The South African private equity industry delivered a 10-year (in Rand terms) internal rate of return of 12.9% at September 2017, according to the latest Q3 2017 RisCura-SAVCA South African Private Equity Performance Report.
PE Industry News
The success of real estate investment trusts (REITs) in South Africa, where the market is currently valued at $16.1bn, has prompted a number of other countries, including Kenya, Morocco and Rwanda, to introduce REIT legislation of their own.
AfricInvest, a pan-African private equity firm, has announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Investisseurs & Partenaires, an impact investment fund dedicated to SMEs in Africa, has obtained the B Corp certificate, a prestigious certification meeting the highest standards of social and environmental performance, transparency and accountability.
South African private equity performance relative to listed markets remains positive, according to the latest Q2 2017 RisCura-SAVCA South African Private Equity Performance Report.
GuarantCo and InfraCo Africa have opened their first Africa office, which will cover East and Southern Africa from Nairobi, Kenya.
The Abraaj Group and the International Federation of Red Cross and Red Crescent Societies (IFRC), have signed a Memorandum of Understanding to provide education, primary care interventions and more complex treatment for NCDs, communicable diseases and mother/child healthcare.
The South African Minister of Economic Development has published official government notices confirming changes to the merger notifiability thresholds and the merger filing fees payable to the South African Competition Commission for large and intermediate merger notifications.
Knife Capital, a venture capital firm, has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor.
The Housing Impact Fund South Africa (HIFSA), managed by Old Mutual Alternative Investments, contributed R6.4bn in new business sales which equates to R2.5bn in GDP to the South Africa economy in 2016.
The PRI has launched guidance on the incorporation of ESG provisions in private equity fund terms, the result of a year-long consultation with PRI signatories, expert counsel and industry associations.
Grotech, a Section 12J Venture Capital company in South Africa, has rebranded as Kalon Venture Partners.
Milost Global, an American private equity firm headquartered in New York, has announced the formation of a subsidiary company in Africa, Milost Bank Africa Limited (MBAL).
Actis, an investor in growth markets, has launched Honoris United Universities, the first African private higher education network bringing together the leading tertiary education institutions in North and Southern Africa.