According to the 2018 Private Equity Industry Survey undertaken by the Southern African Venture Capital and Private Equity Association (SAVCA), private equity investment has more than doubled in southern Africa. In addition, venture capital investment in the region has reached a new record high, exceeding the R1bn mark for the first time, according to Craig Dreyer, chairman of the SAVCA board.
The South African investment environment is at the forefront of the country’s news agenda, with President Cyril Ramaphosa’s recent efforts to boost investor confidence and enhance international investment. SAVCA says that one of its main goals is to show how private equity and venture capital can play a vital role in growing the economy, particularly when it comes to job creation – and it has just made new board appointments to drive its ongoing strategy.
Langa Madonko, investment principal for investor relations and capital raising at Summit Africa, and Rory Ord, head of unlisted investments at 27four Investment Managers, have been appointed as board directors, while an existing director, Yvonne Maitlin (co-founder and CEO of One Africa Capital Partners), has been reappointed to the board.
“The SAVCA board comprises individuals with decades of combined industry experience, boasting the best of the se asset classes have to offer. We are confident that, guided by such a diverse board, we are well placed to achieve our goals as an association,” said SAVCA CEO Tanya van Lill.