Legal Syndication Primer South Africa

This short guide was developed as a resource for a new supplementary AAA module, the AAA Active
Angel Series Syndication Module. This module builds on the AAA foundational online course and aims to
equip programme alumni with the knowledge and confidence to participate in syndicated deals, and to
promote collaboration within the angel investing ecosystem. The guide outlines common syndication and
angel deal structures available to angels in South Africa as of January 2023