Investors in South Africa

Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of – or poorly served by – the financial sector. For more than 50 years, Accion has helped tens of millions of people through its work with more than 90 partners in 40 countries.

Founded in 1948, CDC Group is a Development Finance Institution and is wholly owned by the UK government. CDC's mission is to support the building of businesses throughout Africa and South Asia, to create jobs and to make a lasting difference in the lives of people who live in some of the world's poorest areas.

Medu Capital is a private equity firm specializing in management buy-outs or buy-ins, expansion capital, and replacement capital investments in middle market companies. It also invests in companies seeking to enhance their BEE credentials. The firm invests in consumer goods, services, information technology, general industrials, financial services, and resources sectors. It does not invest in Start-up and early stage and in tobacco, liquor, gambling, and military weapons industries. The firm seeks to invest in companies based in South Africa and the rest of Africa. It prefers to take a board seat and assumes a non-executive role in the company and the subcommittees of the board. The firm seeks to make equity and equity related investments. It seeks to invest between R30 million ($3.89 million) and R175 million ($25.36 million) in its portfolio companies. The firm takes significant minority and/or control positions in portfolio companies, varying from 15% to 80% equity interest. It seeks to exit its investments within seven years. Medu Capital was founded in February 2003 and is based in Johannesburg, South Africa.

Founded in 1973, Nedbank Group is a financial service provider based in South Africa. The firm offers personal banking solutions that includes savings deposits and investment accounts.

Founded in 1984, Ethos Capital is an Illovo-headquartered asset management firm that focuses on investments in small- to-mid-sized financial services, healthcare and technology companies across South African and sub-Saharan African markets.

African Infrastructure Investment Managers is an unlisted infrastructure fund manager focused on South African infrastructure projects. The firm specialises in sectors such as roads, airports, power, telecommunications, rail, ports, water and social infrastructure.

Established in 1995, Global Capital (Pty) Limited (Global) is a boutique Investment Banking and Private Equity firm based and operating in South Africa as well as in Australia. Shareholders of Global Capital include Management and Investec Bank Group. Global Capital manages various funds, both in South Africa and Australia on behalf of institutional and select private investors.

4Di Capital is a venture capital firm specializing in growth capital, seed, startup and early stage investments in the Fintech sector. It seeks to invest in technology with a focus on relatively under-serviced mobile, internet, enterprise software, web, fintech, insurtech, and healthtech verticals. The firm seeks to invest in Southern Africa. It invests between ZAR1 million and ZAR5 million and takes equity between 15 percent to 40 percent in its companies. 4Di Capital is based in Cape Town, South Africa with an additional office in Atlanta, Georgia.

MTN is a JSE-listed multinational company that offers voice and data, mobile financial, enterprise, and digital services. It serves individuals as well as SME, public sector, and corporate clients. The company’s traditional voice and data offerings include voice bundles, data bundles, bonus on recharge, and low-denomination recharge vouchers. Its mobile money product range includes international remittances, savings, lending, and insurance. MTN’s enterprise services are focused on connectivity, communication, cloud, M2M, and enterprise mobility. Through its investments with Rocket Internet AG in Africa Internet Holdings (AIH) and Middle East Internet Holdings (MEIH), MTN aims to to deliver a range of internet services in African continent and in the Middle East, including e-commerce retailing, market place, taxi, travel, classified, and food delivery services. MTN has launched, as part of its entertainment strategy, a host of products and services, including MTN FrontRow: a video-on-demand offering, and MTN Music+: a music streaming and downloading app which aims to promote African music. MTN was founded in 1994 and is headquartered in Johannesburg, South Africa. The company has operations in Afghanistan, Benin, Botswana, Cameroon, Ivory Coast, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo, Rwanda, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen, and Zambia. It has ISP licenses in Namibia and Kenya and a Value Added Service license in Ethiopia.

88mph is no longer investing. It is a venture capital firm specializing in seed, startup, and early stage investments. The firm also runs an accelerator program. The firm seeks to invest in the mobile-web sector. It typically invests in English-speaking African countries with a focus on Nigeria and South Africa. The firm prefers to invest up to $0.1 million per startup. It may also provide follow on financing in some cases. The firm also provides incubator services. 88mph was founded in 2011 and is based in Nairobi, Kenya with an additional office in Cape Town, South Africa.