01
Operating companies
Long-term interests in businesses, with ownership rights, funding responsibilities and governance established for each investment.
A considered investment mandate.
Operating businesses, property and diversified investments, governed within one family framework.
Areas of focus
Different assets.
One long-term perspective.
The appropriate ownership vehicle is selected asset by asset, with regard to financing, liability, co-investment and governance.
02
Property
Residential, commercial and investment property held directly or through an appropriate property vehicle.
03
Land and productive assets
Agricultural, industrial and other suitable assets assessed against the investment mandate and their commercial fundamentals.
04
Financial investments
Marketable investments, investment-company interests and other suitable assets that support portfolio diversification.
05
Regional and international
Potential investments in SADC and wider international markets, subject to transaction-specific legal, tax and funding review.
06
Liquidity and reserves
Liquid assets to meet operating, tax, acquisition and distribution commitments without forcing asset sales.
Proposed strategic asset
Mafube Industrial Group.
The proposed first investment is an 80% interest in Mafube Industrial Group (Pty) Ltd.
The company is intended to serve as the commercial sponsor and investment platform for the Mafube Development Program. This remains a proposed investment, rather than a completed holding.
View the proposed investment
Investment principles
Every commitment
has a framework.
01
Due diligence
Review commercial rationale, valuation, funding, legal and tax considerations before committing.
02
Appropriate structure
Use direct ownership, property vehicles or project companies where they best serve the investment.
03
Ongoing oversight
Maintain investment records, review risk and preserve sufficient liquidity for portfolio obligations.