Investments in South Africa

Direct investment

Total commitment (MNOK): 1487 MNOK

Investment Sector Year Instrument Commitment
AfriCap Microfinance Investment C Microfinance 2007 Fund 0% 0.0
Afrinord Hotel Investments Tourism 2005 Equity and loan 9% 3.4
Agri-Vie Food and agribusiness 2010 Fund 55% 24.5
Agri-Vie II Food and agribusiness 2017 Fund 20% 23.4
Aureos Africa Fund Investment funds 2008 Fund 9% 11.5
Aureos Southern Africa Fund Investment funds 2003 Fund 50% 9.1
Bronkhorstspruit Biogas Plant Pty Ltd Energy - bio 2011 Equity 100% 21.8
Cape Dairy Biogas Plant Pty Ltd Energy - bio 2014 Loan 100% 4.8
Evolution One Fund Energy 2009 Fund 100% 7.4
Globeleq Ltd Energy 2014 Equity 33% 630.3
GroFin Africa Fund Investment funds 2008 Fund 10% 6.0
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 8% 10.0
Horizon Equity Partners Fund III Investment funds 2007 Fund 100% 10.0
KLP Norfund Investments AS Investment funds 2013 Equity 18.6% 91.1
Neofresh Food and agribusiness 2017 Equity 30% 12.2
Norfinance AS Financial services 2013 Equity 0% 0.0
Real People Investment Holdings (Pty) Limited Financial services 2009 Equity and loan 100% 127.5
Renewable Energy Holdings Pty Ltd Energy - hydro 2014 Equity 100% 31.4
Scatec Solar Kalkbult (RF) Pty Ltd Energy - solar 2012 Equity 100% 43.4
Scatec Solar SA Netherlands BV Energy - solar 2015 Equity and loan 100% 365.6
Spear Africa Holding II Manufacturing 2017 Fund 25% 15.3
Vantage Mezzanine Fund II Investment funds 2011 Fund 63% 33.2
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 6% 4.9

Indirect investment

Investment Sector Year Investor
ADVISOR PROGRESSIVE COLLEGE (PTY) LTD Education GroFin SGB Fund Limited Partnership
AFPOC Ltd Energy - wind Evolution One Fund
Abagold Limited Food and agribusiness Evolution One Fund
Austell Wholesale and retail Vantage Mezzanine Fund II
Avante Trading 2016 CC Other industrial partnerships GroFin Africa Fund
BAXOPLEX Food and agribusiness GroFin SGB Fund Limited Partnership
Belrex 478 CC t/a Seasons Sport and Spa Manufacturing GroFin SGB Fund Limited Partnership
Biotrace Trading 221 (Pty) Ltd T/A New Africa Inks Manufacturing GroFin Africa Fund
CSE Fitment Centres (Pty) Ltd Wholesale and retail GroFin Africa Fund
Cape Olive Food and agribusiness Agri-Vie
Cyclocor (Pty) Ltd Manufacturing GroFin Africa Fund
Cyclocor Manhole Covers Manufacturing GroFin Africa Fund
Dew Crisp Manufacturing Agri-Vie
Diamond Trust Financial services GroFin SGB Fund Limited Partnership
Diesel Rebar & Mesh Other industrial partnerships GroFin Africa Fund
Dynamic Bedding Manufacturing Vantage Mezzanine Fund II
Dynamic Fibre Moulding Manufacturing Horizon Equity Partners Fund III
Ebony Maternity Ward Other services GroFin SGB Fund Limited Partnership
Ekandustria Brick & Sand Manufacturing GroFin Africa Fund
F & M Balanco Investments CC Wholesale and retail GroFin SGB Fund Limited Partnership
Fifth Season Investments 134 Energy - wind Evolution One Fund
Flavours of life Tourism GroFin Africa Fund
Gibson Bay Wind Farm Energy - wind Evolution One Fund
HIGHWAY BP Wholesale and retail GroFin SGB Fund Limited Partnership
HIK Food and agribusiness Agri-Vie
Hammarsdale Pipes & Fittings Manufacturing GroFin Africa Fund
Harrismith Galvanizing Manufacturing GroFin Africa Fund
Hygrotech Food and agribusiness Agri-Vie
Incubeta (Pty) Ltd Communication Horizon Equity Partners Fund III
Intelichem Food and agribusiness Agri-Vie
Ivy Jewel 35 (Pty) Ltd Tourism GroFin Africa Fund
Kgoro Central Other industrial partnerships Vantage Mezzanine Fund II
Kingtox Sa Cc Other services GroFin Africa Fund
Lincoln Lubrication SA Other industrial partnerships Horizon Equity Partners Fund III
Lock it up CC Financial services GroFin SGB Fund Limited Partnership
MEDICURE 24 Health GroFin SGB Fund Limited Partnership
Maverick Trading Wholesale and retail GroFin Africa Fund
Mukhari signs and marketing enterprise (Pty) Ltd Manufacturing GroFin SGB Fund Limited Partnership
Nagina Funerals Other services GroFin Africa Fund
Orchards Executive Accomodation CC Financial services GroFin SGB Fund Limited Partnership
PICK & PAY VANDERBIJLPARK SE8 Wholesale and retail GroFin SGB Fund Limited Partnership
Pretoria Towers Other industrial partnerships Vantage Mezzanine Fund II
Proredo Beleggings (Pty) Ltd Wholesale and retail GroFin Africa Fund
Qorus Software Communication Horizon Equity Partners Fund III
Queenswood Christian School Financial services GroFin SGB Fund Limited Partnership
Rail & Road (PTY) LTD Financial services GroFin SGB Fund Limited Partnership
Real People Investment Holding Microfinance Aureos Africa Fund
Red Cap Kouga Holdco Energy - wind Evolution One Fund
Risk Trans Insurance Brokers Financial services GroFin Africa Fund
S. Bacher & Company Wholesale and retail Horizon Equity Partners Fund III
Silver Oaks Super Spar (Martiq 305 CC) Wholesale and retail GroFin SGB Fund Limited Partnership
Simacel 155 Pty Ltd Energy - solar KLP Norfund Investments AS
Simacel 160 Pty Ltd Energy - solar KLP Norfund Investments AS
Sirac Energy Evolution One Fund
SlimSun Solar Park Energy - solar Evolution One Fund
TNJ PROJECTS SOLUTIONS (PTY) LTD Other services GroFin SGB Fund Limited Partnership
Terra San Food and agribusiness Agri-Vie II
The Rothe Group (Pty) Ltd Financial services GroFin SGB Fund Limited Partnership
Timrite Limited Other industrial partnerships Vantage Mezzanine Fund II
Tracetec (Pty) ltd Financial services GroFin SGB Fund Limited Partnership
TrenStar Other industrial partnerships Vantage Mezzanine Fund II
Visible Science Wholesale and retail GroFin Africa Fund
Wizzit Microfinance AfriCap Microfinance Investment C
Zalonite (pty) Ltd t/a Circus Circus Cascades Tourism GroFin Africa Fund
Zambesi Akademie Financial services GroFin SGB Fund Limited Partnership

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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