (SAVCA) recently hosted its first in-person private equity (PE) conference since before the pandemic hit our shores in early 2020. Over 400 local and international delegates attended the two-day event which took place at the beautiful Ashanti Estate in Paarl, Western Cape. Tanya van Lill, outgoing…

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MEDIA RELEASE| SAVCA APPOINTS TWO NEW BOARD MEMBERS

The Southern African Venture Capital and Private Equity Association (SAVCA) – the industry body for private equity and venture capital in Southern Africa –welcomes two new directors to its board, following the virtual SAVCA Annual General Meeting (AGM) held on 7 October 2020. SAVCA CEO, Tanya van Lill says that the new appointees – Natalie…

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PRESS RELEASE| SA PRIVATE EQUITY REMAINS FAVOURABLE RELATIVE TO LISTED MARKET

The latest RisCura-SAVCA South African Private Equity Performance Report reveals that the country’s private equity industry has again outperformed listed equity over the medium-term, as of December 2019. The 2019 fourth quarter report, which tracks a representative basket of private equity funds in South Africa, shows outperformance across all three listed benchmarks over the five-year…

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PRESS RELEASE| PRIVATE EQUITY INDUSTRY WELL POSITIONED TO NAVIGATE COVID-19 CRISIS

After experiencing accelerated growth for the last three years, Sub-Saharan Africa is expected to go deep into contractionary territory in 2020. Highlights from the SAVCA 2020 Private Equity Industry Survey, however, indicate that the private equity industry remained resilient in the face of weak macroeconomic circumstances during the 2019 calendar year, which bodes well for…

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PRESS RELEASE: SAVCA CALLS FOR REGULATION 28 AMENDMENTS TO SUPPORT SA’s ECONOMIC RECOVERY

Private equity and venture capital funds (‘private equity’) play a unique function in the investment marketplace because they are actively involved in growing companies and their workforces. This differentiates private equity from hedge funds, collective investment schemes and other institutional investors, which generally play no active role in the strategic growth of companies. Despite this…

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Private equity and venture capital industry pledges over 1 100 hours to assist SMMEs

April 07 2020: South African businesses are facing the battle of their lives. To ensure as many companies as possible survive the COVID-19 economic crisis, the Southern African Venture Capital and Private Equity Association (SAVCA) has launched a small, medium and micro enterprise (SMME) support platform in collaboration with is membership network, which consist of…

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The SA venture capital and private equity industry responds to the Covid-19 crisis

The Covid-19 epidemic is an unprecedented public health and economic crisis. The private equity and venture capital industry manages R175-billion of investments in private companies, mostly small- and medium-sized businesses, on behalf of pension funds and other investors. We are at the front line of working with particularly small- and -medium sized companies to confront…

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The fundamental role of Private Equity | INTO AFRICA May 2019 Edition

Private Equity has maintained its key role in Africa’s economic transformation and sustainable growth by supporting small-medium enterprises as well as promoting impact and sustainable investment in Africa. Private equity has also helped innovative and dynamic African companies achieve their ambition who may otherwise be limited only by a lack of capital and experience. Shelley…

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DataProphet closes $10m investment to lead the Digital Maturity Journey for Manufacturers

AMSTERDAM / CAPE TOWN – DataProphet, a world-leading AI-as-a-Service (AIaaS) for manufacturing innovator, today announced the completion of its US$ 10 million Series A funding round. Knife Capital led the round, joined by South Africa’s IDC and Norican – the world’s largest metal surface preparation and finishing equipment provider. The funding provides DataProphet with the…

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Cybersmart – Infra Impact Press Release

Cybersmart Proprietary Limited is thrilled to announce that Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers Proprietary Limited, has acquired a significant minority stake in Cybersmart. “We believe that Cybersmart, with its talented senior leadership team, is poised for the next level of success,” said Mark Van Wyk, co-managing partner of…

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SAVCA Statement on Regulation 28 Final Amendments

The Southern African Venture Capital and Private Equity Association (SAVCA) welcomes the recently published final amendments to Regulation 28 of the Pension Funds Act, which comes into effect on 3 January 2023. National Treasury has said that: “To further facilitate the investment in infrastructure and economic development, the limit between hedge funds and private equity…

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Lonsa Everite acquires Swartland for R1.3 Billion Rand

Lonsa Everite Proprietary Limited (“Lonsa Everite”), together with Legacy Africa Capital Partners (“LACP”) and Swartland management, have acquired 100% of the issued shares in Swartland Investments and Swartland Insulation (“Swartland”), as well as the freehold properties from which Swartland operates and is adjacent to, from Swartland Group Proprietary Limited and a third-party seller. The transaction…

