Edge Growth has invested in Letsema Consulting and Advisory (“Letsema”) through a fund it manages known as the Vumela ESD Fund. Letsema is a black-owned management consulting firm. The company is well-managed and has grown its presence in the consulting sector to over 100 clients and over 500 projects in 11 African countries. The Vumela ESD Fund was formed by Edge Growth in collaboration with FNB Business Banking with US$33m (R500-million) in assets under management. The amount invested or the stake acquired was not disclosed.
Edge Growth has since its inception in 2007, provided small-to-medium-enterprises with on-going business development support they need to unlock value and maximise their growth, profitability and capacity to create jobs since 2007. Each Enterprise and Supplier Development (ESD) fund is governed by an experienced board of trustees, professional investment committee and a specialist fund manager to ensure strategic, legal, financial and operational governance.