Business
JOHANNESBURG — The latest available South African private equity performance report, compiled by SAVCA and RisCura, showed that a representative sample of SA’s private equity funds delivered a 10-year internal rate of return of 12.9% at the end of September 2017, which beat both the FTSE/JSE All Share Total Return Index (compound annual growth rate of 9.5%) and the FTSE/JSE Shareholder Weighted Total Return Index (10.6%). It also outperformed these indices over five-year and three-year periods. RMB Corvest plays in this space and is an on-balance sheet provider of PE. Biznews founder Alec Hogg chats to Mike Donaldson, a director of RMB Corvest, discussing the group’s more recent transactions, and how the playing field has improved since Cyril Ramaphosa came into power. - Stuart Lowman