Treasury lures private equity funds

Minister of Finance, Mthuli Ncube, has invited the financial sector to discuss incentives for private equity funds, which he believes can deepen the country’s capital markets and push industrialisation.
This comes as Ncube is also pleading with international development finance institutions to extend more lines of credit to local banks, as he seeks to open more access to cheaper finance for local companies.
“Some companies have no desire to be listed on any exchange, so make use of private equity investors as your sources of capital.
“We currently, have a few such investors such as Mangwana Capital, Takura Ventures. But my view is that we have too few private equity players,” Ncube told a recent international business conference.