Company lists · Data refreshed September 2026

Top 25 Minority-owned business investment firms based in South Africa

Name: Minority-owned business investment firms based in South Africa
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 28, 2026 66 companies tracked

RevenueBase identified 66 minority-owned business investment firms headquartered in South Africa as of September 2026 and tracks 249 professional contacts across them, including 113 with verified work emails. Johannesburg is the largest hub.

This list covers minority-owned business investment firms headquartered in South Africa, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 28, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 28, 2026 86% judged on-target in blind review

66Companies

249Contacts tracked

113Verified emails

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The 25 largest minority-owned business investment firms based in South Africa

Ranked by team size

Top 25 of 66 minority-owned business investment firms based in South Africa, ranked by team size, largest first. Data refreshed Sep 28, 2026. RevenueBase Smart Search rates how each company's information relates to minority-owned business investment firms: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Mahlako A Phahla Investments PTY LTD	Strong evidence	Illovo, South AfricaHQ checked Sep 28, 2026	11-50	28 contacts →
	Strong evidence “Mahlako is a 100% black-women owned investment and advisory firm with a stellar track record, founded by two dynamic black women who are infrastructure investment and advisory…” Source: RevenueBase Database · checked Sep 28, 2026
2	Sphere Holdings	Partial evidence	Johannesburg, South AfricaHQ checked Sep 28, 2026	11-50	17 contacts →
	Partial evidence “Founded in 2003, Sphere is a high performing investment holding company driven to create value for funders, shareholders and business partners.” Source: RevenueBase Database · checked Sep 28, 2026
3	FIO Capital	Partial evidence	Pretoria, South AfricaHQ checked Sep 28, 2026	51-200	12 contacts →
	Partial evidence “Fio Capital is a global investment firm, investing capital and strategic resources in entrepreneurial markets – the only sustainable solution to growing global economies.” Source: RevenueBase Database · checked Sep 28, 2026
4	Nala Growth	Partial evidence	Sandton, South AfricaHQ checked Sep 28, 2026	11-50	9 contacts →
	Partial evidence “Nala Growth is a mid-market investment management and advisory boutique with a specialised focus on private equity impact investments.” Source: RevenueBase Database · checked Sep 28, 2026
5	Talent10 Holdings	Indirect evidence	Midrand, South AfricaHQ checked Sep 28, 2026	11-50	9 contacts →
	Indirect evidence “From coal mining to the silver screen and all things in between, Talent 10 Holdings does venture capital like no one else.” Source: RevenueBase Database · checked Sep 28, 2026
6	NEW GX Capital	Strong evidence	Johannesburg, South AfricaHQ checked Sep 28, 2026	201-500	8 contacts →
	Strong evidence “Established in 2005, New GX Capital Holdings Proprietary Limited or “New GX”, is a black owned and controlled investment company formed on strong entrepreneurial principles…” Source: RevenueBase Database · checked Sep 28, 2026
7	Multiply Group	Partial evidence	Durban, South AfricaHQ checked Sep 28, 2026	11-50	6 contacts →
	Partial evidence “The Multiply Group is a private investment company that provides longer term strategic capital to business owners through a partnership focused approach.” Source: RevenueBase Database · checked Sep 28, 2026
8	ACN Capital	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	6 contacts →
	Partial evidence “ACN Capital is a discreet and multi-award-winning, investment house.” Source: RevenueBase Database · checked Sep 28, 2026
9	Saad Investment Holdings	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	6 contacts →
	Partial evidence “SAAD Investment Holdings (SAAD) was established in 2006 as the investment arm of the Tree of Life group.” Source: RevenueBase Database · checked Sep 28, 2026
10	Imbewu Capital Partners PTY LTD	Strong evidence	La Lucia Ridge, South AfricaHQ checked Sep 28, 2026	1-10	6 contacts →
	Strong evidence “Imbewu (which means “seed” in Zulu) Capital Partners (Pty) Ltd (“Imbewu”) is a black owned and controlled private equity and investment holding company.” Source: RevenueBase Database · checked Sep 28, 2026
11	GAP Capital	Partial evidence	Umhlanga Ridge, South AfricaHQ checked Sep 28, 2026	1-10	5 contacts →
	Partial evidence “Gap Capital is a unique investment firm.” Source: RevenueBase Database · checked Sep 28, 2026
12	Rational Expectations	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	5 contacts →
	Partial evidence “Founded in 1997, Rational Expectations is an investment company based in the heart of Cape Town.” Source: RevenueBase Database · checked Sep 28, 2026
13	Maia Capital Partners	Partial evidence	Sandton, South AfricaHQ checked Sep 28, 2026	11-50	4 contacts →
	Partial evidence “Maia Capital Partners is a boutique financial services firm that facilitates high-impact investment opportunities for the investor community.” Source: RevenueBase Database · checked Sep 28, 2026
14	Enygma Ventures	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	4 contacts →
	Partial evidence “Enygma Ventures is a unique purpose driven investment fund, led by award winning entrepreneurs with 40 years of combined experience growing and scaling businesses in Africa, US &…” Source: RevenueBase Database · checked Sep 28, 2026
15	Mamor Capital	Strong evidence	Waterfall City, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Strong evidence “Mamor Capital was established in 2017 as black women owned investment company with strategy to partner with companies in South Africa and the region.” Source: RevenueBase Database · checked Sep 28, 2026
