Making Venture Capital More Inclusive
Global Alliance Africa are delighted to present a report prepared by Briter Bridges who have also successfully delivered a stakeholder roundtable and follow-up discussions in order to collate information for this report. Click here to view the full article.
Read MoreETG welcomes yet another strategic partner in the GEPF that will support the growth of the Group across various industries and geographies.
ETC Group (ETG), a global conglomerate with a presence across multiple sectors, announced today that South African pension fund manager Public Investment Corporation (PIC), acting on behalf of the Government Employees Pension Fund (GEPF), has received the requisite internal approvals and also concluded transaction agreements with incumbent shareholders to swap its shareholding in ETG Inputs…
Read MoreAfrica’s Green Economy Summit: Commitment to key strategies for investment-ready green infrastructure projects
African governments have improved processes for infrastructure development “Africa is full of potential infrastructure project opportunities in the pipeline. There is a great need and availability of funding to be spent on the continent. We just need to fix that missing link and carry through projects to a financial close to finally close the infrastructure…
Read MoreInnovative new projects join Climate Finance Accelerator South Africa
Fifteen innovative low-carbon projects from across South Africa have been announced as the second cohort of projects for Climate Finance Accelerator (CFA) South Africa support, following a call for proposals that attracted 166 applications. The chosen projects come from the energy, transportation, AFOLU (agriculture, forestry and other land uses), circular economy and water sectors. They…
Read MorePAPE Fund 3
19 November 2022 PAPE Fund 3, a mid-market South African private equity fund, has this week acquired a majority equity interest in Scamont Investment Holdings (Pty) Ltd (“Scamont”), a leading African engineering OEM specialising in the manufacture, distribution and servicing of positive displacement slurry pumps and multistage centrifugal pumps. The business was founded in 1978…
Read MoreSA’s most promising businesses recognised at SAVCA Industry Awards
11 November 2022: A multi-store, e-commerce start-up and an energy drink brand were among the winners at this year’s SAVCA Industry Awards, hosted by the South African Venture Capital and Private Equity Association (SAVCA) in partnership with Investec. The awards platform recognises the achievements of regional portfolio companies who have leveraged the backing of venture…
Read MoreThe future of venture capital in SA: Commercial viability and measurable impact will go hand in hand
8 November 2022: As the growth of the Venture Capital industry continues on an upward trajectory, a number of deals are moving towards an intersection of commercial and impact objectives. The businesses receiving VC funding are providing strong financial returns as well as contributing to societal challenges such as poverty alleviation, inclusive growth and job…
Read MoreMedia Release: SAVCA Announces New CEO, effective 1 November 2022
The Southern African Venture Capital and Private Equity Association (SAVCA) is excited to announce the appointment of Tshepiso Kobile as Chief Executive Officer, effective 1 November 2022. Kobile succeeds Tanya van Lill, who served SAVCA for over five years. Kobile hails from a financial services background, having served as an investment professional with the Development…
Read MoreEXEO CAPITAL ACQUIRES ICONIC SA BRAND, VITAL HEALTH FOODS
10 October 2022: Pan-African alternative investment firm, EXEO Capital has announced its acquisition of The Vital Health Food Group through Nurture Brands (Pty) Ltd, the functional and convenience foods platform in EXEO Capital’s Agri-Vie Fund II. The transaction was led by Riël Malan, EXEO Partner and Executive Chairman of Nurture Brands. As he comments: “Collectively,…
Read MoreSAVCA welcomes three new board members at 2022 AGM
Three new members were welcomed to the board of The Southern African Venture Capital and Private Equity Association (SAVCA) at its 2022 Annual General Meeting (AGM) on 05 October. Andrea Böhmert, Lebo Thubisi and Richard Rose have now officially commenced their tenure as board members. Providing his insight on these new appointments, SAVCA Chairperson…
Read MoreInvestment in Fintech and EdTech dominate SA venture capital industry
SAVCA 2022 Venture Capital Industry Survey highlights: Fintech constituted 15.9% of Venture Capital (VC) deals in 2021 followed by EdTech (9.1%) Gauteng remains the preferred destination for VC investments but Cape Town is still the base for the biggest pool of companies in active VC portfolios Almost two thirds of all deals (62.3%) were less…
Read MoreKnife Capital Reaches Second Close of its African Expansion Fund with Commitments from Standard Bank and the SA SME Fund
27 September 2022, Johannesburg, South Africa – Standard Bank and the SA SME Fund have joined other credible investors in backing venture capital firm Knife Capital’s new USD50 million African Series B expansion fund, Knife Fund III. The Fund’s aim is to invest behind the expansion of African innovation-driven companies and fill a critical follow-on…
Read MoreGender diversity increases significantly in the Private Equity sector according to SAVCA 2022 Private Equity Survey
22 September 2022: According to the latest Southern African Venture Capital and Private Equity Association (SAVCA) Private Equity survey for 2022, PE firms have shown a significant improvement in gender diversity, showing that the proportion of firms with more than 50% of women in their organisation has grown year-on-year. Further data indicates that for the…
Read MoreVistra enters into a Sale and Purchase Agreement with MAS France – Expands its global footprint by entering the French market
Paris, 15 September 2022: Vistra, a leading provider of expert advisory and administrative support to Fund, Corporate, Capital Market and Private Wealth clients, today announced it has entered into a Sale and Purchase Agreement (SPA) with MAS France, a Parisian provider of domiciliation, administration and directorship services in the real estate and private equity sectors.…
Read MoreSouth African gym management software startup Octiv secures significant funding partnership with Knife Capital to accelerate global expansion
[Cape Town, South Africa, September 1, 2022] – The prominent South African gym management software platform Octiv has reached a monumental milestone in closing their eight-figure Series A funding round from a leading venture capital firm, Knife Capital. The startup previously raised seed capital from prominent South African angel investors and this round also included…
Read MoreDataProphet 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…
Read MoreCybersmart – 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…
Read MoreSAVCA 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…
Read MoreLonsa 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…
Read MoreLegacy 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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