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Mineworkers Investment Company Commits U$10m to Knife Capital fund


Feb 11, 2021
Mineworkers Investment Company (MIC) has committed $10-million to venture capital firm Knife Capital’s new African Series B expansion fund, Knife Fund III.
The Fund’s aim is to invest behind the aggressive expansion of African innovation-driven companies and fill a critical follow-on funding gap.
The commitment positions MIC as anchor investor to the Fund alongside other local and international investors. Speaking on the announcement, Nchaupe Khaole, Chief Investment Officer at MIC explained: “The move to change the way local institutional investors approach venture capital investment has been in the pipeline at MIC for a number of years now. Our venturing into the earlier-stage alternative asset class space makes sense given the slow economic growth in the last three years. ....

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Knife Capital launches second 12J venture capital fund


Jan 28, 2021
Having deployed most of its first R250-million Section 12J Venture Capital Fund: KNF Ventures, Knife Capital has launched another 12J fund for new investors to participate in this growing and exciting alternative asset class.
KNF Ventures II is the second Section 12J Venture Capital Company launched by Knife Capital. It has the same investment mandate as Fund I and will continue to build on the success and momentum created.
By leveraging Knowledge, Networks & Funding, KNF accelerates the growth of South African innovation-driven SMEs to generate enhanced returns for entrepreneurial-minded investors.
The Section 12J venture capital company (VCC) regime was established to facilitate equity investment into higher-risk SMEs, thereby fuelling innovation, job creation and economic growth. Qualifying Investors can compensate for risk and enhance their return on investment by claiming amounts incurred on acquiring VCC shares as a deduction from taxable inco ....

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