Venture capital is on the rise in South Africa. According to a recent survey by Southern African Venture Capital and Private Equity Association (SAVCA) this year’s total assets under management presents nearly R2-billion (R1.87-billion), with the total value of deals struck valued at R865-million. While these figures are likely to put a smile on stakeholders’ faces, there’s a lot yet to be done to fast-track this sector and ultimately become globally competitive and uplift socio-economic conditions.
Some obstacles in the ecosystem continue to persist, including the inability to establish constructive dialogue between entrepreneurs and fund managers, implement forward-thinking government policy and adapt successful models to foster successful ecosystems around the country.
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