Public Investment Corporation is a government-owned investment management company based in Pretoria, South Africa, focused on managing investments for the public sector. It serves pension funds and other nationally critical funds, including the Government Employees Pension Fund and various social security, development, and guardian funds. The firm uses a mix of internal and external fund managers to deploy capital and is governed by a board of directors. While owned by the government, it operates in a manner comparable with private-sector asset managers and is one of the largest investment managers in Africa.

The International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. It provides financial services, including loans and equity investments, ranging from $1 million to $100 million, with a focus on projects that drive economic growth and social impact. IFC invests across various sectors such as infrastructure, agriculture, manufacturing, healthcare, education, technology, and financial services.

Old Mutual Limited, established in 1845, is a South Africa-based financial services group offering a wide range of products and services to retail and corporate customers in Africa, Asia, and other regions. The company provides life and savings insurance, property and casualty insurance, asset management, banking, and lending services. It distributes these products through various channels, including independent advisers, branches, bancassurance, direct and digital platforms, and workplaces. Old Mutual's services cater to individuals, small and medium-sized businesses, and corporates, helping them achieve their financial goals while promoting sustainable development.

The African Development Bank is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, established in 1964 to support Africa's economic development and social progress. It funds development projects and programs through loans, lines of credit, guarantees, and equity-like instruments, and provides risk management, treasury services, and trade finance support. It also offers concessional loans and grants, along with technical assistance for project selection, studies, capacity building, and implementation. By mobilizing public and private investment for both sectors, the bank aims to spur poverty reduction, improve living conditions, and foster sustainable growth across African economies.

Investec, established in 1974, is a global financial services company headquartered in London. It operates in four key divisions: Asset Management, Wealth & Investment, Specialist Banking, and Corporate & Institutional Banking. The Asset Management division offers active investment products and services to both institutional and individual investors, spanning global, emerging, and frontier markets across various asset classes. The Wealth & Investment division provides wealth management, portfolio management, private office, and stockbroking services, along with investments, pensions, retirement, and tax planning services. The Specialist Banking division caters to high-income and high net worth private clients, offering private banking, property, and corporate advisory services. Additionally, it provides corporate and institutional banking services, including treasury services, specialized lending, and institutional research sales. Investec serves clients in the United Kingdom, South Africa, Australia, and internationally.

Goodwell Investments is an impact investment firm that provides early-stage to growth capital along with hands-on support to inclusive businesses in Africa and India. It targets sectors including financial services, energy, health, mobility, education, agriculture, water and sanitation, and other basic services that improve livelihoods. The firm seeks minority stakes and offers board representation and advisory services to help portfolio companies scale sustainably. Based in the Netherlands with offices in Amsterdam and Cape Town, it pursues a long-term investment horizon of approximately five to ten years and aims to generate solid financial returns alongside social impact.

Established in 1948, British International Investment is a UK government-backed development finance institution and impact investor. It focuses on long-term economic growth and sustainability in emerging markets by investing in infrastructure, health, agribusiness, and other sectors.

African Infrastructure Investment Managers (AIIM) is a South Africa-based private equity firm specializing in the development and management of long-term infrastructure funds. AIIM invests in unlisted equity across various sectors, including roads, power, telecommunications, and social infrastructure, in East, West, and Southern Africa. With USD1.9 billion in equity under management across seven funds, AIIM actively manages investments, targeting a mix of core and core-plus infrastructure assets, with a focus on renewable energy and ESG considerations.

Enygma Ventures is a venture capital firm based in Cape Town, South Africa, established in 2019. It focuses on early-stage investments in women-led startups within the Southern Africa region. It describes itself as a purpose-driven investor that combines capital with tailored support, leveraging networks to provide expertise, mentorship, and access to local and overseas markets. The firm emphasizes flexible, efficient deployment of capital and aims to be a collaborative partner for entrepreneurs. Its investment thesis centers on diversity and inclusion, targeting sectors such as education and training services, consumer products including food and personal products, and consumer finance, with a preference for businesses that generate social impact alongside growth. The firm draws on experience across Africa, the United States, and Europe to help portfolio companies scale and access markets.