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Legacy Africa Capital Partners invests in Continuous Power Africa to accelerate its growth

South African private equity firm Legacy Africa Capital Partners (LACP) has announced an investment in Continuous Power Africa (CPA), a provider of power and monitoring solutions to the mobile telecommunications industry. The funding will accelerate CPA’s growth at a time when telecommunications companies in South Africa and elsewhere on the continent are seeking innovative solutions…

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PAPE FUND 3 INVESTS IN ENTERSEKT

PAPE Fund 3, a mid-market South African private equity fund, has this week acquired an equity interest in Entersekt, a global leader in device identity and payment authentication. The transaction achieved financial close in Franschhoek, during the final night of the SAVCA conference on Thursday 24 May 2022. Entersekt was founded in Stellenbosch in 2010.…

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Mahlako Energy Fund – Pioneering Energy Investment within the Mining Sector

Johannesburg, 2 June 2022 – Mahlako Energy Fund has concluded its investment in a landmark industrial independent power generation project for the Harmony-commissioned 30MW solar photovoltaic (PV) portfolio. This project is one of the first under Schedule 2 of the Electricity Regulation Act of South Africa. The amended regulations allow for investment in new generation…

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Westbrooke sells its interest in tapestry home brands to TFG limited

The shareholders of Tapestry Home Brands, led by Westbrooke, today announced that it has entered into an agreement with The Foschini Group (TFG) for the sale of the entire share capital of Tapestry Home Brands (Tapestry), a prominent home furnishings group, for a cash purchase consideration of R2.35 billion. The proudly local Tapestry group is…

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2022 BUDGET: Private Sector Partnerships Needed to Foster Economic Growth

24 February 2022: In his maiden Budget Speech, delivered on Wednesday, Finance Minister Enoch Godongwana ushered in a series of initiatives that the Southern African Venture Capital and Private Equity Association (SAVCA) believes will offer the people of South Africa some reprieve whilst looking to support economic growth. Increased infrastructure investment SAVCA welcomes government’s decision…

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SAVCA Statement on the 2022 State of the Nation Address

Government and Private Sector to bolster efforts at increasing investor confidence and economic growth During Thursday evening’s State of the Nation Address, President Cyril Ramaphosa outlined various areas of improvement within the scope of his Cabinet, as he highlighted the growing need for both the private sector and government to collaborate more vociferously to bolster…

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Institutional Capital needed to grow SA Venture Capital sector

Innovation to drive economic rebound The 2021 SAVCA Venture Capital (VC) Conference was held on 15 November 2021. In a continuation from the March private equity conference, the overarching theme for the venture capital conference was “re:imagine” as we work towards re:imagining the role VC can play in rebuilding our economy. The topics covered ranged…

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SAVCA appoints two new Board Members at 2021 AGM

The Southern African Venture Capital and Private Equity Association (SAVCA) hosted its virtual Annual General Meeting (AGM) on 6 October and welcomed two new directors to its board: Thiru Pather and Vuyo Ntoi. SAVCA CEO, Tanya van Lill commented, “it’s a privilege to welcome two such highly esteemed industry professionals to our board. They each…

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A ‘Turbulent but Encouraging’ Year Ahead for South Africa’s Private Equity Industry

SAVCA Private Equity Industry Survey highlights the need for more African investment and increased exit volumes With the onset of the COVID-19 pandemic amidst a turbulent macroeconomic landscape, Sub-Saharan Africa was expected to go deep into contractionary territory in 2020. Highlights from the SAVCA 2021 Private Equity Industry Survey showed this prediction to be accurate,…

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BUSINESS RESCUE AND DISTRESSED ASSET INVESTING

Considerations for creditors, shareholders, and private equity firms. According to Statistics South Africa, 216 businesses were liquidated in March 2021, 50% higher than the number recorded just a year ago. It is against this backdrop that the Southern African Venture Capital and Private Equity Association (SAVCA) recently hosted a panel of experts to discuss the…

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Grindstone Ventures launches $6.5m venture capital fund for SA tech SME development

Female-led African venture capital fund  Fills need for post-seed, pre-Series A funding for the African continent  Aligned to President’s vision of a startup nation in South Africa Cape Town, 9 November, 2021— Grindstone Ventures today launched a US $6.5m (R100 million) fund dedicated to seed funding predominantly South African innovative technology startups who have completed,…

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