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Spotlight on emerging markets a boon for SA's private equity to build another Rain or SweepSouth

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Business moguls like Michael Jordaan who established Montegray Capital that owns stakes in companies like mobile operator, Rain and Bank Zero have created big businesses through venture capital funding.  Photo: Gallo Images
Business moguls like Michael Jordaan who established Montegray Capital that owns stakes in companies like mobile operator, Rain and Bank Zero have created big businesses through venture capital funding. Photo: Gallo Images

The private equity and venture capital industry, which in South Africa was given life by wealthy individuals, including Mark Shuttleworth, former FNB CEO Michael Jordaan and Patrice Motsepe, has over the years grown to billions of rands, reducing its dependency on "super angel investors".

Corporates and development finance institutions are increasingly finding private equity and venture capital an attractive sector to back. Over the years, this helped fund managers in this space raise money to support some startups which grew into big businesses - like Tekkie Town, Libstar and SweepSouth - according to Keet van Zyl, founding partner of Knife Capital.

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