Tag: VentureCapital

South Africa’s founder-led tech ecosystem is deeper than it has ever been, but it is still structurally thin at scale. The most recent data tells a clear story. The Southern African Venture Capital and Private Equity Association 2025 VC Industry Survey recorded R13.35 billion in active venture capital investments across 1,325 deals. ICT accounted for nearly two-thirds of total deal value.

There's a peculiar kind of blindness that sets in when a constraint disappears. You keep solving for it anyway. You build institutions around it, develop disciplines to manage it, hire people whose entire expertise is navigating it. The constraint becomes invisible and not because it's gone, but because it's been so thoroughly baked into how you operate that questioning it feels like questioning gravity.

Read our exclusive cover story titled The innovation factory – built for famine, not a feast? by Lauren Drake, Co-founder & Director, FiftyKnots, plus a host of other topical management articles written by professionals, consultants and academics.

Despite the private capital industry’s proven track record, many investors still view Private Equity (PE) and Venture Capital (VC) as inherently risky investments. However, this perception does not fully reflect how private capital markets actually function. This conversation around risk in private capital markets is long overdue for reframing. Risk in private capital markets differs fundamentally from that experienced in public markets.