REdimension Capital is a Johannesburg-based financial services provider established in 2021, specializing in venture capital with a primary focus on the built environment. The company adopts an advisory-based approach to foster innovation and sustainability within the real estate sector. As a licensed entity operating under the Financial Advisory and Intermediary Services (FAIS) Act, REdimension Capital is committed to regulatory compliance and maintaining high professional standards. The firm aims to reshape the future of South African real estate by making strategic investments in PropTech and clean technology initiatives. By creating an ecosystem that accelerates innovation, REdimension Capital seeks to contribute to the development of a more sustainable and efficient built environment.

Nedbank is a South African banking group offering a full spectrum of wholesale and retail financial services through its core divisions, including Corporate and Investment Banking, Retail and Business Banking, and Wealth. It accepts deposits, provides lending and credit facilities, and offers payments, treasury, and risk-management solutions, alongside insurance, investment management, and financial planning services. The group serves individuals, small businesses, and government and public-sector clients, while delivering corporate finance, stockbroking, debt advisory, and related market services to corporate customers. With a regional and international footprint, Nedbank operates in South Africa and across other African markets as well as Europe, Asia, and the United States, supported by a network of offices and subsidiaries. The company emphasizes client-focused financial solutions and risk management to sustain growth across sectors including agriculture, infrastructure, energy, mining, and professional services.

Sanari Capital is a South African private investment company established in 2013 and located in Sandton. The firm specializes in growth and expansion investments, partnering with business owners and management teams to develop companies, concepts, and ideas. Sanari Capital focuses on various sectors including B2B commercial services, education and training, food products, environmental services, cybersecurity, software as a service, advanced manufacturing, clean technology, health technology, and e-commerce, among others. The firm's investment strategy is centered on supporting innovative and impactful businesses across the African region.

E4EAfrica, known as Entrepreneurs for Entrepreneurs, is focused on supporting early-stage ventures in South Africa, ranging from pre-series A to scale-up phases. The organization aims to identify and nurture smart entrepreneurs and innovative business ideas that not only have the potential for growth but also contribute positively to the development of South Africa. E4EAfrica's mission is to empower entrepreneurs, fostering an environment where impactful businesses can thrive and help improve the socio-economic landscape of the region.

Established in 2016, Norrsken22 is a Cape Town-based investment firm focusing on growth-stage companies within the tech sector across Africa. The fund prioritizes investments in medtech, ed-tech, and fintech sectors, with a particular focus on key tech hubs such as Nigeria, Kenya, South Africa, and Ghana.

Ethos Private Equity, founded in 1984 and based in Illovo, South Africa, is a prominent private equity firm that has played a pioneering role in the South African market. With a focus on long-term investments, Ethos targets medium-to-large businesses across various sectors, including financial services, healthcare, agriculture, food, manufacturing, mining, information technology, telecommunications, electronics, retail, logistics, construction, and transportation. The firm has successfully invested in over 100 companies, leveraging extensive local networks and international reach to achieve consistent outperformance relative to the stock market. Ethos is independently owned and managed, ensuring that the interests of its investment professionals are aligned with those of its stakeholders. The firm is actively investing from its sixth fund, which represents one of the largest pools of third-party capital in Africa.

Founded in 2019, Raba Partnership is a venture capital firm based in Cape Town, South Africa. It partners with founders of startups and companies building technology solutions for emerging ecosystems across Africa.

European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.

Fedgroup is an independent investment and insurance company based in Johannesburg, South Africa, founded in 1990. The company focuses on smart technology and offers a range of employee benefits and investment plans. Its in-house administration systems are designed to efficiently meet client needs while reducing product costs. Fedgroup's investment offerings are secured by participation bonds, ensuring stability for clients. Additionally, the company provides financial structures that enable business owners and investors to acquire commercial property, thereby facilitating portfolio diversification.

