Investments in South Africa

Direct investment

Total commitment (MNOK): 1183.2 MNOK

Investment Sector Year Instrument Commitment
Afrinord Hotel Investments Tourism 2005 Equity and loan 9% 3.3
Real People Investment Holdings (Pty) Limited Financial services 2009 Equity and loan 100% 123.3
Globeleq Ltd Energy 2014 Equity 31% 566.1
Norfinance AS Banking 2013 Equity 0% 0.0
Agri-Vie II Food and agribusiness 2017 Fund 20% 24.2
Spear Africa Holding II Manufacturing 2017 Fund 25% 16.0
Development Partners International III Investment funds 2019 Fund 15% 51.1
AfricInvest Financial Inclusion Vehicle LLC Banking 2018 Equity 10% 18.0
Neofresh Food and agribusiness 2017 Equity 30% 13.1
responsAbility Renewable Energy Holding Energy - hydro 2017 Equity 5% 4.3
Aureos Africa Fund Investment funds 2008 Fund 9% 11.0
GroFin SGB Fund Limited Partnership Investment funds 2015 Fund 8% 10.0
Scatec Solar SA Netherlands BV Energy - solar 2015 Equity and loan 100% 191.0
Renewable Energy Holdings Pty Ltd Energy - hydro 2014 Loan 100% 35.3
Horizon Equity Partners Fund III Investment funds 2007 Fund 100% 10.0
Cape Dairy Biogas Plant Pty Ltd Energy - bio 2014 Loan 100% 6.2
Vantage Mezzanine Fund II Investment funds 2011 Fund 63% 32.4
AfriCap Microfinance Investment C Microfinance 2007 Fund 0% 0.0
Agri-Vie Food and agribusiness 2010 Fund 55% 23.5
Evolution One Fund Energy 2009 Fund 100% 7.3
Aureos Southern Africa Fund Investment funds 2003 Fund 50% 9.3
GroFin Africa Fund Investment funds 2008 Fund 10% 5.8
Bronkhorstspruit Biogas Plant Pty Ltd Energy - bio 2011 Equity 100% 22.0

Indirect investment

Investment Sector Year Investor
Queenswood Christian School Financial services GroFin SGB Fund Limited Partnership
Silver Oaks Super Spar (Martiq 305 CC) Wholesale and retail GroFin SGB Fund Limited Partnership
Tracetec (Pty) ltd Financial services GroFin SGB Fund Limited Partnership
Zambesi Akademie Financial services GroFin SGB Fund Limited Partnership
Belrex 478 CC t/a Seasons Sport and Spa Manufacturing GroFin SGB Fund Limited Partnership
Timrite Limited Other industrial partnerships Vantage Mezzanine Fund II
Austell Wholesale and retail Vantage Mezzanine Fund II
Dynamic Bedding Manufacturing Vantage Mezzanine Fund II
Kgoro Central Other industrial partnerships Vantage Mezzanine Fund II
Pretoria Towers Other industrial partnerships Vantage Mezzanine Fund II
Real People Investment Holding Microfinance Aureos Africa Fund
Diamond Trust Financial services GroFin SGB Fund Limited Partnership
BAXOPLEX Food and agribusiness GroFin SGB Fund Limited Partnership
HIGHWAY BP Wholesale and retail GroFin SGB Fund Limited Partnership
MEDICURE 24 Health GroFin SGB Fund Limited Partnership
TNJ PROJECTS SOLUTIONS (PTY) LTD Other services GroFin SGB Fund Limited Partnership
ADVISOR PROGRESSIVE COLLEGE (PTY) LTD Education GroFin SGB Fund Limited Partnership
Terra San Food and agribusiness Agri-Vie II
Mukhari signs and marketing enterprise (Pty) Ltd Manufacturing GroFin SGB Fund Limited Partnership
Orchards Executive Accomodation CC Financial services GroFin SGB Fund Limited Partnership
PICK & PAY VANDERBIJLPARK SE8 Wholesale and retail GroFin SGB Fund Limited Partnership
Rail & Road (PTY) LTD Financial services GroFin SGB Fund Limited Partnership
Qorus Software Communication Horizon Equity Partners Fund III
Incubeta (Pty) Ltd Communication Horizon Equity Partners Fund III
Sirac Energy Evolution One Fund
Avante Trading 2016 CC Other industrial partnerships GroFin Africa Fund
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
AFPOC Ltd Energy - wind Evolution One Fund
Abagold Limited Food and agribusiness Evolution One Fund
Cape Olive Food and agribusiness Agri-Vie
Dew Crisp Manufacturing Agri-Vie
HIK Food and agribusiness Agri-Vie
Intelichem Food and agribusiness Agri-Vie
Cyclocor (Pty) Ltd Manufacturing GroFin Africa Fund
Cyclocor Manhole Covers Manufacturing GroFin Africa Fund
Kingtox Sa Cc Other services GroFin Africa Fund
Maverick Trading Wholesale and retail GroFin Africa Fund
Visible Science Wholesale and retail GroFin Africa Fund
Zalonite (pty) Ltd t/a Circus Circus Cascades Tourism GroFin Africa Fund
Ivy Jewel 35 (Pty) Ltd Tourism GroFin Africa Fund
Harrismith Galvanizing Manufacturing GroFin Africa Fund
Diesel Rebar & Mesh Other industrial partnerships GroFin Africa Fund
Ekandustria Brick & Sand Manufacturing GroFin Africa Fund
Flavours of life Tourism GroFin Africa Fund
Hammarsdale Pipes & Fittings Manufacturing GroFin Africa Fund
Wizzit Microfinance AfriCap Microfinance Investment C

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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