Maximising the Value of Venture Capital Funding in South Africa: Considdering Post-Investment Strategies

Securing venture capital funding is a significant milestone for any business, but maximising the value of venture capital funding in South Africa is quite a different challenge. In South Africa’s vibrant startup ecosystem, venture capital has emerged as a key source of funding for aspiring entrepreneurs. However, successfully raising funds is only the first step. To truly capitalise on venture capital investment, businesses must employ effective post-investment strategies to maximise the value of the funding received. In this article, we will explore essential actions that South African businesses should take to leverage venture capital investment, develop growth strategies, manage investor relationships, and position themselves for long-term success.

Maximising the Value of Venture Capital Funding in South Africa

1) Utilising Investment Effectively

When it comes to utilising the investment, it is essential to allocate resources wisely. Businesses should prioritise areas that directly contribute to growth and have the potential to generate a positive return on investment. These areas may include:

  • Product Development: Investing in research and development activities can lead to product enhancements, new features, or even entirely new offerings. By continually improving the product or service, businesses can stay ahead of the competition and meet evolving customer needs.
  • Marketing and Promotion: Allocating funds towards marketing and promotion activities can help create brand awareness, attract new customers, and increase market share. This may involve digital marketing campaigns, social media advertising, content creation, and participation in industry events or trade shows.
  • Talent Acquisition and Development: Hiring and retaining skilled professionals is crucial for business growth. Investing in recruiting efforts, training programs, and employee benefits can help attract top talent and build a high-performing team that drives innovation and operational excellence.
  • Operational Infrastructure: Strengthening operational capabilities through investments in technology, systems, and processes can improve efficiency, reduce costs, and enable scalability. This may involve implementing advanced software solutions, upgrading equipment, or streamlining supply chain operations.

2) Scaling Operations and Expanding Market Reach:
Venture capital funding provides businesses with an opportunity to scale operations and expand their market reach. Here are some strategies to consider:

  • Scaling Production Capacity: If the business involves physical products, investing in expanding production facilities or optimising manufacturing processes can help meet increasing customer demand efficiently. This allows the company to capture a larger market share and potentially negotiate better deals with suppliers.
  • Geographic Expansion: Venturing into new geographic markets can open up fresh opportunities for growth. However, expanding into new territories requires careful market research, understanding local regulations, and adapting products or services to suit regional preferences and cultural nuances.
  • Penetrating Niche Markets: Identifying and targeting niche markets within the industry can be a lucrative strategy. By focusing on specific customer segments or verticals, businesses can position themselves as experts and tailor their offerings to meet the unique needs of those markets.
  • E-commerce and Online Presence: With the increasing reliance on digital channels, investing in e-commerce platforms, online marketing, and customer engagement tools can help businesses reach a broader audience and drive sales.

3) Continuous Innovation and Differentiation:

To stay competitive, businesses need to continually innovate and differentiate their offerings. Here’s how to utilise venture capital funding to foster innovation:

  • Research and Development: Allocate funds towards research and development activities to drive innovation and explore new product ideas or technological advancements. This can involve partnering with academic institutions, conducting market research, and investing in prototyping and testing.
  • Intellectual Property Protection: Safeguarding intellectual property through patents, trademarks, or copyrights is essential for protecting innovations and maintaining a competitive advantage. Allocating resources to intellectual property strategies can help businesses secure their market position and attract further investment.
  • Strategic Partnerships: Collaboration with strategic partners, such as technology providers, industry experts, or research institutions, can help businesses access specialised knowledge, resources, or distribution channels. By forming strategic alliances, companies can leverage shared expertise to accelerate innovation and market penetration.
  • Customer Feedback and Iterative Improvements: Investing in systems and processes to gather customer feedback, analyse data, and incorporate insights into product development can lead to continuous improvement and customer-centric innovation.

By utilising investment effectively, South African businesses can harness the full potential of venture capital funding and drive sustainable growth. However, it is important to remember that effective utilisation of investment requires a strategic and disciplined approach.