Allan Gray Limited is a privately owned investment management company based in Cape Town, South Africa, with additional offices in Johannesburg. Founded in 1974, the firm focuses on generating long-term wealth for its clients, which include individuals, retirement funds, insurers, trusts, companies, and foundations. Allan Gray manages separate client-focused portfolios in equity, fixed income, and balanced investments, as well as mutual funds. The firm's investment strategy emphasizes value stocks and employs fundamental analysis with a bottom-up stock picking approach. In addition to public equity and fixed income markets, Allan Gray also invests in derivatives, commodities, and property, utilizing in-house research to inform its decisions. The firm benchmarks its portfolio performance against several global indices, ensuring a comprehensive evaluation of its investment outcomes.

4Di Capital is an independent venture capital firm based in Cape Town that focuses on seed and early-stage technology investments across Africa. It backs startups with high growth potential in fintech, mobile, enterprise software, web, insurtech and healthtech, among other technology sectors, and pursues opportunities across Southern Africa. The firm combines capital with mentoring, networks and hands-on support to help founders scale their businesses. Its approach centers on partnering with founder teams with deep domain insight and large market opportunities, aiming to unlock value through collaborative, entrepreneur-friendly finance. The portfolio spans financial services, healthcare, education and related technology sectors, reflecting a focus on fostering technology-enabled companies that can scale regionally.

Standard Bank Group is a leading commercial bank headquartered in Johannesburg, South Africa, with a rich history dating back to 1862. It operates extensively across 18 African countries and in select emerging markets globally. The bank is structured into various segments, including Personal and Business Banking, Corporate and Investment Banking, and Treasury and Capital Management. It provides a wide range of financial services, such as transactional banking, savings, lending, investment, and insurance. Personal and business banking offerings include current accounts, savings products, loans, and electronic banking services for individuals and small to medium enterprises. The corporate and investment banking segment caters to governments, larger corporations, and financial institutions, offering services in foreign exchange, commodities, trade finance, project finance, and wealth management. Standard Bank Group leverages its deep knowledge of emerging markets to deliver tailored financial solutions to its diverse clientele.

Knife Capital is an independent growth equity and venture capital firm based in Cape Town and London. Founded in 2010, it backs innovation-driven ventures with proven traction and helps them scale by accelerating international expansion beyond beachhead markets. Leveraging knowledge, networks, and funding, the firm supports entrepreneurial businesses across Africa to reach new markets and achieve product-market fit, guiding them from early traction to growth. Knife Capital has facilitated exits of local technology companies to major global buyers such as General Electric, Visa, Garmin, and Uber.

Founded in 2011, Bopa Moruo is a mid-market private equity firm based in Sandton, South Africa. It focuses on generating long-term capital appreciation by investing growth, replacement, and transformational capital in established industrial and services companies.

University Technology Fund is a venture capital firm based in Stellenbosch, South Africa, established in 2020. The fund specializes in commercializing technology, intellectual property, and research developed at South African universities. It targets investments ranging from pre-seed to series-A stages, aiming to support innovative projects that emerge from the academic sector. By focusing on university-derived technologies, the fund seeks to bridge the gap between academic research and market application, fostering growth and development within the South African innovation landscape.

Medu Capital, established in 2003, is a Johannesburg-based professional investment management company specializing in private equity. It focuses on sourcing, evaluating, executing, and realizing investments in established South African and African businesses seeking equity risk capital and/or Black Economic Empowerment (BEE) partners. With over R1.6 billion under management, Medu Capital's experienced team has a successful track record across diverse sectors such as healthcare, transport, manufacturing, and retail. The company's owner-managed structure enables quick decision-making and efficient deal execution. Medu Capital is majority Black-owned and managed, promoting transformation in South Africa's investment landscape.

Crossfin Technology Holdings is a principal investment firm based in Cape Town, South Africa, with additional offices in Durban and Johannesburg. Founded in 2017, the firm focuses on investing in Fintech companies, particularly those situated in Africa. Crossfin aims to foster economic growth by supporting both high-growth startups and established businesses that generate cash flow. The firm seeks to provide investors with diverse exposure to technology investments within the Fintech sector, contributing to the development and advancement of financial solutions across the African continent and beyond.

