The immense contribution that factoring can make to small and medium scale enterprises (SMEs) is the primary reason that has made this financing tool one of the most attractive to businesses across the world. Unfortunately, Africa has remained on the fringes of the factoring movement until recently. In 2012, Africa accounted for only 1.2 per cent of the €2 trillion world factoring transactions, with activities being recorded in only four countries - South Africa, Tunisia, Morocco and Egypt. Read More
Could you briefly introduce SAVCA?
The South African Venture Capital & Private Equity Association (SAVCA) is non-profit organisation founded in 1998 to promote the venture capital and private equity asset class in South Africa. Our mission is to support the development of a vibrant industry through:The promotion of the interests of the industry; The promotion of highest ethical and professional standards within the private equity and venture capital industry; The dissemination of information and research relating to private equity; and Presenting a single industry voice to regulators and legislators. Read More.