Following changes that took place in 2017 with the appointment of the new MD, the Bosch Capital team has grown further in 2018 with Prudence Chauke coming on board as Administrator. With the addition of an Administrator to the team, Bosch Capital is able to efficiently address client queries, arrange client appointments, speaking engagements of the MD, and drive the company’s marketing and promotion strategy.
Bosch Capital is also now well represented in both Durban and Johannesburg offices. The presence of the team in Johannesburg is critical, and creates visibility and proximityto the head offices of commercial banks, asset managers, Development Finance Institutions (DFIs), and public-sector clients.
The new additions have had a positive impact on operations. To this end, Bosch Capital is making significant strides in business, with a number of new exciting projects that include:
- Ground breaking capital raising:
In March 2018 the company successfully raised R80 million in project finance from a DFI, plus a R50 million grant for a new water chemical blending plant to be established north of Pretoria. This project will see participation by a 100% black owned company in the water sector, and create over 100 new jobs.
- National Youth Fund:
In March 2018 the company was appointed by a national government agency to raise up to R1 billion in capital for the establishment of the National Youth Fund. The scope of work could also lead to Bosch Capital expanding its services to include fund management. The project will call for an innovative funding approach for youth owned SMEs, and will incorporate the transfer of critical business skills to beneficiary enterprises.
- Mergers and acquisitions:
In April 2018 the company completed due diligence and valuation of 2 fertilizer manufacturing businesses in Kwa-Zulu-Natal, on a transaction worth R35 million.
- Agri-processing projects:
Bosch Capital recognises the importance that agriculture must play in Africa to address food security, health and nutrition needs in the face of risks such as drought, climate change and increasing food prices. The company has been appointed as transaction advisor to develop a business plan and raise approximately R50 million in project finance for a greenfields agri-processing project in the Western Cape. Discussions to conceptualise, structure and raise project finance for a major Halaal industrial park project are also in progress.