The Southern African Venture Capital and Private Equity Association (SAVCA) announced the winners of the inaugural SAVCA Industry Awards at a gala dinner at Montecasino on 8 November 2018.
Intellidex conducted the research for the process, contacting private equity and venture capitalist companies to submit nominee companies for the awards. After assessing the data, Intellidex presented a short list of finalists to the panel of judges, including an information pack on each company.
SAVCA is the industry body and public policy advocate for private equity and venture capital in Southern Africa. It represents about R165bn in assets under management through 170 members that form part of the private equity and venture capital ecosystem.
The objective of the awards was to recognise the portfolio companies that have thrived from private equity and venture capital investment. The awards also promote the positive impact that businesses have on job creation and the economy.
The 2018 SAVCA Industry Best Small Company final nominees were: i-PAY, Sweep South and UCOOK. The Best Medium-Sized Company final nominees were: Royal Schools, Tessara and Vumatel. The Best Large Company final nominees were Fidelity Security, Kwikot and Tsebo Solutions Group.
2018 SAVCA Industry Award for Best Small Company: SweepSouth
SweepSouth is an on-demand online platform for booking home cleaning services by connecting households with domestic workers. Nominated by the Vumela Fund, managed by Edge Growth, SweepSouth has grown from just three domestic workers and two co-founders when the business started in 2014, to employ 38 people in-house and 8,000 “SweepStars” across South Africa.
2018 SAVCA Industry Award for Best Medium-Sized Company: Vumatel
Vumatel is a provider of fibre-to-home and internet services. Vumatel was nominated by Vantage Capital for the role it has played in providing connectivity, and the job opportunities the company has created. Vumatel’s staff complement has increased to 660 permanent staff and 4,000 contractors used.
2018 SAVCA Industry Award for Best Large Company: Tsebo Solutions Group
Nominated by Rockwood, Tsebo Solutions Group is South Africa’s third-largest outsourced services provider in catering and facilities management. It operates in 27 countries with five service lines and over 39,000 employees.
Click here to find out more about The Southern African Venture Capital and Private Equity Association.