Here are some additional tips to consider:

Financial Planning and Budgeting:
Maintaining financial discipline is crucial for utilising investment effectively. Develop a comprehensive financial plan and budget that aligns with the business objectives and growth strategies. Regularly monitor and analyse financial performance to ensure that resources are allocated appropriately and expenses are controlled. This includes tracking key performance indicators (KPIs), managing cash flow, and conducting periodic financial reviews.
Measuring and Evaluating Impact:
Establishing clear metrics and performance indicators is essential to evaluate the impact of investment utilisation. Regularly assess and measure the outcomes of investment decisions against predefined goals. This allows businesses to identify areas of improvement, make necessary adjustments, and ensure that resources are deployed in the most effective and efficient manner.
Agility and Adaptability:
In a dynamic business environment, the ability to adapt and respond to changing market conditions is crucial. Utilising investment effectively requires agility and the willingness to pivot when necessary. Continuously monitor market trends, customer preferences, and competitive landscape to identify opportunities or potential risks. This may involve making strategic shifts in product offerings, marketing strategies, or operational processes to stay ahead of the curve.
 Long-Term Value Creation:
While immediate growth is important, it is equally essential to focus on long-term value creation. Utilising investment effectively involves making decisions that not only yield short-term results but also position the business for sustained success. Consider the long-term implications of investment decisions, such as building a strong brand reputation, nurturing customer loyalty, and investing in sustainable business practices.
Regular Reporting and Transparency:
Maintain transparent communication with investors and stakeholders by providing regular updates on the progress, challenges, and milestones achieved. Timely and accurate reporting instills trust and confidence in the investor community. It is important to be proactive in addressing potential concerns or risks and seeking input and feedback from investors on key strategic decisions.

Securing venture capital funding is a significant accomplishment, but its true value lies in how effectively it is utilised. South African businesses can maximise the impact of venture capital investment by prioritising resource allocation, scaling operations, fostering innovation, and maintaining financial discipline. By implementing these post-investment strategies, businesses can position themselves for long-term success and capitalise on the growth opportunities that venture capital funding brings.

2) Developing Growth Strategies

Once a business secures venture capital funding in South Africa, it opens up opportunities for accelerated growth and expansion. Developing effective growth strategies is crucial for maximising the value of the investment and positioning the company for long-term success. Here are some key considerations to guide businesses in their growth strategy development:

Maximising the Value of Venture Capital Funding in South Africa - growth1) Scalability and Market Potential:

Before formulating growth strategies, businesses need to evaluate the scalability potential of their operations. Scalability refers to the ability of a business to handle increased demand without compromising its efficiency or quality. Assessing scalability helps determine the feasibility of scaling operations and expanding into new markets.

Market potential analysis is essential to identify growth opportunities. Conduct thorough market research to understand customer needs, industry trends, and competition. Identify target markets, segments, or niches where the business can effectively compete and capture market share. Assessing market potential helps prioritise growth strategies and allocate resources effectively.

2 ) Market Expansion:
One of the primary growth strategies is expanding into new markets. South African businesses can explore regional, national, or even international expansion. This can be done through a marketing agency or in-house. When expanding, consider the following:

  • Market Research: Conduct in-depth research to understand the target market’s demographics, purchasing power, cultural nuances, and regulatory environment. This helps tailor products, marketing messages, and distribution strategies to resonate with the new market.
  • Localisation and Adaptation: Adapt products or services to meet the specific needs and preferences of the target market. This may involve customising features, packaging, pricing, or branding to align with local expectations.
  • Distribution Channels: Identify the most effective distribution channels in the new market. Evaluate partnerships, direct sales, e-commerce platforms, or distribution networks to ensure efficient reach to the target customers.
  • Competitive Analysis: Understand the competitive landscape in the new market. Identify key competitors, their strengths, weaknesses, and market positioning. Differentiate your offerings and develop unique value propositions to gain a competitive edge.

