Private 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
Read MoreRecord private equity investment indicative of growth potential | Engineering News
South African private equity recorded a considerable increase in investment activity in 2018, with the value of new investments and follow-on investments having reached a record R35.4-billion, compared with an annual average of R15.2-billion over the preceding decade, the Southern African Venture Capital and Private Equity Association (Savca) said on Wednesday. READ MORE
Read MoreSAVCA MEDIA RELEASE: Southern African Private Equity Investment reaches record highs
South African private equity exhibited a considerable increase in investment activity in 2018, with the value of new investments and follow-on investments reaching a record-high of R35.4 billion, compared to an annual average of R15.2 billion over the preceding 10 years. Of the investments made during 2018, 17.4% were in the services sector, 17,0% in…
Read MoreSA’s private equity market at strongest average in 10 years | CNBC
Investment activity in 2018 more than doubled its number beating the average rate for the past 10 years. Tanya van Lill, CEO at SAVCA joins CNBC Africa to talk about the latest installment of their Private Equity Industry survey covered here in South Africa. WATCH
Read MoreFor investors, by investors: VC4A and ABAN announce 6th edition of its Africa Early Stage Investor Summit | AESIS
VC4A and ABAN are pleased to announce the 6th edition of the Africa Early Stage Investor Summit (#AESIS2019). The Summit will take place from 13-15 November at Workshop17 at the V&A Waterfront in Cape Town, South Africa. The conference brings together leading investors from Africa and beyond to network, exchange insights, create partnerships and make…
Read MoreThe missing piece in many portfolios | Moneyweb
Earlier this year the chief investment officer of one of the world’s largest pension funds said the fund should increase its allocation to private equity. Yu Ben Meng, who heads up investments at the California Public Employees Retirement System (CalPERS), suggested that the fund’s current 8% allocation is not optimal. What is notable about this…
Read More5 Things All Entrepreneurs Need to Know About Venture Capital Funding in South Africa | SME South Africa
“For many South African SMEs [venture capital] remains theoretical,” VC and co-founder of VC firm, Knife Capital, Keet Van Zyl wrote in an article for SME South Africa. VC firms invest in early-stage, emerging SMEs with high growth potential in exchange for minority equity ownership. Despite some advances in the country’s entrepreneurship ecosystem, venture capital…
Read MoreMEDIA RELEASE: SA Private Equity Proves Resilient in Tumultuous Times, according to the RisCura-SAVCA South African Private Equity Quarterly Report
During the fourth quarter of 2018 – a period that was characterised by extreme currency volatility, political uncertainty, and subdued economic growth – South Africa’s private equity sector continued to exhibit strong performance across all three listed benchmarks (JSE ALSI, FINDI and SWIX) over the five-year period. READ MORE
Read MoreThe 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…
Read MorePrivate equity trends rising to the surface in 2019 | MoneyMarketing
In such a rapidly evolving environment, it’s not always easy to forecast what the future holds, but there are certainly some clues as to what the private equity (PE) industry might expect in the coming year. From evolving skill sets to a rapidly changing investor base, there are a number of emerging trends on the…
Read MoreThe Role of Venture Capitalist (VC) in Driving Job Creation in South Africa | TechInAfrica
Last year, South Africa’s unemployment rate hit 27.1% which means there is a lot to gain from the venture capitalist (VC) industry. The venture capitalist industry does not only empower business development but also allows entrepreneurs to enhance their businesses as well as drive jobs creation and employment opportunities. This opinion made by the CEO…
Read MoreOutlook of the SA fundraising environment| EBnet
Regardless of a challenging economic and political environment in South Africa last year, the outlook for 2019 remains positive, with strong indications of sustained confidence in the local private equity and venture capital industry. This is according to Craig Dreyer, the Chairman of the Southern African Venture Capital and Private Equity Association (SAVCA), who was…
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