SOUTH AFRICAN VENTURE CAPITAL AND PRIVATE EQUITY ASSOCIATION
SAVCA is a non-profit Section 21 Company that represents the interests of the participants of the Private Equity and Venture Capital industry in South Africa. The main objectives of the Association are to:
- Promote the venture capital and private equity profession in Southern Africa.
- Represent the profession at the national and international level.
- Develop and stimulate professional and transactional venture capital and private equity investments throughout Southern Africa.
- Stimulate the expansion of venture capital and private equity throughout Southern Africa.
- Collect information from markets and from members.
- Circulate information to members and the outside world.
- Stimulate and maintain contacts within the membership.
- Contribute to the management development of investors and investees.
- Provide the relevant authorities with proposals for improvement in the corporate, fiscal and legal environment for venture capital and private equity in Southern Africa.
- Maintain ethical and professional standards.
SAVCA intends playing a meaningful role in the Venture Capital and Private Equity Industry by:
- Promoting self-regulation.
- Lobbying on behalf of industry.
- Disseminating information and publicity.
- Arranging training for the staff of its members.
- Researching the industry in South Africa.
Phatisa is a full member of SAVCA and adheres to its Code of Conduct and Valuation Guidelines. SAVCA has endorsed and adopted the new International Private Equity and Venture Capital Valuation Guidelines, formulated by AFIC, BVCA and EVCA and endorsed by a number of other associations worldwide. These new guidelines supersede the previous SAVCA Valuation Guidelines with effect from reporting periods post 30 June 2005.
In July 2009, a group of investors and partners associated with the Global Impact Investing Network (GIIN), an organisation dedicated to increasing the effectiveness and scale of impact investing, came together to discuss potential platforms and market infrastructure that could address inefficiencies in the impact investing market.
Despite a growing number of impact-focused funds across geographies, asset classes, and sectors, members of the impact investing community continued to experience difficulty connecting to like-minded funds, investors and advisors. To help address this fragmentation, the group conceived of an online search tool to connect members of the impact investing community with one another through a single platform that would permit more efficient networking and communication.
Development of ImpactBase was initiatited by Imprint Capital Advisors and RSF Social Finance in 2009. In early 2010, the project was transitioned to the GIIN. As part of its mission, the GIIN promotes industry-wide infrastructure that enables broader and more efficient impact investing. ImpactBase is critical market infrastructure that helps to scale impact investing for social and environmental good.
Fund managers were first asked to participate in Q4 of 2010, and ImpactBase launched to subscribers on 9 February 2011.
TRANSPARECY AND REPORTING
Phatisa is committed to transparency and openness to our investors and all stakeholders involved. Phatisa Fund Managers was granted a Collective Investment Schemes CIS Managers Licence pursuant to Section 98 of the Securities Act 2005 and the Financial Services (Consolidated Licensing and Fees) Rules 2008 issued by the Mauritius FSC. CIS Manager is authorised under the Securities Act to carry out the following activities for the management of a Collective Investment Scheme including:
- all administrative services required by the scheme;
- provision of registrar and transfer facilities;
- distribution of the securities of the scheme;
- maintaining accounting records of the scheme;
- giving investment advice in relation to the scheme; and
- managing the portfolio of the scheme.
Phatisa Fund Managers Limited
Licence no. C1090007765 Code SEC - 4.2
The Financial Services Board is a unique independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest. The FSB is committed to promote and maintain a sound financial investment environment in South Africa. Phatisa Consultanting (Pty) Ltd was granted a Financial Service Provider Licence mid 2011.
Phatisa Consulting (Pty) Limited
FSP Licence no. 43199
CORPORATE SOCIAL RESPONSIBILITY
Phatisa’s social responsibility initiatives prioritise child-centred, needs-driven and sustainable development of communities.
We support basic needs, education and skills enhancement programmes. Conserving the environment and fostering arts and culture are also critical to our social investment mix.
Phatisa’s corporate social responsibility (CSR) activities have five main objectives:
- Improving children’s and communities' quality of life.
- Fostering a spirit of cooperation and partnership with all stakeholders.
- Enhancing the social and economic wellbeing of society by creating opportunities.
- Leading by example and establishing best practice.
- Encouraging voluntary employee involvement.
The ultimate goal of Phatisa’s CSR initiative is to impact on urgent development needs, in sustainable and responsible ways.
One of the long term legacies of the HIV/Aids pandemic is the many children left orphaned and vulnerable when their parents have passed away. Nearly one third of Lesotho’s people are infected with HIV/Aids - the third highest rate in the world. There are around 180 000 orphans in a country of 1.8 million. As their family units disintegrate, these children have little hope for the future. In this time of great need, Phatisa continues to support Sentebale.Founded by Prince Harry and Lesotho’s Prince Seeiso to help the forgotten victims of poverty and the HIV/Aids epidemic ravaging this small mountain kingdom, Sentebale aims to bring life, hope and opportunity to orphaned and vulnerable children in Lesotho. Phatisa believes that everyone can make a very real difference to the lives of these children.
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