The Public Investment Corporation (PIC) is a government-owned investment management company in South Africa, established in 1911. It exclusively serves the public sector, managing funds for public bodies that include pension, provident, social security, and guardian funds. As one of Africa's largest and most successful investment managers, PIC operates with a diversified portfolio that encompasses various asset classes, including listed and unlisted equities, bonds, properties, and cash. The corporation's investment strategy incorporates both in-house and externally managed assets, with a focus on maximizing returns for the public sector while adhering to responsible investment principles. Through its comprehensive approach, PIC plays a crucial role in supporting the financial sustainability of public institutions in South Africa.
The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.
Investec is a financial services company founded in 1974 and headquartered in London, United Kingdom. It operates in multiple regions, including South Africa, Australia, and internationally, through three key divisions: asset management, wealth and investment, and specialist banking. The asset management division offers active investment products across global and emerging markets, catering to both institutional and individual investors. The wealth and investment division focuses on providing comprehensive wealth management services, including portfolio management, tax planning, and stockbroking for high-net-worth clients. The specialist banking division delivers a range of banking solutions, including private banking, corporate and institutional banking, and corporate advisory services. Investec serves diverse clientele, including individuals, businesses, and corporations, with a commitment to offering tailored financial products and services designed to meet their specific needs.
Nodus Equity is a private equity firm based in Illovo, South Africa, specializing in investments in established, medium-sized businesses during their expansion to mature stages. The firm specifically targets companies with an enterprise value below ZAR500 million and an EBITDA exceeding ZAR10 million per year, making investments ranging from ZAR5 million to ZAR35 million. Nodus Equity does not engage with start-ups or businesses in the agriculture, mining, or property sectors. It primarily seeks to acquire equity stakes of 10% to 49%, often preferring a majority stake, and aims to secure board and executive committee representation within its portfolio companies. The firm focuses on mid-market, leveraged buyouts, and management buyouts, facilitating partial exits and cash realizations for business owners.
Standard Bank Group, founded in 1863 and headquartered in Johannesburg, South Africa, is the largest bank in the country. With a strong presence in 17 African nations and operations extending to 16 countries outside the continent, the bank focuses on providing a range of banking and financial services. Its expertise in emerging markets, combined with a global perspective, allows Standard Bank to effectively serve a diverse clientele. The institution’s extensive knowledge of the African market positions it as a key player in the region's financial landscape.
Raba partners with founders from leading start-ups and companies building technology companies solving hard problems in emerging ecosystems in Africa. Raba is backed by a select group of venture capitalists, technology entrepreneurs, and families who have built global businesses across a wide range of industries.
4Di Capital is a venture capital firm based in Cape Town, South Africa, with a focus on seed to early-stage investments primarily in the technology sector. Established in 2009, the firm targets high-growth opportunities within the fintech, healthtech, enterprise software, and other technology-related industries across Southern Africa. 4Di Capital invests amounts ranging from ZAR 1 million to ZAR 49.3 million, acquiring equity stakes between 15 percent and 40 percent in its portfolio companies. The firm's approach emphasizes nurturing capital, providing not only financial support but also mentorship and access to valuable networks to help entrepreneurs reach their full potential. With an additional office in Atlanta, Georgia, 4Di Capital employs best practices tailored to the local market to foster the growth of innovative startups.
Futuregrowth Asset Management, established in 2000, is a South Africa-based asset management firm focused on providing financial services to individuals, insurance companies, financial intermediaries, and mutual fund companies. As a member of the Old Mutual Investment Group, Futuregrowth emphasizes the development and empowerment of South Africa and its people, with a commitment to making a meaningful impact through its investment offerings. The firm operates as a licensed Financial Services Provider, aiming to contribute positively to the local economy and society.
Old Mutual is an international financial services group that offers a comprehensive range of financial solutions, including life assurance, general insurance, asset management, and banking services. With a history spanning over 175 years, the company serves a diverse clientele, including individuals, small and medium-sized businesses, and corporations across various regions, including Africa, Europe, the Americas, and Asia. Old Mutual provides tailored financial products such as loans, debt consolidation loans, low-cost transactional accounts, and unit trust savings accounts. Additionally, the group is recognized as the largest Africa-domiciled asset manager, managing substantial assets and offering a wide array of investment capabilities. To enhance financial literacy, Old Mutual also conducts workshops aimed at educating clients about financial management.
CDC Group, established in 1948, is the UK’s Development Finance Institution wholly owned by the government. Its primary mission is to foster business development in Africa and South Asia, aiming to create jobs and improve living conditions in some of the world’s most impoverished regions. CDC invests strategically in sectors where job creation is most needed, including manufacturing, agribusiness, infrastructure, financial institutions, construction, health, and education. By supporting businesses in these areas, CDC seeks to stimulate economic growth and enhance the private sector in regions where it is often underdeveloped. Through its portfolio, which includes numerous investee businesses, CDC has demonstrated a significant impact on job creation and local economies, contributing to tax revenues and ultimately improving the lives of individuals in the communities it serves.