2024 private equity industry trends
To delve into whether private equity remained true to its reputation as resilient asset classes, CNBC Africa is joined by Tshepiso Kobile, CEO of the Southern African Venture Capital and Private Equity Association.
Wed, 09 Oct 2024 15:48:30 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Private equity industry remains resilient and optimistic about future prospects despite economic challenges
- Fundraising environment showing positive signs with increased interest from global investors and local institutional investors
- Key investment sectors include energy, infrastructure, manufacturing, and ICT, with a focus on sustainability and ESG principles
The private equity and venture capital industries in Southern Africa have faced numerous challenges due to the prolonged economic downturn, high unemployment rates, and the impact of the cost of living crisis. Despite these obstacles, the private equity sector remains resilient and optimistic about its future prospects. Tshepiso Kobile, CEO of the Southern African Venture Capital and Private Equity Association, shared insights on the current investor sentiment, fundraising environment, key investment sectors, and emerging trends that will shape the industry in 2024 and beyond. The sector has shown remarkable resilience and adaptability in the face of adversity, positioning itself for growth and success in the coming years. The private equity industry is expected to drive economic development, job creation, and transformation through strategic investments in key sectors such as energy, infrastructure, manufacturing, and ICT. With a focus on sustainability and ESG principles, private equity firms are leading the way in driving positive social and environmental impact. As the industry continues to evolve, trends such as AI, the green economy, and ICT investments are expected to shape the future landscape of private equity in Southern Africa. Despite ongoing challenges, the private equity industry remains a key player in driving economic growth and fostering innovation in the region.
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