Private-capital deal activity in southern Africa is expected to increase as more exits and renewed fundraising free up capital for new investments. Reporting across outlets highlights that managers are sitting on substantial uninvested funds—described as “dry powder”—and that this pool is likely to be deployed as exit proceeds and new commitments support fresh transactions.
Moneyweb and Bloomberg point to figures on available capital, including an estimate of R5.8bn associated with exits and a larger overall dry powder figure of R45.4bn. News24 frames the outlook more broadly, citing a survey showing that investment into the region’s private equity is projected to rise to R13bn, helped by improving deal flow from both fundraising and exit activity. Across the coverage, outlets broadly agree on the direction of travel—more money becoming available for deals—while they differ in whether they foreground exit proceeds, aggregate dry powder, or the expected total investment level.
