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2001 Private Equity Survey - South Africa

Political unrest and economic downturn in 2001 had a significant impact on the South African private equity industry, says this survey by KPMG and the Southern African Venture Capital and Private Equity Association. The depreciation of the Rand also added to the problems.

Funds returned to investors exceeded capital raised in 2001. Half of those funds raised were for funds with a focus on early-stage investments. Pension funds remain cautious about investing in private equity, and the flight from emerging markets of US investors has also impacted on the industry. Of the foreign funds raised the majority were from European government and aid agencies. 

2001's survey includes for the first time the focus of funds on black economic empowerment and more international comparatives. There is also a section devoted to measuring private equity activity in BEE. 

Click here to view full report (pdf 1.17mb)

For more information please contact Nick Matthews at nick.matthews@kpmg.co.za or visit the Southern African Venture Capital and Private Equity Association at www.savca.co.za. KPMG is a global network of professional service firms that aims to turn understanding of information, industries and business trends into value. With more than 110,000 people worldwide, KPMG member firms provide assurance, tax, financial advisory and consulting services from more than 830 cities in 159 countries.

© KPMG South Africa

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