Survey results: SA Private Equity fundraising activity surges to a 13-year high
Tshepiso Kobile, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA) Despite growing concerns about the turbulent macroeconomic outlook, the high interest rate environment and fundraising challenges, Southern Africa’s Private Equity (PE) industry has surged forward. With 2024 being referred to as the ‘ultimate election year’ on both local and global fronts,…
Read MoreHAVAÍC completes first close of its African Innovation Fund 3
The fund has secured $15 million in commitments for its first close. Cape Town-headquartered venture capital firm HAVAÍC has announced the first close of its African Innovation Fund 3, which has a target of $50 million. In partnership with cornerstone investors Universum Wealth and The SA SME Fund, as well as local and international family…
Read MoreSouth Africa’s Tech Sector Attracts Significant VC Investment Surge
The technology sector is spearheading investment within South Africa’s start-up ecosystem, even amid challenging macroeconomic conditions. This insight comes from the South African Venture Capital Association (SAVCA), which unveiled the findings of its 2023 Venture Capital Survey, which was published on Thursday, 18 July 2024. The survey indicates that South African start-ups secured R3.3-billion in…
Read MoreICT sector leads the charge as Venture Capital investments in SA hit R3bn mark
Click here to read the original article. The performance of the venture capital (VC) sector in South Africa defied the downwards trend in annual deals seen since 2020 as investments hit the R3 billion mark in 2023, displaying the level of resilience that has since become synonymous with the start-up ecosystem. The Southern African Venture…
Read MoreNew Survey: South Africa’s VC Sector On Positive Trajectory And What This Means
Click here to read the original article. South Africa’s 2023 startup ecosystem concluded on a high note, as the local venture capital (VC) sector defied the global downward trend in annual deals since 2020. The recent Southern African Venture Capital and Private Equity Association (SAVCA) Venture Capital Survey Launch 2024 revealed that total capital flow…
Read MoreTicketmaster Expands Presence in Africa with Acquisition of Quicket
Ticketmaster, the world’s leading ticket marketplace, is acquiring Quicket, a major player in Africa’s General Admission event and festival ticketing, to further support the rapidly growing live events market across the continent. Having launched in the market in 2022, Ticketmaster serves some of South Africa’s leading festivals, sports, music, theatre, and venue clients. The partnership with…
Read MoreHarnessing the power of private equity for economic gains
Private equity has evolved into an asset class not only capable of providing the smooth returns demanded by investors, but also the ability to generate economic growth and drive job creation. It’s time retirement funds take notice, writes Ola Leepile, the Chief Executive Officer of Novare Holdings Click here to read the original article. The…
Read MoreSouth Africa: Admaius Capital Partners in mining supplier deal; Ethos spin-off exits
Admaius has announced the acquisition of The Particle Group. Admaius Capital Partners, an Africa focused private equity investor, has acquired a stake in The Particle Group (TPG), a supplier to the mining industry. TPG is headquartered in Johannesburg, South Africa but has operations globally. TPG manufactures and sells specialist chemical products called certified reference materials…
Read MoreMetier exits to Infra Impact Investment Managers
Infra Impact Investment Managers has acquired a majority equity stake in Oricol Environmental Services from Lereko Metier Environmental Solutions Holding. The successful share sale transaction sees the Infra Impact Mid-Market Infrastructure Fund 1 become the new majority shareholder in the company, effective 4 June 2024, after the deal met all the required regulatory approvals. Oricol…
Read MoreSAVCA announces winners at prestigious industry awards ceremony – Engineering News
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 MoreSAVCA announces winners at prestigious industry awards ceremony – Africa Business Quarterly
The Southern African Venture Capital and Private Equity Association (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, the expert panel…
Read MoreSAVCA 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…
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