Silvertree Capital is a venture capital firm based in South Africa that focuses on incubation, seed, startup, and early-stage investments, primarily in the online and mobile sectors. The firm targets business models that are simple or proven, emphasizing B2C e-commerce and B2B2C sales while investing in growing markets across South Africa, Nigeria, and Kenya. Silvertree Capital utilizes the personal capital of its management and balance sheet investments to fund its initiatives. As a subsidiary of Silvertree Internet Holdings, it aims to leverage technology to efficiently reach African consumers, operating by launching, managing, and investing in companies that take advantage of the digital landscape. The firm seeks to create operational synergies among its portfolio companies, fostering a disciplined approach to capital efficiency and growth.

Google for Startups is an initiative supporting global startups. It offers access to Google's products, connections, and best practices through a network of partners in over 135 countries. The program aims to help determined startups succeed.

Quona Capital is a venture capital firm that invests in fintech companies in emerging markets, focusing on financial inclusion for underserved consumers and small and medium-sized enterprises. The firm backs startups developing financial products and services beyond microcredit, including alternative lending, remittances, insurance, prepaid services, and payments infrastructure, as well as software that enhances distribution, financial management, and online bill payments. It targets companies leveraging digital platforms to expand access to banking and financial services in Sub-Saharan Africa, India and Southeast Asia, and Latin America. Typical investments range from about 1 to 10 million. Founded in 2014 and based in Washington, DC, with additional offices in Bengaluru, Lima, Cape Town, and Mexico City, Quona Capital aims to fuel inclusive fintech and related adjacencies such as agriculture, healthcare, education, commerce, and mobility finance.

Baobab Network is an accelerator for early-stage technology ventures operating across Sub-Saharan Africa, with offices in Nairobi, South Africa, Nigeria and London. It supports startups by providing funding, guidance and a growth platform in exchange for equity, helping companies scale through mentorship and access to resources. The organization connects early-stage businesses with talent and investors worldwide, offering leadership development programs, planning and consulting services, entrepreneurship training, and talent recruitment. It helps startups with strategy design, resource planning and utilization to improve revenue and pursue finance more effectively. Baobab Network concentrates on enabling technology-driven companies across the continent to accelerate growth and reach international markets through its global network.

Founded in 2016, Kalon Venture Partners is a venture capital firm based in Johannesburg, South Africa. It invests in high-growth technology companies with innovative business models, focusing on sectors such as banking, insurance, retail, media, and entertainment.

Established in 1989, RMB Corvest specializes in private equity investments, focusing on management buy-outs (MBOs), management buy-ins (MBIs), and Broad-Based Black Economic Empowerment (B-BBEE) transactions. The firm targets established businesses with a proven track record of solid performance across various sectors.

RMB Ventures Limited, established in 1995 and based in Johannesburg, South Africa, is a private equity firm focused on medium to large leveraged buyouts and management buyouts, among other investment strategies. The firm does not engage in startup or seed investments, instead targeting later-stage, mature, and turnaround companies across various sectors, excluding primary mining, primary agriculture, farming, and property. RMB Ventures primarily invests in South Africa, East Africa, and West Africa, seeking investments ranging from ZAR 100 million to ZAR 750 million in companies with a minimum enterprise value of ZAR 300 million and minimum EBITDA of ZAR 50 million. The firm actively supports Black Economic Empowerment (BEE) initiatives, facilitating stakeholder acquisitions in both firm-led management buyouts and independent deals. RMB Ventures typically acquires ownership stakes between 20% and 80% in its portfolio companies and has completed over 40 transactions since its inception. Its affiliation with Rand Merchant Bank allows for comprehensive access to investment banking services, enhancing its investment capabilities.