3) Strategic Partnerships and Alliances:
Collaborating with strategic partners can fuel growth and provide access to resources, expertise, or market reach. Consider the following partnership opportunities:

  • Industry Experts and Advisors: Engage industry experts or experienced advisors who can provide guidance, mentorship, and valuable connections. Their knowledge and networks can help accelerate growth and provide insights into market dynamics.
  • Distribution Partnerships: Forge alliances with distributors, retailers, or e-commerce platforms to leverage their existing customer base and distribution channels. Strategic partnerships can help increase market penetration and accelerate revenue growth.
  • Supplier Relationships: Strengthen relationships with key suppliers to secure favorable terms, ensure timely delivery, and maintain product quality. Collaborating closely with suppliers can also lead to co-innovation and cost efficiencies.
  • Technology Partnerships: Identify technology partners that can provide access to cutting-edge solutions, platforms, or data analytics. Collaboration with technology providers can enhance operational efficiency, improve customer experience, and drive innovation.

4) Innovation and Product Development:
Continuous innovation is critical for sustained growth and staying ahead of the competition. Businesses should allocate resources towards research and development activities to enhance existing products or services and explore new offerings. Consider the following strategies:

  • Customer Feedback and Insights: Listen to customer feedback, conduct surveys, and analyse data to identify pain points, unmet needs, and areas of improvement. Use these insights to drive product innovation and create customer-centric solutions.
  • Iterative Approach: Adopt an iterative approach to product development, releasing minimum viable products (MVPs) and gathering customer feedback early on. This allows for agile product enhancements based on real user experiences.
  • Product Differentiation: Differentiate your offerings from competitors by adding unique features, improving quality, or providing superior customer support. Develop a compelling value proposition that sets your products or services apart in the market.Emerging
  • Technologies: Stay abreast of emerging technologies and trends that can disrupt the industry or create new opportunities. Explore how technologies such as artificial intelligence, blockchain, Internet of Things (IoT), or augmented reality can be leveraged to drive innovation and enhance your products or services.

5) Customer Acquisition and Retention:

Growth strategies should include effective customer acquisition and retention tactics. Consider the following approaches:

  • Marketing and Branding: Develop a robust marketing strategy that encompasses digital marketing, content creation, social media engagement, and targeted advertising. Build a strong brand identity and communicate the unique value proposition to attract and engage customers.
  • Customer Relationship Management: Implement customer relationship management (CRM) systems to track customer interactions, preferences, and purchase history. Leverage data analytics to personalise communication and offers, enhancing customer experience and increasing loyalty.
  • Customer Support and Engagement: Invest in customer support infrastructure to provide prompt and effective assistance to customers. Implement channels such as chatbots, online self-service portals, or dedicated customer support teams to ensure a positive customer experience.
  • Loyalty Programs and Incentives: Develop customer loyalty programs or incentives to encourage repeat purchases and referrals. Rewarding loyal customers creates a strong customer base and drives organic growth through word-of-mouth marketing.

6) Financial Planning for Growth:
Expanding a business requires careful financial planning and management.

Consider the following financial aspects when developing growth strategies:

  • Cash Flow Management: Monitor and manage cash flow effectively to ensure sufficient funds for operational expenses, investments, and growth initiatives. Develop financial models and projections to assess the impact of growth strategies on cash flow.
  • Capital Expenditure: Allocate funds for capital expenditure to support growth, such as acquiring new equipment, expanding production facilities, or investing in technology infrastructure. Plan for these investments strategically to optimise returns.
  • Financial Forecasting: Develop financial forecasts that align with growth strategies. Regularly assess the financial viability and sustainability of expansion plans. This helps identify potential funding gaps and allows businesses to seek additional investment if necessary.
  • Return on Investment (ROI) Analysis: Continuously evaluate the ROI of growth initiatives to ensure they are generating the desired outcomes. Regularly assess the financial performance and metrics tied to growth strategies to make informed decisions and course corrections if needed.

Developing effective growth strategies is crucial for maximising the value of venture capital funding in South Africa. By prioritising scalability, expanding into new markets, fostering strategic partnerships, driving innovation, and implementing customer acquisition and retention strategies, businesses can position themselves for sustainable growth and long-term success. Financial planning and analysis play a vital role in ensuring that growth strategies are financially viable and align with the overall business objectives. By proactively and strategically pursuing growth, businesses can fully leverage their venture capital investment and unlock their full potential in the dynamic South African market.

