A private equity fund started by the great grandson of American brewing company Coors will be opening in Johannesburg and investing in Africa.

Africa’s private equity market is hotting up thanks the growing consumer class in Africa and potential returns of double what investors can expect.

More private equity investors are flocking to Africa, drawn by the prospect of outsize returns due to the continent’s stunning potential.

Private equity investors are continuing to invest in SA despite a global credit crunch, with the manufacturing and construction sectors favoured.