SA Private Equity fundraising activity surges to a 13-year high
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GUEST: Tshepiso Kobile, CEO of South African Venture Capital and Private Equity Association (SAVCA)
Despite growing concerns about the turbulent macroeconomic outlook, the high-interest rate environment and fundraising challenges, Southern Africa’s Private Equity (PE) industry has surged forward. With 2024 being referred to as the ‘ultimate election year’ on both local and global fronts, PE firms were called to navigate their way through a frenzied economic climate in the lead up to voting day and beyond. Still, business sentiment remained positive heading into the new year, with fundraising activity rising to a 13-year high.
Despite growing concerns about the turbulent macroeconomic outlook, the high-interest rate environment and fundraising challenges, Southern Africa’s Private Equity (PE) industry has surged forward. With 2024 being referred to as the ‘ultimate election year’ on both local and global fronts, PE firms were called to navigate their way through a frenzied economic climate in the lead up to voting day and beyond. Still, business sentiment remained positive heading into the new year, with fundraising activity rising to a 13-year high.
