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Apis Partners Announces Exit

Sarona Asset Management is pleased to announce another exit from our SGGM private equity programme. Apis Growth Fund I has entered into an agreement to sell the whole of its interest in payment solutions provider Q Link Holdings Ltd to Sanlam Private Equity (“SPE”). SPE will obtain a majority stake in Q Link with the acquisition of shares from the Fund and other shareholders, and will continue to steer Q Link’s growth in the coming years. Further details can be found on the attached press release.

News and Insights from Sarona

Q4 2022- Sarona Emerging Markets Monitor

The global economic outlook continues to remain challenging, particularly given the effects of higher inflation, as a result of supply side imbalances following covid-19 and subsequently the war in Ukraine. Energy and food prices remain major contributors to this surge with prospects of further rises in interest rates going into next year. With recessionary warning signs flashing, a flight to safety has strengthened the US dollar, with the index (DXY) peaking above 13% before softening to 4.6% YTD. Despite emerging markets facing higher import costs and stronger inflationary pressures as a result, including the prospects of depleted currency reserves, economic growth forecasts remain positive for this year, albeit at more moderated levels.

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The 2X Challenge: Insights from Sarona’s Portfolio

Sarona recently became a member of the 2X Global Initiative, a global membership association dedicated to advancing gender smart investments. We assessed if and how Sarona and our fund and company investees are aligned with the 2X Challenge objectives. Download the...

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