South African VC exits show early signs of a maturing venture capital ecosystem

South Africa’s venture capital ecosystem is beginning to close one of the most important gaps in its growth story: exits. Two new studies by the SA SME Fund, Endeavor South Africa and SAVCA provide compelling evidence that local venture capital can deliver both meaningful investor returns and broader economic impact. Together, they show that South African venture-backed scale-ups are generating successful exits, while the asset class itself is producing realised returns broadly consistent with m