Investment Philosophy

It is possible to do good and to do well.

Survé Group Holdings (SGH)’s investment philosophy is that it is possible “to do good and to do well”. This investment philosophy is achieved through shared value creation and growth in all of our partnerships with all stakeholders.

The two halves of that phrase are load-bearing. “To do well” means the Group is a commercial investor answerable for returns; it is not a foundation, and businesses that cannot stand on their own economics are not sustained indefinitely. “To do good” means those returns must not be produced by extracting value from employees, partners or the public.

In practice this makes the Group a patient, concentrated investor rather than a diversified one. We would rather hold six sectors we understand deeply, with operating influence and long horizons, than a wide portfolio of passive positions.

How we apply it

Six Operating Principles

Shared Value Creation

A transaction that enriches one party at another’s expense is not a deal we want. We structure for shared upside across shareholders, employees, partners and the communities our businesses operate in.

Long Holding Periods

We are investors, not traders. Skills transfer, management depth and brand equity compound over years, and none of them survive a portfolio churned for short-term marks.

Sectors That Change Cost Structures

We favour energy, connectivity, logistics and information — the inputs that determine what everything else in an economy costs — over businesses that simply capture existing spend.

Ownership That Stays On The Continent

Where we partner with global firms, we do so as an equity partner with real ownership and delivery capability, not as a local distribution channel.

Transformation As A Return Metric

Black ownership, management representation and accredited skills development are reported and reviewed alongside financial performance, not appended to it.

Governance Before Scale

Every business we hold is expected to meet the Group’s governance standard before it is given capital to grow, because scale multiplies weak controls as readily as strong ones.

As Africans our greatest opportunity to make a difference lies in transforming the social and economic landscape in Africa.
— Dr Iqbal Survé