The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

South Africa  
Rank: 66 · Score: 45.3  

Basic facts        
Population (millions) 59.9   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 405.4   M&A volume (quartile) 3rd
GDP per capita (US$) 6,768.7   Venture capital investments (quartile) 3rd
GDP growth (per cent) 0.1   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 66 76, 73, 71, 59, 59 45.3
1 Economic Activity 123 2, 2, 2, 2, 2 18.2
2 Depth of Capital Market 41 101, 94, 93, 85, 84 48.8
3 Taxation 79 52, 50, 46, 47, 46 83.9
4 Investor Protection and Corporate Governance 38 78, 85, 82, 87, 87 78.8
5 Human and Social Environment 67 70, 60, 58, 59, 58 30.5
6 Entrepreneurial Opportunities 41 87, 85, 85, 84, 84 57.9


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
South Africa  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Egypt 80.0 58.9 85.5 60.5 24.2 49.3
Morocco 67.4 51.1 62.9 69.2 28.0 53.0
Tunisia 56.3 43.6 114.3 66.0 26.4 54.4
South Africa 18.2 48.8 83.9 78.8 30.5 57.9
Kenya 76.8 32.1 68.1 61.2 28.4 43.2
Nigeria 76.1 41.7 57.5 60.2 20.5 40.2
Mauritius 55.4 31.8 114.4 90.7 17.1 40.9
Last updated: 4 Nov 2023