Key Takeaways
- • SAVCA's latest Private Equity Industry Survey shows Funds Under Management in Southern Africa fell 3% year-on-year in 2025 in Rand terms but rose 11% in US dollar terms.
- • The divergence between rand and dollar figures reflects currency movement rather than a change in underlying fund activity, according to the survey framing presented by SAVCA.
- • SAVCA CEO Anusha Naidu described the industry as resilient despite a volatile and complex macroeconomic backdrop.
- • The findings were discussed on CNBC Africa, with Naidu unpacking the survey results for viewers.
Summary
The Southern African Venture Capital and Private Equity Association (SAVCA) says the regional private capital industry has shown resilience amid a volatile and complex macroeconomic environment, according to its latest Private Equity Industry Survey, as reported by CNBC Africa.
The survey found that Funds Under Management (FUM) declined 3% year-on-year in 2025 when measured in rand terms. Measured in US dollar terms, the same figure rose 11% over the period. The gap between the two results highlights the impact of exchange-rate movements on reported values for rand-denominated portfolios, and investors comparing regional fund sizes across currencies should account for this effect.
Anusha Naidu, CEO of SAVCA, joined CNBC Africa to discuss the findings and explain the survey results in more detail. The primary source provides limited additional detail on fundraising volumes, deal activity, or sector breakdowns, so the full scope of the rebound described in the headline is not quantified in the available coverage.
The survey found that Funds Under Management (FUM) declined 3% year-on-year in 2025 when measured in rand terms. Measured in US dollar terms, the same figure rose 11% over the period. The gap between the two results highlights the impact of exchange-rate movements on reported values for rand-denominated portfolios, and investors comparing regional fund sizes across currencies should account for this effect.
Anusha Naidu, CEO of SAVCA, joined CNBC Africa to discuss the findings and explain the survey results in more detail. The primary source provides limited additional detail on fundraising volumes, deal activity, or sector breakdowns, so the full scope of the rebound described in the headline is not quantified in the available coverage.
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