Written by Jaco Maritz; Edited by Margy Beves-Gibson

A difficult exit environment is often cited as one of the challenges of venture capital (VC) investing in South Africa. According to figures by the Southern African Venture Capital and Private Equity Association (SAVCA), there were only 11 VC exits in 2018, down from 15 in 2017. However, these numbers might not be a true reflection of the state of the nascent VC industry; stakeholders maintain many funds have been around...