SAVCA appoints four new board members

By: Southern African Venture Capital and Private Equity Association

The Southern African Venture Capital and Private Equity Association (SAVCA), the industry body and public policy advocate for private equity and venture capital in the region, welcomed four new directors to its board during its annual general meeting held yesterday.

Appointed representatives, Juan Coetzer, Head of Private Equity at Ashburton Fund Managers; Cathy Goddard, CEO of Firebird Fund Managers; Vusi Thembekwayo, CEO of MyGrowthFund; and Keet van Zyl, Founding Partner of Knife Capital, are well respected sector experts and leading industry professionals.

“It is an honour to have such a collective of industry experience represented on our board,” says SAVCA CEO, Tanya van Lill. “As SAVCA approaches its 20-year milestone, it is important that we continue to showcase our industry’s ability to be agile and adapt in the face of increasing market dynamism. With the new additions to our board, we are confident that we will continue to effectively explore past lessons, and assess future opportunities to drive accelerated growth in Southern Africa’s venture capital and private equity sector.”

Commenting on the newly appointed board, Dave Stadler, outgoing Chairman of the SAVCA board and CEO of Paean Private Equity, says: “Each new board member brings with them diverse experience and expertise in venture capital and private equity. This includes in-depth cross-industry and entrepreneurial knowledge, but what is most critical is their passion for the industry.”

The appointment of four new directors expands the SAVCA board from 11 to 13. Dave Stadler, and Siyabonga Nhlumayo, the Treasurer of the SAVCA board and Partner at Medu Capital, will be stepping down as directors after years of dedicated service to the organisation and the industry.

Adds van Lill, “SAVCA would like to thank Dave and Siya for their hard work and commitment to the SAVCA board and their continuous support for the SAVCA executive team. Each of them has dedicated their time and efforts to help grow SAVCA and its offerings over the years and have always had the best interest of the industry at heart.”