Maximising the Value of Venture Capital Funding in South Africa3) Managing Investor Relationships

Securing venture capital funding not only brings financial resources but also establishes a partnership with the investors who have shown confidence in the business. Managing investor relationships effectively is vital for maximising the value of venture capital funding and fostering long-term success.

Here are key considerations for businesses in South Africa to effectively manage their investor relationships:

Communication and Transparency:
Maintaining open and transparent communication is essential for building trust and a strong rapport with investors. Regularly update investors on the company’s progress, milestones achieved, and challenges faced. Provide comprehensive reports and financial statements that demonstrate the effective utilisation of their investment. Timely and transparent communication ensures that investors are informed and engaged in the business’s growth journey.

Establishing Clear Expectations:
From the outset, it is crucial to align expectations between the business and the investors. Clearly communicate the business’s growth plans, timelines, and milestones. Discuss the risks and challenges involved in achieving those goals. This clarity ensures that both parties have a shared understanding of the vision and direction of the business, minimising potential conflicts in the future.

Proactive Investor Engagement:
Actively engage with investors beyond routine reporting. Initiate regular meetings, either in-person or virtual, to discuss progress, seek input, and address any concerns. Solicit their advice and leverage their industry expertise and networks. Proactively seeking their input and involving them in strategic discussions can strengthen the investor-business relationship and foster a sense of partnership.

Governance and Compliance:
Maintain good governance practices to demonstrate professionalism and commitment to investors. Adhere to regulatory requirements, financial reporting standards, and legal obligations. Establish board structures and committees that provide oversight and accountability. By demonstrating a strong commitment to governance and compliance, businesses instill confidence in their investors and create a foundation for long-term collaboration.

Investor Reporting:
Develop a structured and comprehensive investor reporting framework. Provide regular updates on financial performance, key metrics, and milestones achieved. Tailor the reporting to address the specific interests and information needs of investors. Consider incorporating visual aids, graphs, and charts to enhance clarity and understanding. Clear and concise reporting helps investors track progress and assess the impact of their investment.

Leveraging Investor Expertise:
Leverage the expertise, networks, and industry insights of the investors. Engage them in strategic discussions, seek their guidance on critical decisions, and tap into their professional networks for potential partnerships or business opportunities. Actively involving investors in the growth trajectory of the business demonstrates a collaborative approach and enhances the value they bring beyond financial resources.

Managing Investor Exits:
In some cases, investors may seek an exit from their investment through a merger, acquisition, or public offering. It is crucial to proactively manage these situations to minimise disruptions and maximise returns for all parties involved. Stay informed about the investor’s exit preferences and work closely with them to explore the best possible options. Collaborate with legal and financial advisors to ensure a smooth transition and protect the interests of the business and its stakeholders.

Building Long-Term Relationships:
View investor relationships as long-term partnerships rather than short-term financial transactions. Nurture the relationships even beyond the investment period. Consider involving investors in subsequent funding rounds or new ventures, if appropriate. Building lasting relationships fosters a supportive investor network and increases the likelihood of future investments or referrals.

Managing investor relationships is critical for maximising the value of venture capital funding in South Africa. By maintaining open communication, aligning expectations, engaging investors proactively, demonstrating good governance, leveraging investor expertise, and managing exits effectively, businesses can foster strong and fruitful relationships with their investors. These relationships go beyond financial backing and can provide strategic guidance, access to networks, and future investment opportunities. By nurturing these relationships, businesses can leverage the full potential of their investors and position themselves for sustained growth and long-term success in the South African market.

Proactive Investor Relations:
Dedicate resources to investor relations activities to ensure effective management of investor relationships. Designate a point person or team responsible for investor communications and relationship management. This ensures that there is a dedicated focus on maintaining strong connections with investors and addressing their needs and inquiries in a timely manner. Promptly respond to investor queries and provide the necessary information to keep them informed and engaged.

Alignment of Interests:
Strive to align the interests of the business and its investors. Demonstrate a commitment to maximising shareholder value by pursuing strategies that prioritise long-term sustainable growth. Highlight initiatives that demonstrate social and environmental responsibility, as sustainable practices are increasingly important to investors. By aligning interests, businesses can foster a sense of partnership and mutual benefit, further strengthening the investor-business relationship.

