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Sanari Capital Raises $65 Million for Growth Fund, Nears $100 Million Target

Sanari Capital Raises $65 Million for Growth Fund, Nears $100 Million Target
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SA s Sanari Capital raises $65m in 2nd close of new growth fund

Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has raised ZAR1.25 billion (US$65 million) in the second close of its growth fund, which aims to fuel employment opportunities and foster economic growth across Africa.

Limp growth dulls foreign demand for SA private equity

The International Monetary Fund expects economic expansion of only 0.3% this year, and for growth to remain below 2% until at least 2028, with output held back by record electricity outages and logistical constraints.

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