Ethos Capital, an investment holding company with stakes in TymeBank, Ster Kinekor and Brait, has issued an upbeat forecast for the private equity industry, saying it is encouraged by signs of economic recovery and heightened investor interest in SA.

In the year to end-June the pandemic-induced economic restrictions wiped out about R120m in value from Ethos’s stakes in companies that also include media group Primedia, and corporate clothing and promotional gifting wholesaler Kevro...

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