Flexibility and Adaptability:
Understand that investor needs and expectations may evolve over time. Flexibility and adaptability are key to managing investor relationships effectively. As the business grows and circumstances change, be open to discussing adjustments to the investment terms or providing additional information that investors may require. By demonstrating flexibility and a willingness to adapt, businesses can maintain positive and constructive relationships with their investors.

Appreciation and Recognition:
Show appreciation for the support and trust that investors have placed in the business. Recognise their contributions and celebrate milestones together. Consider hosting investor events or providing exclusive updates and insights to demonstrate the value they bring to the business. A strong sense of appreciation and recognition helps foster a positive and mutually beneficial relationship between the business and its investors.

Conflict Resolution:
In the event of disagreements or conflicts, address them promptly and professionally. Openly communicate concerns and work towards finding mutually acceptable solutions. Engage in constructive dialogue and, if necessary, involve mediators or advisors to facilitate the resolution process. Resolving conflicts in a timely and respectful manner demonstrates a commitment to maintaining strong investor relationships and can prevent long-lasting damage to the partnership.

Networking Opportunities:
Create opportunities for investors to connect and interact with each other and with the broader business community. Host investor events, conferences, or networking sessions where investors can share experiences, insights, and best practices. Facilitating networking opportunities not only strengthens the relationships between the business and its investors but also fosters a supportive investor community that can provide valuable connections and collaborations.

By implementing these strategies, businesses can effectively manage their investor relationships and maximise the value of venture capital funding in South Africa. Strong investor relationships go beyond financial support and can provide access to expertise, networks, and future opportunities. By nurturing these relationships with transparency, communication, and mutual respect, businesses can create a supportive ecosystem that contributes to their long-term success.

4) Positioning for Long-Term Success

Securing venture capital funding in South Africa is an important milestone for businesses, but it is equally essential to focus on long-term success beyond the initial investment. Positioning the company for sustained growth and profitability requires strategic planning and proactive measures. Here are key considerations for businesses to position themselves for long-term success:
positioning 300x240 1 Maximising the Value of Venture Capital Funding in South Africa: Considdering Post-Investment Strategies

a) Define and Refine the Business Strategy:
A clear and well-defined business strategy is crucial for long-term success. Evaluate the market dynamics, competitive landscape, and customer needs to refine the strategy based on the insights gained from the venture capital funding. Ensure that the strategy aligns with the company’s mission and values, and outline specific goals and milestones to track progress. Regularly review and refine the strategy to adapt to evolving market conditions and opportunities.

b) Strengthen the Leadership Team:
A strong leadership team is vital for driving long-term success. Evaluate the skills and expertise within the team and identify any gaps that need to be filled. Attract and retain top talent by offering competitive compensation, growth opportunities, and a positive work environment. Empower the leadership team to make strategic decisions and foster a culture of innovation, collaboration, and continuous improvement.

c) Build a Resilient Organisational Culture:
Cultivating a resilient organisational culture is essential for long-term success. Encourage a culture that embraces change, innovation, and adaptability. Foster open communication, transparency, and collaboration throughout the organisation. Establish core values that guide decision-making and behavior, ensuring that they align with the company’s long-term vision. Invest in employee development and engagement initiatives to build a motivated and high-performing workforce.

d) Focus on Customer Satisfaction:
Prioritise customer satisfaction to build a loyal customer base and ensure repeat business. Continuously monitor and assess customer feedback and expectations. Regularly evaluate and enhance the customer experience by providing exceptional products, services, and support. Anticipate customer needs and stay ahead of emerging trends to maintain a competitive edge. Develop customer-centric strategies and initiatives to deliver value and exceed customer expectations.

e) Leverage Data and Analytics:
Utilise data and analytics to gain insights into customer behavior, market trends, and operational performance. Implement robust data collection and analysis processes to make informed decisions. Leverage advanced analytics techniques, such as predictive modeling and customer segmentation, to identify opportunities for growth and optimise business operations. Data-driven decision-making enhances efficiency, supports innovation, and positions the company for long-term success.

