17 November 2010 SECURITIES AND EXCHANGE COMMISSION 100 F Street NE, Washington, D.C. 20549-0213. Via e-mail to:
[email protected] Dear Sir / Madam SOUTH AFRICA VENTURE CAPITAL AND PRIVATE EQUITY ASSOCIATION (“SAVCA”) SUBMISSION TO THE SEC IN RESPECT OF REGISTRATION UNDER THE PRIVATE FUND INVESTMENT ADVISERS REGISTRATION ACT OF 2010. � Below is a submission to you from two of the largest independent private equity fund managers in South Africa, namely Ethos Private Equity Limited and Brait S.A. as members of SAVCA. In the event that you have any queries regarding the below submission or wish to interact with any of the role players you can make contact with the following people: Contact Designation e-mail address Telephone number J-P Fourie Executive Officer of SAVCA
[email protected] +27 11 268 0041 Craig Dreyer CFO, Ethos Private Equity
[email protected] +27 11 328 7424 Ltd Mark Parsons CFO, Private Equity Funds,
[email protected] +27 11 507 1060 Brait S.A. We look forward to your feedback on our suggestions. Yours sincerely J-P Fourie Executive Officer PO Box 1140, Houghton, 2041, Suite N 204A, North Wing Office Block, Association incorporated in terms of Section 21, Reg. No. 2000/028170/08 204 Oxford Road, Thrupps Illovo Centre, Illovo, Johannesburg Directors: C Fernandez (Chairperson), C Dreyer, D Stadler, E du Toit, R Flett, Tel: +27 (0)11 268 0041 Fax: +27 (0)11 268 0527 F Gillion, P Helson, K Kunene, N Martin, N Mthembu, P Radebe, F Roji,
[email protected] Executive Officer: J-P Fourie www.savca.co.za SUBMISSION TO THE SECURITIES AND EXCHANGE COMMISSION (SEC) IN RESPECT OF THE REQUIREMENT FOR NON-RESIDENT INVESTMENT MANAGERS TO REGISTER UNDER THE PRIVATE FUND INVESTMENT ADVISERS REGISTRATION ACT OF 2010 The purpose of this paper is to provide you with background to the size of private equity commitments raised from US investors by non-resident private equity managers investing in South Africa, as well as regulations prevailing in South Africa.