South African Venture Capital: Exit Reports
Two new studies by the SA SME Fund, Endeavor South Africa and SAVCA provide compelling evidence that local venture capital can deliver both meaningful investor returns and broader economic impact. Together, they show that South African venture-backed scale-ups are generating successful exits, while the asset class itself is producing realised returns broadly consistent with more mature international venture capital markets.
South Africa VC Exit Case Studies
A selection of Case Studies
An analysis of 18 South African venture capital–backed exits from 2014 to 2026 — the investor returns delivered and the jobs, financial inclusion, and innovation created along the way.
0
VC-BACKED EXITSR0Bn
MEDIAN VALUATION AT EXIT0%
MEDIAN GROSS IRR0+
DIRECT JOBS CREATED
South African Venture Capital: Exit & Performance Analysis
Venture Capital Asset Class study
An analysis of South African venture capital exit and performance data, drawn from the 2026 SA SME Fund/Endeavor/SAVCA Exits case study data and the annual SAVCA VC survey.
THE MARKET · 2016–25
R0Bn
TOTAL CAPITAL INVESTED0
PORTFOLIO COMPANIES FUNDEDREALISED PERFORMANCE · 2009–26
0
REALISED EXITS ANALYSEDR0Bn
REALISED PROCEEDSFully disclosed deals
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REALISED MOICFully disclosed deals
SAVCA Surveys
Private Equity Survey
Insights into the Southern African Private Equity Industry
The definitive annual overview of private equity activity across Southern Africa for the previous calendar year, delivering trusted data on fundraising, investments, exits, and assets under management. Widely regarded as a benchmark industry resource, the report offers valuable insights into market trends, sector activity, and the broader role of private equity in supporting business growth and economic development across the region.
Venture Capital Survey
Insights into the Southern African Venture Capital Industry
A comprehensive annual view of venture capital activity across Southern Africa, highlighting investment trends, funding patterns, and developments within the startup ecosystem over the previous calendar year. This report provides essential insights into how venture capital supports innovation, entrepreneurship, and high-growth businesses, while tracking the continued evolution of the region’s venture landscape.
Remuneration Survey
Our Annual Remuneration Survey delivers trusted, industry-specific benchmarks and insights into compensation and reward practices across the venture capital and private equity sector. Compiled from member-submitted data and available exclusively to participants, it supports informed decision-making, talent retention, and competitive remuneration strategies.
SAVCA Publications
Private Capital Magazine
Insights into the Southern African Private Equity Industry
The definitive annual overview of private equity activity across Southern Africa for the previous calendar year, delivering trusted data on fundraising, investments, exits, and assets under management. Widely regarded as a benchmark industry resource, the report offers valuable insights into market trends, sector activity, and the broader role of private equity in supporting business growth and economic development across the region.
Research
Asset consultants insights summary report
A report prepared for SAVCA | Executive Summary
In this report, we present the findings of research based on interviews with senior asset consultants who advise a significant share of South African institutional assets. Interviews were conducted on a confidential basis and covered perceptions of the asset class, allocation constraints, data and benchmarking challenges, transformation considerations and views on SAVCA’s role.
#InvestingForGrowth
How do private equity and venture capital investors affect South Africa, and how do they fit into professional investor portfolios? The Investing for Growth section brings together independent research, insights, and practical resources that explore the impact of private capital on South Africa’s public policy priorities and long-term economic growth, while also outlining the investment case for including private equity and venture capital within diversified portfolios – helping you better understand one of the most dynamic areas of the investment industry where we are proudly #InvestingForGrowth.
Private equity and venture capital in South Africa
A study of the role of private equity and venture capital in delivering on public policy objectives
A report independently produced by research house, Intellidex. It primarily focuses on how South Africa’s national policy objectives are affected by the activities of the private equity and venture capital industry. From creating jobs to improving the country’s competitiveness, the industry touches on many of our shared national goals.
Private equity and venture capital in South Africa
Assessing the case for institutional investment
A report aimed at professional investors and pension fund trustees. It outlines the role the asset class plays in portfolios, detailing the risk and return features of the asset class as well as its sustainability characteristics. It also examines how investors should assess private equity firms and the performance of their investments.
