South Africa: Spear Capital invests R100mln in RunwaySale
Tuesday, 02 June 2020 13:38
In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed.
The financing will support the expansion of the company, founded in 2012 by Karl and Elmien Hammerschmidt, on a local fashion market that is expected to generate up to $1 billion in revenues this year according to the German stats portal Statista.
RunwaySale, which offers more than 300 fashion brands, intends to continue its development primarily in the local market and probably later in the sub-region.
On the African continent, Spear Capital is present in the consumer goods, retail and health services sector with financing generally ranging from $2 million to $10 million.
Chamberline Moko
Live News
-
Cameroon: BEAC backs CFA52.2bn Camtel investment plan through special facility
19:34
-
Mali appoints former Barrick executive to lead new mining regulator
19:03
-
Tin Boom Continues for Emirati Investor IRH in Congo
19:00
-
Togo’s extractive revenues jump 553.8% in 2023, driven by debt-offset operations
18:18
-
Togo Launches First Comedy Training School in Aného
19:11
-
Togo Delivers Electric Vehicles To Environment Ministry, Golfe 3 Municipality
17:51
-
Togo Tax Authority Briefs Businesses On Key 2026 Budget Measures
17:32
-
Government, Business Leaders Map Power Sector Fix to Lift Industrial Output
16:42
-
At Brazzaville Summit: CEMAC Pushes Debt Discipline and Import Substitution to Secure CFA Stability
16:41
-
Cameroon Greenlights FCFA 16.5bn Budget to Power Rural Livestock and Fish Value Chains
16:39
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Orange Côte d’Ivoire, with Eutelsat, introduced satellite internet to reach rural and underserve...
A local bank pool will finance Camtel’s CFA52.2 billion network expansion. BEAC approved CFA31.3 billion in refinancing via its special facility. The...
President Goïta named Hilaire Bebian Diarra as mining activities commissioner. The new body will oversee mining code compliance and sector...
Tin production rose 7% in 2025 while EBITDA increased 25%. Output exceeded targets despite a temporary halt at the Bisie mine. Record tin prices...
Extractive revenues rose to CFA124.25 billion in 2023 from CFA19 billion a year earlier. The increase was driven mainly by CFA102.99 billion in...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...