f) Invest in Technology and Infrastructure:
12Embrace technology and invest in robust infrastructure to support growth and scalability. Assess the existing technology stack and identify areas that need improvement or modernisation. Explore emerging technologies and digital solutions that can enhance operational efficiency, improve customer experience, and drive innovation. Prioritise investments in cybersecurity to protect sensitive data and ensure business continuity.

g) Continuous Innovation and R&D:
Maintain a focus on continuous innovation and research and development (R&D). Foster a culture of creativity and encourage employees to contribute ideas and solutions. Allocate resources for R&D activities to develop new products, improve existing offerings, and stay ahead of the competition. Collaborate with industry partners, academic institutions, and research organisations to access external expertise and leverage collective knowledge.

i) Maintain Financial Discipline:
Adopt sound financial management practices to ensure the long-term financial health of the business. Develop financial forecasts, monitor key financial metrics, and implement effective budgeting and cost control measures. Maintain a healthy cash flow and seek opportunities for revenue diversification. Regularly assess the financial performance of the company and make data-driven decisions to optimise resource allocation and mitigate risks.

j) Strategic Partnerships and Collaborations:
Forge strategic partnerships and collaborations to access complementary resources, expand market reach, and drive innovation. Identify potential partners, suppliers, or distributors who align with the company’s values and strategic objectives. Collaborate with industry leaders, research institutions, or startups to leverage their expertise, share knowledge, and explore joint opportunities. Strategic partnerships can provide access to new markets, technologies, and resources, accelerating the company’s growth trajectory and positioning it for long-term success.

k) Stay Ahead of Regulatory and Compliance Requirements:
South Africa has specific regulatory and compliance requirements that businesses must adhere to. Stay updated on industry regulations and ensure full compliance to avoid any legal or reputational risks. Proactively engage with regulatory authorities and industry associations to stay informed about changes and actively participate in shaping industry standards. By demonstrating a commitment to regulatory compliance, businesses build trust and credibility with investors, customers, and stakeholders.

l) Monitor Market Trends and Emerging Opportunities:
Continuously monitor market trends, consumer preferences, and emerging opportunities within the industry. Stay abreast of technological advancements, disruptive innovations, and changing customer behaviors. Conduct market research and competitive analysis to identify gaps and potential areas for growth. Being proactive in identifying and capitalising on market trends positions the company as a leader and enables it to seise emerging opportunities.

m) Review and Optimise Operations:
Regularly review and optimise internal operations to enhance efficiency and effectiveness. Streamline processes, eliminate bottlenecks, and leverage automation and technology solutions were applicable. Conduct regular performance assessments to identify areas for improvement and implement best practices. Efficient and streamlined operations provide a solid foundation for growth and long-term success.

o) Stay Connected with the Ecosystem:

Engage with the broader business ecosystem, including industry associations, networks, and government agencies. Participate in relevant events, conferences, and forums to stay connected with industry trends, insights, and opportunities. Build relationships with key stakeholders, investors, and influencers to expand the company’s network and access valuable resources and support.

p) Plan for Succession and Scalability:
Develop a succession plan that ensures the continuity of leadership and management as the business grows. Identify key positions and individuals who can take on increased responsibilities in the future. Implement scalable processes and systems that can accommodate growth without compromising efficiency or quality. A well-defined succession plan and scalable infrastructure enable smooth transitions and facilitate sustainable expansion.

Positioning a business for long-term success after securing venture capital funding requires a strategic and holistic approach. By defining a clear business strategy, strengthening leadership, fostering a resilient culture, prioritising customer satisfaction, leveraging data and technology, investing in innovation, and building strategic partnerships, businesses can position themselves for sustainable growth in the South African market. Additionally, maintaining financial discipline, staying ahead of regulatory requirements, monitoring market trends, optimising operations, and staying connected with the ecosystem are crucial components of long-term success. By proactively implementing these strategies, businesses can maximise the value of venture capital funding and create a solid foundation for a prosperous future.

Final Thoughts

Venture capital funding can be a game-changer for South African businesses, providing the necessary resources to fuel growth and innovation. However, securing funding is just the beginning of the journey. To maximise the value of venture capital investment, businesses must employ effective post-investment strategies.

