164 Katherine Street, Sandton

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Section 12J has gained recognition as an important asset class, and with it the trust of a growing number of investors.

We established Grovest in 2012, having identified the opportunity to foster entrepreneurship in South Africa, and to support Government initiatives to stimulate the private sector and local economy. In 2014, we proudly pioneered the first Section 12J Venture Capital Company (VCC) to be launched in South Africa. Today, we are the largest administrator of Section 12J VCCs, administering more than 40 VCCs , with assets under management (AUM) in excess of R1.6 billion.

We have also launched and promoted a number funds, including MeTTa Capital Managers Proprietary Limited, Mdluli Safari Lodge Limited, Pepperclub Hotel Investments Proprietary Limited, Decentral Energy Capital Limited, Rencell Limited, and Sunstone Capital Limited.

We continue advocating for enhancements to Section 12J legislation in the best interests of our clients, investors in Section 12J, and other stakeholders in the asset class.

Every story comprises different chapters, and our story has certainly evolved over the years. While Section 12J remains our compass, we have expanded to offer clients more comprehensive services, including Compliance services, CAT II private equity fund administration and corporate finance.

our culture. our people.

We believe passionately in people, teamwork and the spirit of entrepreneurship. 

A certain way of thinking…

INNOVATE. challenge. PIVOT. PUSH. grow.
  • Revisit your goals on a daily basis
  • Challenge yourself often
  • Read and learn daily
  • Approach problems with solutions
  • Always be on the move, add value
Our mission

Continue being pioneers in the Section 12J industry while opening doors for entrepreneurs in South Africa.


Meet the team who are pioneering Section 12J

Malcolm Segal
Non-Executive Chairman, and Co-founder
Jeff Miller
CEO & Co-founder
Melanie de Nysschen
Non-Executive Director
Isaac Chalumbira
Non-Executive Director