16	EXPX	Partial evidence	Ballito, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Partial evidence “EXPX is an investment firm specialising in the origination, development, and execution of high-impact opportunities in the property development and education sectors.” Source: RevenueBase Database · checked Sep 28, 2026
17	Ankole Capital	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Partial evidence “Ankole Capital is a team of South African financial service and investment professionals that specialise in developing tailored investment, funding and business development…” Source: RevenueBase Database · checked Sep 28, 2026
18	Ironside Investments	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Indirect evidence “We co-invest with our equity and operational partners in sectors that provide growth, sustainability and utility.” Source: RevenueBase Database · checked Sep 28, 2026
19	Ascension Capital Partners	Partial evidence	Waterkloof, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Partial evidence “Ascension Capital Partners is a Black owned private equity fund manager, with a unique value proposition and competitive advantage of unique proprietary deal flow by virtue of our…” Source: RevenueBase Database · checked Sep 28, 2026
20	Raise Africa Investments	Strong evidence	Noordhoek, South AfricaHQ checked Sep 28, 2026	1-10	3 contacts →
	Strong evidence “Raise Africa Investments is a black woman-owned and managed private equity firm.” Source: RevenueBase Database · checked Sep 28, 2026
21	Letsema Holdings LTD	Indirect evidence	Sandton, South AfricaHQ checked Sep 28, 2026	11-50	3 contacts →
	Indirect evidence Source: RevenueBase Database · checked Sep 28, 2026
22	Reallife Concepts	Indirect evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	11-50	3 contacts →
	Indirect evidence “We develop companies, take interest & put the best resources, tools & strategies on the job, to fund, build and scale.” Source: RevenueBase Database · checked Sep 28, 2026
23	Entruevest Holdings	Indirect evidence	Bryanston, South AfricaHQ checked Sep 28, 2026	51-200	2 contacts →
	Indirect evidence “Entruevest is a holding company based in Johannesburg that acquires and builds leading small to medium sized businesses throughout Southern Africa.” Source: RevenueBase Database · checked Sep 28, 2026
24	Carvano Capital	Partial evidence	Cape Town, South AfricaHQ checked Sep 28, 2026	1-10	2 contacts →
	Partial evidence “We are an investment partner with a profound understanding of the challenges involved in growing a business.” Source: RevenueBase Database · checked Sep 28, 2026
25	Impisi Capital	Partial evidence	Johannesburg, South AfricaHQ checked Sep 28, 2026	1-10	2 contacts →
	Partial evidence “Impisi Capital is a private investment firm that was founded by like-minded partners with a common objective of pursuing economic and social advancement through the awakening and…” Source: RevenueBase Database · checked Sep 28, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: minority-owned business investment firms. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names minority-owned business investment firms.
Partial evidence: Its own public description names part of minority-owned business investment firms, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name minority-owned business investment firms. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 66 minority-owned business investment firms based in South Africa

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Minority-owned business investment firms based in South Africa at a glance

As of Sep 28, 2026

45.4%Verified-email coverage

3.8Average contacts per company

1-10Median size (employees)

34.8%Largest-city concentration · Johannesburg

Sep 28, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

Email recency for this list is measured worldwide rather than for South Africa, so it is reported there. Company counts and contact totals on this page are exact for South Africa, over 66 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among minority-owned business investment firms, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in South Africa whose own description of what they do matches “minority-owned business investment firms”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search: RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names minority-owned business investment firms), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude: Companies whose own description does not clearly place them among minority-owned business investment firms, and records with no verified work email. Companies headquartered outside South Africa are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 113 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 28, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names minority-owned business investment firms, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many minority-owned business investment firms are there based in South Africa?

RevenueBase identified 66 minority-owned business investment firms headquartered in South Africa as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Mahlako A Phahla Investments PTY LTD, headquartered in Illovo, tops this list with the largest team on record.

Which city has the most minority-owned business investment firms?

Johannesburg leads with 23 headquartered companies, followed by Cape Town (13) and Sandton (7).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 113 verified decision-maker contacts tracked across these 66 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 28, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.