Goldman Sachs Sees IPOs on South Africa Private-Equity Exits

Goldman Sachs Group Inc., which was the top underwriter of initial public offerings last year, expects new listings in South Africa to jump for the first time in three years as private-equity buyers sell investments.

“There could be a new wave of listings because of private-equity portfolio exits,” Colin Coleman, head of Goldman Sachs for sub-Saharan Africa, said in a Jan. 17 interview. Coleman declined to say which companies might go public other than Alexander Forbes Ltd., the retirement-fund administrator that’s already announced plans for an IPO in the second half of 2014.