Lireas Holdings, established in 1988, is a private equity firm headquartered in Johannesburg, South Africa. It specializes in investing in insurance and insurance technology companies, providing start-up, acquisition, and expansion capital. Lireas prefers majority stakes and focuses on both direct investments and fund of funds, with a preference for South Africa-based companies. It uses its own capital and balance sheet, along with dividends from other investments, to fund its activities.

Mineworkers Investment Company, founded in 1995 and based in Johannesburg, South Africa, is a private equity firm that focuses on investing in long-term cash-generative assets. The firm targets a diverse range of sectors, including industrial products, financial services, media, information technology, and education. Through its strategic investments, Mineworkers Investment aims to support the growth and development of companies within these industries.

Global Capital (Pty) Limited is a boutique investment banking and private equity firm established in 1995, operating in both South Africa and Australia. The firm is partly owned by its management team and Investec Bank Group. Global Capital specializes in managing a range of funds for institutional clients and select private investors, focusing on tailored investment strategies that align with the needs of its diverse clientele.

54 Collective, established in 2018, is a South Africa-based venture capital firm that invests in and supports African tech startups, primarily focusing on sectors such as fintech, health tech, agritech, logistics, and e-commerce. The company provides catalytic capital alongside value-add support and leverages its global network to help founders scale their businesses. 54 Collective, a business-focused investor, integrates impact considerations into all its operations, aiming to generate returns for investors while enabling entrepreneurs to grow their ventures.

Secha Capital is a patient capital holding company based in Johannesburg, South Africa, focused on investing in small and medium-sized enterprises (SMEs) across the African continent. The company primarily targets early-stage ventures in industries such as agriculture, healthcare, cleantech, technology, and advanced manufacturing. Secha Capital aims to make investments ranging from approximately USD 0.35 million to USD 2 million, with a typical investment horizon of five to ten years. In addition to financial returns, the company emphasizes making impact investments that contribute to job creation and sustainable development in the regions it serves.

PayPal, established in 2002, is a leading global digital payment platform that facilitates transactions between consumers and merchants. With over 375 million active users across 200 markets, PayPal enables users to send, receive, and withdraw funds, as well as make and accept payments online and in-store. It partners with a wide range of businesses, from small online stores to large e-commerce platforms, including Anyway Any Day, Ozone.ru, and Aeroexpress in Russia, where it launched in 2013. PayPal's mission is to make financial services more accessible, affordable, and secure, thereby empowering individuals and businesses to participate in the global economy.

Inspired Evolution Investment Management is a Cape Town-based private equity and venture capital firm focused on sustainable environmental and energy technologies in Sub-Saharan Africa. It targets equity investments across multiple growth stages, often as a lead investor seeking significant minority or majority stakes and board representation. The firm concentrates on clean energy and resource efficiency, including energy generation, water treatment, waste management, green chemistry, and related sectors, with additional exposure to sustainable agriculture, ecotourism, and green real estate. The geographic focus spans Southern Africa and broader Sub-Saharan Africa, with activity in countries such as Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda, Zambia and neighboring states. Inspired Evolution operates through a multidisciplinary team to deliver returns aligned with social and ecological outcomes, and maintains offices in Cape Town and internationally in Grand Baie, Mauritius; Abidjan, Ivory Coast; Nairobi, Kenya; and London, United Kingdom.

88mph is a venture capital firm and accelerator founded in 2011, with headquarters in Nairobi, Kenya, and an additional office in Cape Town, South Africa. The firm specializes in seed and early-stage investments, primarily targeting the mobile-web sector. It focuses on English-speaking African countries, particularly Nigeria and South Africa, and typically invests up to $100,000 in startups. In addition to funding, 88mph offers a three-month accelerator program that provides startups with essential resources, including mentorship on product development, market strategies, company structure, and scalability. The firm aims to enhance the growth prospects of early-stage technology companies by leveraging its network of founders, investors, and industry professionals.

