Lack of business nous in the government is ‘crippling the sector’ The small and medium enterprise (SME) sector in SA is being throttled by a government ministry that understands politics but not commerce. This is the view of Reuel Khoza, chair of the venture capital firm Hlayisani Growth Fund (HGF), who said this week entrepreneurs […]
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PODCAST | Hlayisani Growth Fund offers small business funding
Mudiwa Gavaza is joined by chair Dr Reuel Khoza and partner Dr Eugene van Rensburg In this edition of Business Day Spotlight, we talk about small business funding with a venture capital fund. Host Mudiwa Gavaza is joined by the team from Hlayisani Growth Fund (HGF): Dr Reuel Khoza, chair; and Dr Eugene van Rensburg, […]
Firms’ governance structures play a vital role
Reuel Khoza says there are many holes that need to be plugged in the governance structures of small businesses As much as small businesses in SA constantly face challenges in raising capital to grow their businesses, something needs to be said about the people that actually run these businesses. While most business owners would like […]
Hlayisani Growth Fund Successfully Closes First Round at R350M
From VentureBurn Johannesburg, 23 February 2021 – Hlayisani Growth Fund (HGF) has announced its first close at R350m to invest into high-growth, high-impact businesses. The funding round was led by Standard Bank and prominent SA family offices. Focussed on the SME ecosystem, the HGF tackles the existing SME funding gap between early-stage venture capital and […]
SA’s Hlayisani Growth Fund has made 6 investments totalling $13.5m in 2019
South Africa’s Hlayisani Growth Fund has made six investments worth a total of ZAR200 million (US$13.5 million) in 2019, and is currently in talks about adding a dozen more companies to that list. Operational since early 2019, Hlayisani Growth Fund invests in the agricultural innovation, ICT, manufacturing, education and e-health spaces, with a focus on the SME […]