SAVCA in the News
“Back to basics” approach needed for post-COVID recovery
At the recently held SAVCA 2021 Private Equity Conference, a panel comprising industry leaders explored in some depth the ways in which the country can go “back to basics” as the world economy re-opens. Moderated by Prof Nick Binedell from the Gordon Institute of Business Science, the panel consisted of Ben Bierman, Managing Director: Business…
Read MoreCan changes to Regulation 28 be a panacea for our ailing economy?
A group of panellists at the recent SAVCA Private Equity Conference debated National Treasury’s proposed amendments to Regulation 28. The regulation is part of the Pensions Funds Act and limits local retirement funds’ exposure to certain investments to ensure portfolios are well diversified and do not take on undue risk. Tanya van Lill, SAVCA CEO…
Read MoreSAVCA Conference 2021: Re:imagining life after Covid for private assets
The world has changed dramatically since SAVCA held its last conference in 2020 in the unforgettable Stellenbosch region. Covid-19 has forced us all to adapt to a new normal and for SAVCA, this included hosting their annual conference virtually for the first time. The overarching conference theme was re:imagine, an apt idea given how the…
Read MoreSAVCA Conference 2021: Day 2 in review
Day 2 started with our MC Zipho Sikhakhane providing an insightful recap of some of the main themes and learnings from the powerful conversations and debates held on Wednesday. Session 1: PE Re:imagined, the lasting impact of COVID – case studies In the first session of the day, which was moderated by Tanya van Lill,…
Read MoreSAVCA Private Equity Conference 2021: Day 1 in review
A selection of Coffee Conversations The first day of the 2021 annual SAVCA conference kicked off virtually with a number of coffee conversations where delegates were invited to share their views on a range of topics. Sthembile Nkabinde, CEO: Khulasande Capital led a conversation on how PE fund managers can have a positive impact. The…
Read MoreSTATEMENT: SAVCA Responds to 2021 Budget Speech
The Southern African Venture Capital and Private Equity Association (SAVCA) welcomes the announcement that proposed changes to Regulation 28 will be published by National Treasury later this week for public comment, as outlined by Finance Minister Tito Mboweni during the National Budget Speech on Wednesday afternoon. SAVCA has been advocating for changes to Regulation 28…
Read MoreSTATEMENT: SAVCA Responds to State of the Nation Address 2021
The Southern African Venture Capital and Private Equity Association (SAVCA) notes the concerns raised by President Cyril Ramaphosa and the challenges which face our country as we look to the year ahead. Delivering a sobering speech about the challenges which lie ahead of us, the four priorities, as outlined by the president during his speech…
Read MorePress Release: Acquisition of additional interest in ChannelVAS (CVAS)
Convergence Partners is pleased to announce that it has acquired an additional $5 million interest in CVAS, a leading fintech provider of mobile financial services across sub-Saharan Africa and beyond.
Read MoreMedia Release: SAVCA statement on Moody’s and Fitch ratings downgrade on SA
The Southern African Private Equity and Venture Capital Association (SAVCA) notes with disappointment the downgrade of the country by ratings agencies Moody’s Investors Service and Fitch Ratings, further into junk status. In March this year, Moody’s had downgraded SA to BA 1 junk status, not long after the country had entered its hard lockdown brought…
Read MoreMEDIA RELEASE: SAVCA Responds to Medium-Term Budget Policy Statement
The Southern African Venture Capital and Private Equity Association (SAVCA) agrees with the concerns raised by Finance Minister Tito Mboweni and the current economic outlook as outlined during Wednesday’s Medium-Term Budget Policy Statement (MTBPS). While SAVCA welcomes the transparency around the long-term effects of the COVID-19 pandemic and the continued strain which the fiscus is…
Read MorePRESS RELEASE| SAVCA APPOINTS NEW CHAIRMAN
The board of directors of the Southern African Venture Capital and Private Equity Association (SAVCA) is pleased to announce the appointment of Lelo Rantloane as its new chairman. Rantloane, who is the founding CEO of Ata Capital, takes up the position after serving on the SAVCA board for 5 years. He has significant investment banking…
Read MoreMEDIA RELEASE| SAVCA APPOINTS TWO NEW BOARD MEMBERS
The Southern African Venture Capital and Private Equity Association (SAVCA) – the industry body for private equity and venture capital in Southern Africa –welcomes two new directors to its board, following the virtual SAVCA Annual General Meeting (AGM) held on 7 October 2020. SAVCA CEO, Tanya van Lill says that the new appointees – Natalie…
Read MorePrivate Equity in Southern Africa: 7 takeaways from SAVCA’s latest survey
The Southern African Venture Capital and Private Equity Association (SAVCA) published its 2020 Private Equity Industry Survey, which provides insights into the activities and trends in the Southern African private equity industry for the 2019 calendar year. Here are the main takeaways from the survey. Investment activity 1. Decline in overall dealmaking. The value of…
Read MorePRESS RELEASE| SA PRIVATE EQUITY REMAINS FAVOURABLE RELATIVE TO LISTED MARKET
The latest RisCura-SAVCA South African Private Equity Performance Report reveals that the country’s private equity industry has again outperformed listed equity over the medium-term, as of December 2019. The 2019 fourth quarter report, which tracks a representative basket of private equity funds in South Africa, shows outperformance across all three listed benchmarks over the five-year…
Read MorePRESS RELEASE| PRIVATE EQUITY INDUSTRY WELL POSITIONED TO NAVIGATE COVID-19 CRISIS
After experiencing accelerated growth for the last three years, Sub-Saharan Africa is expected to go deep into contractionary territory in 2020. Highlights from the SAVCA 2020 Private Equity Industry Survey, however, indicate that the private equity industry remained resilient in the face of weak macroeconomic circumstances during the 2019 calendar year, which bodes well for…
Read MorePRESS RELEASE: COVID-19 RELIEF SHOULD REACH SMEs
Private equity industry asks Government to ensure COVID-19 Guarantee Scheme gets relief and stimulus to where it is needed most. Many small and medium-sized enterprises (SMEs) breathed a brief sigh of relief in April, when President Cyril Ramaphosa announced a R200 billion Government COVID-19 loan guarantee scheme intended to support businesses with an annual turnover…
Read MorePRESS RELEASE: SAVCA CALLS FOR REGULATION 28 AMENDMENTS TO SUPPORT SA’s ECONOMIC RECOVERY
Private equity and venture capital funds (‘private equity’) play a unique function in the investment marketplace because they are actively involved in growing companies and their workforces. This differentiates private equity from hedge funds, collective investment schemes and other institutional investors, which generally play no active role in the strategic growth of companies. Despite this…
Read MorePrivate 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 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…
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