By utilising the investment effectively, developing growth strategies, managing investor relationships, and positioning themselves for long-term success, South African entrepreneurs can create sustainable businesses that thrive beyond the initial funding round. Remember, success in the startup ecosystem is not solely dependent on securing venture capital, but rather on how effectively that capital is utilised to drive growth, innovate, and position the business for long-term success in the dynamic and competitive South African market.

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Matthew Musgrove

Matthew is an entrepreneur and business Advisor with a passion for change management and social empowerment. With a background in business accounting and advisory, as well clinical research project management, he strives to find strategic and sustainable solutions to business problems.

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MARK VAN HOFF

Mark Van Hoff comes from background of technical & production planning, budgeting & scheduling of major live events. As the first production co-ordinator at M-NET for Outside Broadcasts, Mark has managed major local and international productions including Miss South Africa, Miss World, multiple music events and major sports events, including the PnP Cycling Tour.​Mark co-founded Van-Man Productions in 1994, Page to Picture in 2000 and Move Media Networks in 2007. All three companies have achieved domestic success and have been well-regarded in the South African production industry.

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OLUWASEUN ADEWUYI

Oluwaseun Adewuyi who is the Group Chief Finance Officer (CFO) at Caban, is a Certified Chartered Accountant, with Fellowship status at both the ACCA as well as the Institute of Public Finance and Accountancy, a UK Based industry body with a specific focus on the management of charities, not-for-profit organisations and NGOs.. Oluwaseun comes with strong business acumen and 20+ years of progressive experience in finance and operations management within well-reputed and high growth organisations Including Next Plc and Royal Mail. He has been heavily involved in impact investment across Sub-Saharan Africa and has been instrumental in the creation of a series of community schools in West Africa. Throughout his career, he oversaw a broad range of operations, including Business Strategy and Business Reorganisation, summarising the organisation’s financial status, and coordinating the preparation of tactical plans, financial forecasts, and budgets. Adept at developing and implementing effective internal control framework to maintain sound financial accountability.

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TIM SCHOLTZ

Tim Scholtz, who's is the Chief Operating Officer (COO) at Caban Investments, is experienced in implementing corporate governance guidelines, formulating risk management structures, process and cost optimization. Tim has a strong corporate background, having worked as COO at the South African Tourism board, was COO at the Nelson Mandela foundation and as a internal audit manager at Arthur Anderson earlier in his career.

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BEN BOTES

Ben Botes is Entrepreneur, VC, co-Founder, Author and Academic with a strong social conscience. Ben Involved with early stage and growth firms for the past 20 years and has been Co-founder of 9 separate businesses across Africa. Ben has directly and indirectly been involved in impact investment and the support of charities and non profits for the last 30 years. Ben is a regular speaker at the African Investment Conference in London and has been featured in Wall Street for Europe, The Guardian Small Business, BBC, the Mail and Guardian in the UK and BizCommunity, Channel 3 TV, Investors Weekly, The Cape Times, Radio 702 with John Robbie and Good Hope FM in South Africa

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DAVE ROMERO

Dave Romero is a venture capitalist and entrepreneur with a passion for making an impact. A qualified Professional Accountant, Dave has been a director in multiple financial institutions and was once the youngest Chairman on the JSE, in addition to being listed as one of Business Times’ Top 100 companies and the 40th fastest-growing company in South Africa. Dave is a core founder of the Caban Group, which aims to provide a comprehensive service offering to small businesses in return for equity. With a passion for nurturing entrepreneurs, Dave can often be found outside of the boardroom – offering advice, creating innovative funding solutions and building communities through sustainable practices.

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Dr Ruben Richards is a truly inspirational South African leader. Through his peace-building seminars for criminal gangs, Dr Ruben has facilitated the longest ceasefire in the history of gang warfare on the Cape Flats. In addition to being Chairman & Founder of the non-profit Ruben Richards Foundation, Dr Ruben is an ordained cleric, company director, non-executive Chairman of Visual International Limited and was once the Deputy Director-General of the now-disbanded Scorpions.