SAVCA announces winners at prestigious industry awards ceremony – Daily Entrepreneur
The Southern African Venture Capital and Private Equity Associate (SAVCA) Industry Awards, which took place in Sandton last week, showcased the achievements of some of the most innovative businesses in the country. In the running were a mix of companies, each nominated for having successfully used invested capital to build thriving enterprises. After much deliberation,…
Read MoreAlterra-led consortium agrees to acquire Chill Beverages
Alterra Capital Partners has partnered with Mineworkers Investment Company (“MIC”) and Admaius Capital Partners, together the (“Alterra Consortium”), to acquire a majority stake in Chill Beverages (“Chill”) from Old Mutual Private Equity. This acquisition marks the first investment by Alterra’s Africa Accelerator Fund (“AAA Fund”) and demonstrates the Alterra Consortium’s commitment to support African companies…
Read MoreFive SA business heavyweights enter the ring as finalists in this year’s SAVCA Industry Awards
30 April 2024: The South African Venture Capital and Private Equity Associate (SAVCA) Industry Awards celebrates the accomplishments of portfolio companies that have successfully used invested capital to build thriving enterprises. This year marks the fourth in-person event of its kind, which will be hosted by SAVCA in partnership with Investec on the 9th of…
Read MoreSeven trailblazing local start-ups and small businesses nominated for prestigious business investment award
30 April 2024: The South African Venture Capital and Private Equity Association (SAVCA), in partnership with Investec recently announced its fourth in-person SAVCA Industry Awards. This awards platform aims to recognise the achievements of local portfolio companies that have leveraged the power of invested capital to take their ventures to the next level. After much…
Read MoreCelebrating the Life and Legacy of André Roux, Grandfather of Private Equity
It is with great sadness that we must announce the passing of André Roux on Sunday, 7 April 2023. He was surrounded by his family and loved ones at his time of passing. Paying tribute to a legend! SAVCA wishes to pay tribute to the grandfather of Private Equity in the region, who has left…
Read MoreSAVCA welcomes five new board members at 2023 AGM
Johannesburg – The Southern African Venture Capital and Private Equity Association (SAVCA) has announced that it has welcomed five new board members at its 2023 Annual General Meeting (AGM) on 3rd October 2023. Darshan Daya, Edmund Higenbottam, Liz Kolobe, Ria Papier and Nicola Gubb have now officially commenced their tenure as board members. Providing his…
Read MoreSAVCA announces 5 new board members at its AGM
The Southern African Venture Capital and Private Equity Association (SAVCA) welcomed five distinguished professionals to its board at an annual general meeting held earlier this week. Darshan Daya, Edmund Higenbottam, Liz Kolobe, Ria Papier, and Nicola Gubb have officially assumed their roles as board members, marking a significant milestone in the association’s leadership landscape. In…
Read MoreSAVCA appoints new Board Chairperson
SAVCA is delighted to announce the appointment of Vuyo Ntoi as the new SAVCA Board Chairperson. The appointment took effect on 15 November 2023 following a majority vote from the SAVCA Board of Directors. Ntoi takes over from his predecessor, Lelo Rantloane, CEO of Ata Capital, who, having served a 3-year term leading the Board,…
Read MoreSA Startups Return $17 Million to Investors in 2022 – A Deep Dive
SA VC investors made $17 million from exits in 2022, a 3x return. However, loss-making deals still outnumbered the return-making ones. South African venture capital investors saw a 3x return on exits in 2022, totaling $17 million, according to the Southern Africa Venture Capital Association (SAVCA) survey. While this represents significant returns, the survey also…
Read MoreICT Sector Comes Out Tops In Latest Southern Africa Venture Capital Industry Survey
A low-growth economy, high unemployment and the mounting pressures posed by the ongoing energy crisis have continued to weigh heavily on start-ups in Southern African over the past year. Early-stage investors likewise reported that these challenges have had a material impact on the local venture capital industry, with an overall decrease in the value of…
Read MoreAnglo American lifts despite copper slip, and JSE gets a secondary listing
24 October 2023: Mining giant Anglo American seemingly managed to please the market with news most of its guidance for 2023 remains unchanged, while the JSE got its latest entrant with the secondary listing of healthcare-focused UK landlord Primary Health Properties. Mining giant Anglo American on Wednesday kept its 2023 production guidance mostly unchanged, reporting…
Read MoreBlue-Chip Investors Back Secha Capital and its Operator-Investor Model
Johannesburg, 26 September 2023: Secha Capital today announced a first close of its second fund, with R300M in investments from blue-chip investors RMB Ventures, 27four Investment Managers, The SA SME Fund and Caleo Capital. Secha Capital is a Black, female-founded fund manager. Founders Nombuso Nkambule, Brendan Mullen and Rushil Vallabh started Secha Capital in 2017.…
Read MoreMetier announces first close of Metier Capital Growth Fund III
Successful first close for African private equity fund, Metier Capital Growth Fund III 22 September 2023 – Metier announced the first close for Metier Capital Growth Fund III, raising just over $182 million, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200 million. The fund is the…
Read MoreHAVAÍC Completes second investment in RapidDeploy
RapidDeploy’s game-changing technology is mobilising faster, more accurate emergency response services via 911 centres across the United States. This marks HAVAÍC’s second investment in the cloud-native, public safety platform. Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced a further investment in RapidDeploy following its participation in a bridge round in October last year. The…
Read MoreCapitalworks concludes sale of its interest in one of South Africa’s largest independent management and technology consulting firms
Capitalworks, a leading private equity manager, is pleased to announce the closing of the sale of its interest in IQbusiness, one of South Africa’s largest management and technology consulting firms, to Reunert ICT Holdings (Reunert ICT), a wholly owned subsidiary of JSE-listed Reunert Limited. Since investing in the business in 2016, Capitalworks has actively worked…
Read MoreSAVCA Statement on Online Scams
SAVCA has been made aware of a fake profile which has been created on social media messaging platforms, including Telegram and WhatsApp, and we have reported this to the platforms. Please note that we do not, and never will, use social media or messaging services to solicit payments or investments and are in no way…
Read MoreKnife Capital Reaches Final Close for its $50M African Series B Expansion Fund
10 Aug 2023, Cape Town, South Africa – Knife Capital reached final close for its $50m African Series B expansion fund, Knife Fund III. The Fund supports the expansion of African innovation-driven companies to fill a critical follow-on funding gap, as lead investor and through co-investment with other credible funders across the continent. The focus…
Read MoreSanari Capital CEO Samantha Pokroy participates in roundtable hosted by US Vice President Harris on digital inclusion in Africa
Lusaka, 1 April 2023 – Sanari Capital founder and CEO, Samantha Pokroy, was invited to participate in a roundtable hosted by US Vice President Kamala Harris aimed at promoting digital inclusion across Africa. The event was part of Vice President Harris’ visit to several African countries and brought together business and philanthropic leaders to discuss…
Read MoreSA SME Fund secures R600 million in first close
Guest: Claudia Manning | SA SME FUND”s investment principal Click here to listen to the podcast.
Read MoreSA SME Fund announces a R600m first close for its Venture Capital Fund of Funds
SA SME Fund is the largest institutional investor into VC funds in South Africa Johannesburg, South Africa, 15 May 2023 – The SA SME Fund is pleased to announce the first close of its R1 billion Venture Capital Fund of Funds (VC FoF), with R600 million in commitments from investors. The VC FoF exceeded its…
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