Evolution One Fund reaches Final Closing at R700 million
(09 Jun 2010)
South Africa’s first, specialised, private equity clean technology fund, Evolution One Fund (“Evolution One”), has reached its Final Closing milestone having raised ZAR700 million ($US94 million) in capital from local and foreign investors, including supranational and sovereign wealth funds. This capital will be dedicated to equity investments into a suite of clean technology projects and enterprises including new energy and environment focussed technologies located in South Africa and across Southern African Development Community (“SADC”) countries.
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SAVCA launches VC industry survey
(31 May 2010)
Not enough is known of the exact nature of, scope, impediments, and opportunities and associated data regarding VC activity in South Africa, to this end SAVCA is launching a survey on VC fund managers and their investment activity in South Africa. With an aim to a. Begin to inform an understanding of the structural strengths and weaknesses of the South African VC system; b. Provide strategic guidance for VC Funds, TIA and other government interventions in the space (including the VC/SME tax incentives that have recently been promulgated); and c. Provide empirical data for South African inventors, institutional and other, on the VC industry.
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2010 SAVCA KPMG industry performance survey released which shows Private Equity sector shows signs of being down, but far from out
(19 May 2010)
Despite a decrease of 2.6 percent in the volume of funds in the South African private equity sector from 2008 to 2009, the funds under management (excluding undrawn commitments) still reflected a healthy balance of R107 billion as at 31 December 2009.
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SAVCA Full and Associate membership fees for 2010
(07 Dec 2009)
The Full and Associate membership fees for 2010 will increase by inflation (these membership fees have remained unchanged since 2007), the fees for full membership are still calculated as a function of the higher of cumulative costs of investments made or funds under management by SAVCA full members
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South African PE and VC investee managers ‘paint’ positive picture for private equity investment locally
(10 Nov 2009)
The results of the first edition of the DBSA and SAVCA’s ‘Economic Impact of Venture Capital and Private Equity in South Africa 2009 Study’ concluded that aside from the growth benefits of private equity, this form of financial assistance also contributed to economic efficiency and innovation.
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Saine (South African Innovation Network)
(15 Sep 2009)
SAVCA has assisted with the establishment of Saine, a vision born out of the realisation and belief that South African innovation is unique. It is context driven to fit the South African landscape and geared to enable us to compete with the best in the world as far as innovation and creativity is concerned. Saine will provide a platform for learning, sharing and talking innovation. It aims to activate the triple helix principle in South Africa where government, academia and industry come together and collaborate to find new solutions and create real value in the country. This network could become the ultimate innovation standard-setting platform in South Africa.
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The Emerging Markets Private Equity Forum
(14 Sep 2009)
3-4 November 2009
Merchant Taylors' Hall, London
Join senior practitioners from more than 40 countries around the world at the fifth annual PEI/EMPEA Emerging Markets Private Equity Forum.
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SAVCA’s approaches to the FSB on FAIS Exemptions
(17 Aug 2009)
The SAVCA Regulation Sub-committee with help from Webber Wentzel, after obtaining approval from the SAVCA Board, met with the FSB on 13 August to seek clarification as to the application of the Financial Advisory and Intermediary Services Act (FAIS) to private equity and venture capital funds, as well as to apply for an exemption of private equity and venture capital advisors from compliance with the provisions of the FAIS Act and subordinate legislation.
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Private equity shows growth despite economic down turn
(19 May 2009)
SAVCA and KPMG today released the annual Industry Performance Survey reporting on the 2008 calendar year. The survey shows that South Africa’s private equity industry breached the R100 billion mark for the first time during 2008, despite the global economic meltdown and a slowdown in local merger and acquisition activity. In addition, R29.2 billion in commitments remain undrawn and can be used for further investment.
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SuperReturn Emerging Markets
(04 May 2009)
SAVCA members will receive 15% discounts at the SuperReturn Emerging Markets in Geneva 29 June to 2 July
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