Private-equity investors in Southern Africa are closing deals again after a Covid-19-induced lull, tapping a cash pile that stood at more than R30bn ($2bn) in June, according to an industry association.

Businesses in the education, health care and retail sectors operating online are among the top picks for investors seeking to take advantage of market gaps amplified by the Covid-19 pandemic, Tanya van Lill, head of the Southern African Venture Capital and Private Equity Association, said by phone...

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