Johannesburg – Alternative investment platform Altvest Capital, listed on the JSE’s AltX board, has reported a drop in full-year attributable profit to R47.94 million, down from R60.66 million in the previous financial year. Headline earnings per share also declined to 4.70 cents, compared to 6.21 cents a year earlier.
Despite the earnings decline, revenue surged more than sevenfold to R7.58 million for the year ended February 28, from R973,261 previously. The company, which is black-owned and managed, declared no dividend for the reporting period as it continues to invest in building its alternative investment ecosystem.
Altvest Capital provides retail and institutional investors with access to private market opportunities, including SME funding, venture capital, and other high-growth strategies. The company said it is now preparing to expand its range of investment structures in response to shifting investor and entrepreneurial needs.
In the company’s inaugural integrated annual report, Chairperson Stafford Masie said the coming year marks a shift from vision to execution.
“With multiple funds launched or in development — from SME credit to township economy initiatives and entertainment finance — Altvest has laid the foundation for a resilient and diversified investment platform,” Masie said.
Masie also revealed that Altvest has adopted Bitcoin as a treasury reserve asset, describing the move as a strategic hedge against currency volatility and inflation risk. He acknowledged the challenges facing listed small-cap stocks in South Africa but said the board is committed to driving long-term shareholder value through investor education, strategic governance, and sustained performance.
“Altvest is becoming what we envisioned: a platform funding the next generation of South African businesses while opening up wealth-building opportunities for everyday investors,” he said.
CEO Warren Wheatley echoed this sentiment, noting that Altvest has been a pioneer in offering structured funding to entrepreneurs since its 2022 inception. He pointed to the Altvest SA Rugby initiative as a standout example of the company’s innovation — offering investors a stake in one of the country’s most iconic sporting institutions.
“Through partnerships with firms like 27four, EasyEquities, and RainFin, we’re using capital markets to help ensure the long-term sustainability and global competitiveness of South African rugby,” said Wheatley.
Looking ahead, Altvest plans to launch several new investment products in 2025:
- Altvest Orient Opportunities Fund (AOOF): A fund-of-funds providing access to Chinese venture capital.
- Altvest Bitcoin Strategies (ABS): A structured product offering leveraged exposure to Bitcoin.
- Altvest SBC High Impact Seed Fund (ASIS): A fund targeting high-potential early-stage tech startups.
Other pipeline opportunities include investments in township economies, entertainment and performing arts, and a multi-asset diversified investment vehicle, the Altvest Opportunities Fund (AOF).
Altvest’s leadership maintains that despite market headwinds, the firm is well-positioned to reshape South Africa’s alternative investment landscape by bridging the gap between innovative funding models and inclusive investor access.