SA AIRLINK

InvestCo acquired a 32.51% equity stake in SA Airlink in 2012 for a consideration of R 121m.

Urban Hotel Kathu

InvestCo acquired a 58% stake in Urban Hotel Kathu in 2012 for a consideration of R 13m. The investment was split into two allocating R 5m equity and R 8m as a shareholder’s loan.

Continental Coal

InvestCo acquired a 26% BBBEE equity shareholding in Continental Coal Limited for a consideration of R 215m.

Basil Read

InvestCo acquired 7 883 243 shares in Basil Read, representing an initial investment of 5.99% equity stake (pre-dilution) of the Basil Read shares in issue for R 99m. InvestCo subscribed for a further 33 607 507 “a” shares at a price of R 0.01 at a revised option exercise price of R 11.87 (post special dividend), representing potential 20.33%of the diluted outstanding shares in issue.

Kathu Solar Park

InvestCo through its wholly owned subsidiary acquired 12.5% equity interest in the Kathu Solar Park Project in 2016. This a 100 MW solar plant  commissioned by the Department of Energy as part of its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The construction of the solar plant takes place in Kathu in the Gamagara District Municipality. KSP is a long-term investment project with a 20-year life span funded using hybrid finance (Debt and Equity).

SIOC-cdt through InvestCo has acquired the above investments with the intention of achieving self-sustenance beyond the life of the Sishen Mine. The aim was to construct a well-diversified portfolio by selecting from various sectors that offer continuous investment options to achieve the sustainability of the Trust. The focus was on acquiring assets which would offer both real annual income returns and capital growth to be realised at divesting stages.