Media & News

SAVCA Newsletter | 10 June 2014

Dear members and friends

SA Private Equity industry now at R162bn

The past week has been a busy one with the launch of the SAVCA-KPMG Private Equity Industry Survey, with events held in Johannesburg and Cape Town. This year marks the fourteenth collaboration between SAVCA and KPMG on this survey, which is recognised as one of the most detailed of its kind globally. The quality of information in this report is thanks to SAVCA members’ dedication in completing the rigorous survey questionnaire.

The survey gives a comprehensive annual picture of development in the domestic private equity industry. The uptick in funds under management – growth of 17% to reach R162.2 billion in 2013 – reflects a growing investor appetite for private equity as an asset class.

SAVCA would like to thank AfrAsia Bank and GIBS for hosting the Johannesburg leg of the survey launch, on 3 June 2014. The robust discussion on African dealmaking gave an overall optimistic picture of opportunities on the continent – for those brave enough to seize them. Thanks in particular to Colin Coleman, the MD of Goldman Sachs Southern Africa, Nick Binedell, Founding Director of GIBS, Garth Towell, former MD of Kimberly Clark South Africa, Ryan Collier-Wood, Director and Head of Corporate Finance at AfrAsia and Mzi Mjekevu, Vice President of Barclays Corporate Development, for creating a scintillating conversation and keeping a large audience on the edges of their seats.

The Cape Town launch of the SAVCA-KPMG Private Equity Industry Survey was also well attended, with the guest list including friends from national and local government, longstanding SAVCA members, newcomers and prospective SAVCA members.

Hardcopies of the SAVCA Members’ Directory were distributed at both events. If you missed out, contact the SAVCA office about getting your own copy. Alternatively, visit your local Exclusive Books, CNA and Spar, where you’ll find the SAVCA Members’ Directory bagged with this month’s edition of Entrepreneur Magazine.

Members and non-members are reminded about the SAVCA-GIBS Three-Day Foundation Programme in Private Equity, which will run on 6-8 August 2014 at GIBS. This unique programme presents all the elements of private equity as practiced in Southern Africa, from the pre-investment and investment stage, to post-investment considerations and exits. Experienced private equity practitioners, advisors and institutional investors give their views, practical experiences, research outcomes and case studies. Registrations are coming in briskly and seats are limited, so we encourage you to secure your place soon.

Thank you to those members who keep us updated with their news, whether deal announcements, opinion pieces, staffing changes and media mentions. Keep checking the SAVCA website to find new research, industry updates, upcoming events and links to SAVCA members in the news.

Erika van der Merwe

SAVCA Events

Private Equity Accounting Crash Course (JOHANNESBURG)
Presenter: Mariya Stefanova, Partner: Private Equity Accounting Insights
Date:   25-27 June 2014
Venue: Regus Sandton, Nelson Mandela Square (subject to change, depending on numbers)
Cost:    Day 1 & 2 (theory): £2,189.89; Day 3 (practical exercises): £1,089.89
Day 1, 2 & 3 (theory + practical exercises):   £2,889.89
15% discount for SAVCA members; 50% multiple-delegate discount
Registration and further details:

SAVCA-GIBS Three-Day Foundation Programme in Private Equity
Dates:  6-8 August 2014
Venue: Gordon Institute of Business (GIBS), 26 Melville Road, Illovo, Johannesburg
Cost:    R8 500 for SAVCA members; R9 500 for non-members
Click here for further information and to register

Keep up to date with all our events and courses on our online calendar.

Research and publications

The SAVCA-KPMG Private Equity Industry Survey 2014 is now available – please visit the SAVCA website for the full report and media coverage.  You are also welcome to collect a hard copy from our offices. For a look at the SAVCA member base featured in the SAVCA-KPMG industry survey, have a look at the SAVCA Members’ Directory 2014.

Those interested in investing for social good should have a look at a new report published on the AVCA website. Written by Bridges IMPACT+, the report titled Impact Investing: A Strategy of choice for African Policymakers gives an excellent overview of impact investing on the continent.

SAVCA in the news

Press release: KPMG/SAVCA 2014 Industry Survey Indicates growing investor demand for private equity

SA private equity market grows 17% on back of PIC investment I Engineering News

Private equity staging a comeback I Moneyweb

Private equity returns keep pace with listed indices I Insurance Times

KPMG-SAVCA: PE in SA expands by 17% in 2013 I Africa Asset Management

Interview with SAVCA CEO and Head: Private Equity Markets, KPMG talk about private equity deals in 2013 and expected deal flow this year I Business Day TV

SACVA CEO and Head: Private Equity Markets KPMG on SAVCA-KPMG Industry Survey 2014 I CNBC Africa

SAVCA CEO interviewed on the SAVCA-KPMG Survey 2014 I Power FM

SAVCA CEO interviewed on SAVCA-KPMG Industry Survey 2014 I RSG Geldsake met Moneyweb

Die twee gee die meeste vir private beleggings | Beeld en Burger

SAVCA CEO interviewed on the private equity and venture capital landscape in SA I Ballz Radio

SAVCA members in the news

Carlyle private equity fund eyeing investments linked to emerging middle class I How we made it in Africa

Phatisa’s pan-African housing fund teams up with Africa Reit I How we made it in Africa

Former FNB, Vodacom CEOs join Invenfin board I Human IPO

COMESA Merger Control: Overview by King&Wood Mallesons SJB I SAVCA

DPI’s pan-African private equity fund takes US$20 million stake to build education across Africa I SAVCA

Industry News and Insights

Private Equity to Drive Black Economic Empowerment I Engineering News

PIC CEO Elias Masilela resigns I Reuters Africa

SA is a haven for business – government | Fin24

Entrepreneurship: Economic growth boosted by entrepreneurial development I Finweek

AA private equity owners speed to exit through IPO I Reuters UK

Co-investment catching on in European private equity I

KKR Buys rose farm in first Africa deal I Wall Street Journal

Just 3% of venture capitalists are female, but there are reasons to be Optimistic I

Bitcoin grows from venture capital investment I

Positions in Private Equity

SAVCA is advertising an administrator post. For more information about the position please email

Contact to advertise an opening at your firm on our online jobs portal.

Advertising with SAVCA

SAVCA welcomes the opportunity of working with members and stakeholders in promoting the Southern African private equity and venture capital industry. The organisation constantly seeks creative ways of doing so, including through the marketing member firms’ activities. Should you wish to find out more about various marketing and advertising opportunities with SAVCA, contact the office on

Contact the SAVCA office with any queries: