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…
Read MoreR488m Green Outcomes Fund launches to grow green SMMEs in SA
The Green Outcomes Fund (GOF) is a first of its kind structure, which incentivises local South African fund managers to increase investment in green Small, Medium and Micro-sized Enterprises (SMMEs). A partnership between National Treasury’s Jobs Fund and GreenCape, with knowledge partner UCT GSB Bertha Centre for Social Innovation. Cape Town – The world urgently…
Read MoreStatement on Havaic and Custostech matter
Thank you for your concern in the matter involving the Southern African Venture Capital and Private Equity Association (SAVCA) member, HAVAÍC and its dispute with Custostech. I can confirm that SAVCA was made aware of the dispute after receiving an official complaint lodged by Custostech in December 2019, after the case had already entered into litigation.…
Read MorePRESS RELEASE: Policy interventions required to support SA companies in bridging the COVID-19 crisis
News of Edcon’s cash crisis and inability to pay suppliers is a clear warning of the serious economic damage the COVID-19 crisis is causing. Edcon has said it will work on a reopening strategy, but may fail to find a viable route without Government and other support. Edcon’s current position is not unique and will…
Read MoreThe 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…
Read MoreLOCAL PRIVATE EQUITY INDUSTRY’S COMMITMENT TO COVID-19 CONTAINMENT MEASURES
In full support of President Ramaphosa’s outlined approach to contain the spread of COVID-19, the Southern African Venture Capital and Private Equity Association (SAVCA) has demonstrated its commitment to implementing the necessary protocols by instituting various internal precautionary measures, among them the introduction of virtual events to replace face-to-face gatherings, travel restrictions and flexible work-from-home…
Read MorePress Release: Introducing the African Angel Academy – Applications now open for Pilot Program!
Angel Investors are increasingly making a difference to the global start-up scene by helping promising entrepreneurs start and grow companies. The African Angel Academy (AAA) has now been established to help accelerate angel investing in Africa. Through the creation of an angel investing curriculum, tools, and mentorship from established angels, all available through an online…
Read MorePRESS RELEASE: “AFSIC – Investing in Africa” 2020 set to have huge momentum
The 8th Annual AFSIC – Investing in Africa forum, scheduled for May 5th -7th 2020 in London, has already confirmed over 300 top level speakers and panellists including a huge range of Africa’s most important investors, dealmakers and business leaders, who will unpack the increasing global investment momentum into Africa’s growing public and private sectors…
Read MorePRESS RELEASE: Metier Sustainable Capital Fund II (MSC II) first closing
Metier has received USD 113 million in commitments and has called a first close of its second Sustainable Capital Fund, MSC II. The fund will strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. “MSC II target projects and partners which deliver social and environmental benefits as well as returns on…
Read MorePRESS RELEASE: Achievement of commercial operations of Sindila: a 5.25mw run-of-river hydropower project in western Uganda
Metier is pleased to announce that start of commercial operations was achieved in 18 April 2019 for the 5.25MW Sindila hydropower project (“Sindila”) in which Metier, via its Lereko Metier Sustainable Capital fund (“LMSC”), is the majority investor. Sindila is located in the Bundibugyo District of western Uganda and is owned by a special purpose…
Read More“AFSIC – Investing in Africa” 2020 confirms over 300 excellent speakers.
AFSIC – Investing in Africa, scheduled for May 5th -7th 2020 in London, has this month confirmed over 300 speakers including a huge range of Africa’s most important investors, dealmakers and business leaders. AFSIC 2020 is focused on profiling Africa’s most exciting investment opportunities and creating multiple business and networking opportunities for investors. With ABSA…
Read MorePrivate equity in Africa: Why you need a long-term view | Investec
Despite the hurdles, opportunities abound in Africa for private equity – but innovation and a long-term approach are needed. In this article, we examine the investment case in Africa, and how the private equity segment can help unlock opportunities for growing businesses and investors alike. Out of Africa, something new The African continent has opened…
Read MorePRESS RELEASE: Vantage exits its Genser Ghana investment
(Johannesburg) 15 November 2019 – Vantage Capital announced this week that it has successfully exited its $18.5m mezzanine investment in Genser Energy, a management-owned, independent power producer. Genser provides distributed power generation solutions in Ghana to multinational industrial and mining companies including Gold Fields Ghana Limited, Kinross Gold Corporation, and more recently, Perseus Mining Limited…
Read MorePRESS RELEASE | First African Women PE fund stars at AIF: 4 Years, 3 Continents, 2 Women, 1 Plan
The first women led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina in his opening said “Last year Alitheia IDF were here and committed to raise funds for female led businesses they have raised $72 million, promise made, promise kept.”…
Read MorePRESS RELEASE: Edtech company Snapplify raises $2M growth funding round from Knife Capital and Hlayisani Capital
Acclaimed edtech company Snapplify has raised $2 million expansion capital from venture capital firm Knife Capital via its SARS section 12J Venture Capital Company, KNF Ventures, and empowered African investment manager Hlayisani Capital’s Hlayisani Growth Fund.
Read MoreTamela Mezzanine Debt Fund I reaches First Close at R420 million
It’s not just tech that SA venture capital (VC) firm Knife Capital invests in. Today the VC — which has invested in a number of SA tech deals in recent years — announced that it had invested in SA beverage startup Pura. Knife Capital did not disclose the amount it had invested in the company, which has developed a low-sugar soda beverage.
Read MoreGIPF Request For Information: Investment Management Services
The Government Institutions Pension Fund (“GIPF”) is a defined benefit pension fund, administering pension benefits to approximately 106,000 active members and about 55,000 annuitants. As at 30 June 2019 Assets under management totalled N$118.3 Billion. The GIPF’s mission is to safeguard and grow the Fund for the benefit of its stakeholders and Namibia. In so…
Read MoreThree lessons from running an AI-powered start-up in Africa|World Economic Forum
n Africa, like everywhere else in the world, artificial intelligence (AI) is moving up the agenda as companies, entrepreneurs and governments work out how to keep pace with the Fourth Industrial Revolution. While the continent has a long way to go when it comes to AI adoption, these technologies already play a prominent role in…
Read MorePrivate equity makes progress on gender equity | Moneyweb
The South African private equity industry is making significant advances within the area of transformation, a 2019 survey released by the Southern African Venture Capital Association (Savca) shows. According to the survey, the percentage of female and black professionals within the industry has increased to 29.6% and 34.9% respectively, up from 21.8% and 29.9% in…
Read MoreSA’s private equity industry growing despite sluggish economy – report | SAfm
The Southern African Venture Capital and Private Equity Association, SAVCA, released its annual report on what’s happening in the private equity space. It found that funds under management had grown to R171 billion at the end of December 2018, which represents a compound growth rate of 9.3% since 1999 – when the survey started. LISTEN
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