South Africa Investments

Financial Services

Izwe Loans

Izwe Loans is a specialist finance company targeting the formally employed market with an unsecured, salary based term-loan offering. The company has grown into a dynamic, rapidly developing, pan-African micro-finance organisation with operations in South Africa, Ghana and Zambia. The company was established in South Africa in 2004 opening its first branch in Pretoria, Gauteng. Since then, there has been a steady and managed progression of branch openings and is now represented by 30 branches nationwide. It operates as a registered micro-financier and makes unsecured loans and has disbursed over R1 billion to date to over 160 000 customers. Capricorn acquired a shareholding in Izwe Loans in May 2007.

Prime Meridian

Prime MeridianDirect is a direct marketing intermediary that focuses on the innovation of quality, highly affordable financial services products targeted at covering the biggest risks first. Its portfolio of products covers personal insurance, hospital insurance and motor insurance which are underwritten by recognised insurers including RMB Structured Insurance Limited and Constantia Insurance Company Limited. Capricorn acquired a shareholding in Prime Meridian Direct in July 2007.

Merchant Capital

Merchant Capital provides an innovative solution for small and medium businesses to access working capital by using a unique model based on future credit and debit card sales to provide a cash injection for growth. Capricorn acquired a shareholding in Merchant Capital in December 2013.

Westbrooke Capital Management

Westbrooke Capital Management was founded in order to dedicate focus to special opportunities identified by Westbrooke and Capricorn in the South African small-mid cap listed companies. The Westbrooke Capital Management Special Opportunities fund was launched in June 2012 and provides investors with attractive risk adjusted returns with a low correlation to the wider market. Capricorn holds an equity interest in the Fund through Westbrooke.

Industrial

Westbrooke

Westbrooke is a value-adding importer, distributor, manufacturer and retailer of quality own and third-party branded products to the industrial, commercial and consumer sectors. Through platform and bolt-on acquisitions, and strategy-led organic growth, Westbrooke has become a diversified industrial group that transforms good, privately owned businesses into industry-leading companies. Its turnover is in excess of R2bn per annum and it employs over 2,200 people. Westbrookes major investments include Coricraft, Toolquip, Tecsa and the Westbrooke Special Opportunities Fund.

AFMETCO

AFMETCO ("African Metals Corporation” previously Eurosteel) is the premier stockist and distributor of stainless steel, special steels, aluminiumand other corrosion resisting materials in South Africa. The Group also distributes aluminium products for Hulamin and performs value added services for customers in stainless steel, aluminium and special steels. The group is predominantly positioned in South Africa but has operations in neighbouring countries, all of which combine to actively service Southern Africa and beyond. Capricorn acquired an indirect stake in Eurosteel in March 2006 when it facilitated a BEE transaction for the Company, whereby the Isitali Consortium acquired a stake in Eurosteel. Capricorn owns a significant interest in the Isitali Consortium. Capricorn made a further direct investment in Eurosteel in August 2006.

Toolquip

Toolquip is South Africa’s largest importer and distributor of specialised industrial equipment and engineering consumables. The full range includes abrasives, blading, cnc and conventional machine tools, compressors, cutting tools, engineering consumables, hand tools, machine tool accessories, measuring equipment and welding equipment. Capricorn funded a black empowerment investment by African Revival Holdings into Toolquip in April 2007.

Profibre Products

Profibre is a leading South African designer, manufacturer and supplier of glass reinforced plastic composites. Profibre supplies mainly to original equipment manufacturers in the commercial automotive market.The company has developed a competence to produce unique customised solutions for customers in very diverse industrial spheres, from mining and construction through to port services and petro-chemical plants. Capricorn acquired a shareholding in Profibre in December 2008.

Mvua

MVUA Property Partners (MVUA) is a property investment company founded in July 2005 by Hatla Ntene and Capricorn with primary focus on commercial property and the management therof. MVUA is a BEE company, held 90% by the Hatla Ntene Family Trust with Capricorn holding the remaining 10%.

Creative Mobile Holdings

Capricorn acquired an equity interest in Creative Mobile Holdings ("CMG ") in 2006. CMG is a full service mobile content and marketing companies focused on providing high quality services and innovative marketing and retailing of mobile content for cellphones.