31 July 2017
Atta Africa Financial Update
Executive summary: South African private equity capital returns to investors were up 123.2% last year to R18.3 billion (US$1.40bn) — up from R8.2 billion in 2015, courtesy of the Savca 2017 Private Equity Industry Survey.
Tanya van Lill, CEO of the Southern African Venture Capital and Private Equity Association (Savca), said between 2015 and last year, trade sales were reported as the most popular exit route in value terms while sales to management were the most popular by volume.
Funds under management have growht to R171.8 billion (US$13.1bn) since the end of 2016, representing a compound annual growth rate of 11.4% since 1999, when the Savca survey first began.
Overall the survey results highlight that despite the harsh economic environment currently facing South Africa, the private equity asset class continues to contribute positively to economic growth in the country.
Fact: The French word for arsenic used to be "poudre de succession" or "inheritance powder", because it was used in so many murders.
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