38 deals, not one failure! – Bruce Whitfield on black-owned Pape Fund Managers
The SA SME Fund has chosen black-owned private equity manager Pape Fund Managers as one of seven that will manage its R1.4 billion fund to develop small businesses.
Fifty companies and the Public Investment Corporation created the fund earlier this year to invest in venture capital firms experienced in small business development.
The fund is led by CEO Ketso Gordhan.
The board of directors include Discovery CEO Adrian Gore, Eskom’s acting CEO and Chair Jabu Mabuza and Wits Chancellor Judy Dlamini while the investment committee is chaired by tech-entrepreneur Michael Jordaan.
[Pape Fund Managers] aspires to improve the lives of all South Africans through job creation, a broader tax base and sustained economic growth.SA SME Fund
Pape is based in Johannesburg and Stellenbosch.
Pape Fund Managers famously bought 23% of JoJo rainwater tanks just before the most severe drought on record started in Cape Town.
Listen to the interview in the audio below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : 38 deals, not one failure! – Bruce Whitfield on black-owned Pape Fund Managers
The Money Show’s Bruce Whitfield interviews Solidarity Fund Chairperson Gloria Serobe.Read More
Technological advancements have made it possible for new banks to operate and flourish.Read More
The Money Show’s Bruce Whitfield asks Bushveld Minerals founder Fortune Mojapelo to share his success story.Read More
Launched in 2016, The Duchess has won numerous awards and successfully broke into the UK, Belgium and the Scandinavian countries.Read More
Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.Read More
Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.Read More
Nicola Harris (founder, Click Foundation) on her mission to radically transform educational outcomes of disadvantaged learners.Read More
He’s the co-founder of Clickatell, global leaders in application-to-person mobile messaging and mobile transactional services.Read More
The Money Show's Bruce Whitfield interviews the author of "The Heavy Chef Guide to Starting a Business in South Africa".Read More
Justin Bonello (of the show "Cooked") is the founder of Neighbourhood Farm. It employs unskilled community members to farm.Read More