JPMorgan Chase & Co. is a global financial services company headquartered in New York, offering a wide range of financial solutions across four main segments. The Consumer & Community Banking segment provides various deposit and investment products, lending services, and payment solutions to consumers and small businesses. The Corporate & Investment Bank segment focuses on investment banking, capital-raising services, and risk management solutions for corporations and institutions. In the Commercial Banking segment, the company delivers financial services such as lending and asset management to businesses and governmental entities. Meanwhile, the Asset & Wealth Management segment offers investment management and wealth advisory services across various asset classes. Founded in 1799, JPMorgan Chase also provides modern banking services, including online and mobile banking, to enhance customer accessibility and satisfaction. The company is committed to identifying client needs and delivering innovative solutions that benefit both its clients and the broader community.

Naspers, established in 1915, is a South Africa-based global internet group operating in over 120 countries. It invests in and builds companies that empower people and enrich communities, focusing on markets with long-term growth potential. Naspers' portfolio spans various sectors such as online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. It has invested in, acquired, or built companies like Azos, PharmEasy, ElasticRun, Alwans, and Vegrow, among others, which provide products and services used by people worldwide.

Vantage Capital, established in 2001, is a South Africa-based independent private equity firm. It manages funds for its own account and third parties, focusing on growth-stage buyouts and investments across various sectors, including technology, industrials, and financial services. As one of the few remaining black-controlled, independent private equity firms in South Africa, Vantage Capital is committed to responsible investing and diversity.

Makalani Management Company (Pty) Ltd, founded in 2005 and headquartered in Johannesburg, South Africa, is a private equity firm specializing in mezzanine financing. The firm manages a significant mezzanine asset portfolio and focuses on deal origination, debt structuring, and portfolio management. Makalani primarily invests in Black Economic Empowerment transactions, targeting large corporate projects, transformational infrastructure, affordable housing, small, medium, and micro-enterprise development, and emerging agriculture, in alignment with the Financial Sector Charter. With a minimum investment threshold of R25 million, the firm predominantly utilizes mezzanine instruments and subordinated debt, although it can also engage in other financial instruments. Currently, Makalani is in the process of raising capital for a second mezzanine fund, aiming to enhance its investment capacity. The firm has established a presence in multiple locations, including an office in Windhoek, Namibia, and London, United Kingdom, and is focused on generating returns for its investors through strategic investment exits within a defined timeframe.

Transaction Capital specializes in non-deposit taking financial services, focusing on higher-risk market segments. It offers vehicle financing, customer management solutions via its fintech platform, business support finance for SMEs, accounts receivables collection, payroll and HR services, payment solutions, and personal credit information services. The company operates in South Africa and Australia, aiming to provide tailored financial solutions to underserved markets.

Agile Capital, established in 2015 and headquartered in Johannesburg, South Africa, is a private equity firm specializing in buyout investments. It targets companies across diverse sectors in the South African market, focusing on those with a proven operational history and significant growth potential. The firm typically invests a minimum of ZAR 50 million per transaction.

EXEO Capital is an African asset management and private equity firm that serves as an investment partner focused on building and growing companies. Founded to pursue venture and mid-market opportunities, it targets sectors across South Africa and the continent, including food and agribusiness, non-food fast-moving consumer goods, supply chain and logistics, health and wellness, private education, household goods, media, specialized financial services, and industrial services. The firm emphasizes active value creation to support portfolio companies through strategic guidance, operational improvements, and growth initiatives.

Santam is a South African general insurance group offering a range of policies against property damage, motor incidents, loss of income, crop losses, and catastrophe events, as well as reinsurance. The company aims to mitigate risk and protect financial wellbeing, with insured losses paid from premiums that are invested to support claims.

Jozi Angels is an angel network located in Johannesburg, South Africa, dedicated to enhancing the startup ecosystem and fostering the growth of innovative startups. The organization connects approved investors with early-stage companies, providing both capital and mentorship tailored to the investors' professional backgrounds. By aggregating resources and expertise, Jozi Angels enables larger investments and diversifies risk while facilitating effective deal sourcing and screening. The network also emphasizes the importance of community among its members, encouraging camaraderie and shared goals. Through their initiatives, including investments, events, and educational opportunities, Jozi Angels actively contributes to the development of South Africa's emerging innovation economy.