Investments in South Africa

Direct investment

Total commitment (MNOK): 1183.2 MNOK

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

Indirect investment

Investment Sector Year Investor
Qorus Software Communication Horizon Equity Partners Fund III
Incubeta (Pty) Ltd Communication Horizon Equity Partners Fund III
ADVISOR PROGRESSIVE COLLEGE (PTY) LTD Education GroFin SGB Fund Limited Partnership
Sirac Energy Evolution One Fund
AFPOC Ltd Energy - wind Evolution One Fund
Diamond Trust Financial services GroFin SGB Fund Limited Partnership
Zambesi Akademie Financial services GroFin SGB Fund Limited Partnership
Orchards Executive Accomodation CC Financial services GroFin SGB Fund Limited Partnership
Tracetec (Pty) ltd Financial services GroFin SGB Fund Limited Partnership
Rail & Road (PTY) LTD Financial services GroFin SGB Fund Limited Partnership
Queenswood Christian School Financial services GroFin SGB Fund Limited Partnership
Terra San Food and agribusiness Agri-Vie II
BAXOPLEX Food and agribusiness GroFin SGB Fund Limited Partnership
Cape Olive Food and agribusiness Agri-Vie
Intelichem Food and agribusiness Agri-Vie
HIK Food and agribusiness Agri-Vie
Abagold Limited Food and agribusiness Evolution One Fund
MEDICURE 24 Health GroFin SGB Fund Limited Partnership
Cyclocor Manhole Covers Manufacturing GroFin Africa Fund
Ekandustria Brick & Sand Manufacturing GroFin Africa Fund
Cyclocor (Pty) Ltd Manufacturing GroFin Africa Fund
Mukhari signs and marketing enterprise (Pty) Ltd Manufacturing GroFin SGB Fund Limited Partnership
Dynamic Bedding Manufacturing Vantage Mezzanine Fund II
Biotrace Trading 221 (Pty) Ltd T/A New Africa Inks Manufacturing GroFin Africa Fund
Belrex 478 CC t/a Seasons Sport and Spa Manufacturing GroFin SGB Fund Limited Partnership
Harrismith Galvanizing Manufacturing GroFin Africa Fund
Hammarsdale Pipes & Fittings Manufacturing GroFin Africa Fund
Dew Crisp Manufacturing Agri-Vie
Wizzit Microfinance AfriCap Microfinance Investment C
Real People Investment Holding Microfinance Aureos Africa Fund
Pretoria Towers Other industrial partnerships Vantage Mezzanine Fund II
Kgoro Central Other industrial partnerships Vantage Mezzanine Fund II
Timrite Limited Other industrial partnerships Vantage Mezzanine Fund II
Diesel Rebar & Mesh Other industrial partnerships GroFin Africa Fund
Avante Trading 2016 CC Other industrial partnerships GroFin Africa Fund
TNJ PROJECTS SOLUTIONS (PTY) LTD Other services GroFin SGB Fund Limited Partnership
Kingtox Sa Cc Other services GroFin Africa Fund
Flavours of life Tourism GroFin Africa Fund
Zalonite (pty) Ltd t/a Circus Circus Cascades Tourism GroFin Africa Fund
Ivy Jewel 35 (Pty) Ltd Tourism GroFin Africa Fund
CSE Fitment Centres (Pty) Ltd Wholesale and retail GroFin Africa Fund
Silver Oaks Super Spar (Martiq 305 CC) Wholesale and retail GroFin SGB Fund Limited Partnership
HIGHWAY BP Wholesale and retail GroFin SGB Fund Limited Partnership
PICK & PAY VANDERBIJLPARK SE8 Wholesale and retail GroFin SGB Fund Limited Partnership
Maverick Trading Wholesale and retail GroFin Africa Fund
Visible Science Wholesale and retail GroFin Africa Fund
Austell Wholesale and retail Vantage Mezzanine Fund II

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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