From Business Standard

With a host of private-equity investments coming to fruition from a highly active entry period six to eight years ago, there may be a record number of exits in South Africa this year, but the country is providing much less fertile ground for entry investments as investors turn to African expansion for good returns.

Broadening Horizons, a joint study of private equity exits in Africa carried out by EY and the African Private Equity and Venture Capital Association, found that private-equity investors were taking a keen interest in Africa. But research leader Graham Stokoe, Africa private equity leader at EY, said South Africa looked set to miss out.

According to Stokoe, it’s an unfortunate trend. “That’s where a lot of South African growth could come from. But there’s been a drop in multinational buyer interest in South Africa over the last year, which is concerning. They’re interested in Africa as a whole. South Africa-based funds are also getting more involved in Africa.

Written by BRENDAN PEACOCK/Read more Business Standard