DOING BUSINESS IN SOUTH AFRICA HARITH GENERAL PARTNERS 2 Harith is - PowerPoint PPT Presentation

Financiers and developers of infrastructure projects Sipho Makhubela – MD Investments 1 DOING BUSINESS IN SOUTH AFRICA

HARITH GENERAL PARTNERS 2 ▪ Harith is an infrastructure fund management firm headquartered in South Africa with regional presence across the continent ▪ Today Harith manages 2 private equity infrastructure funds (PAIDF 1 and 2) with AUM in excess of USD 1bn and has various infrastructure fund JVs ▪ Investment focus in: Telecommunications, ▪ Energy, ▪ ▪ Transport, Health, ▪ Water and Sanitation ▪ ▪ PAIDF invests in infrastructure projects that make economic and developmental impact on the African continent

PORTFOLIO SUMMARY 3 SECTOR REGION SPONSOR ORIGIN Valuation Stake RATIONALE Subsea cable Portugal-Nigeria. Diversifying ICT West Nigeria $77m 21.7% revenue base through ownership of data storage facilities Provider of fibre optic and other ICT solutions in ICT South S.Africa $310m 27.2% South Africa South ICT Malawi $27m 60% Investment in OCL, a fibre optic provider in Malawi East ▪ Majority investor in Aldwych (94%), a power developer ▪ Merger of Aldwych with AFC’s power assets West, >50% Pan Energy South & $267m in finalised in Dec 2017, creating Anergi, the African East Anergi largest IPP on the Continent ▪ Interests in Rabai, LTWP, Kelvin, Azura, Amandi, Cenpower, Caebolica Lanseria: Established local airport with strong Transport South S. Africa $69m 37.5% growth prospects for commercial and regional air traffic Toll bridge in Abidjan: Strategic transport asset Cote Transport West $97m 26% with captive market backed by strong concession d’Ivoire agreement and MIGA cover 2 Tunisian airports. Currently impaired, but starting Transport North Tunisia $0m 18% to recover South & S. Africa/ Transport $20m 30% Pan-African rail owner and operator East E. Africa Integrated gas company specialising in solutions for Energy South S. Africa $13m 49% vehicular, industrial and commercial customers using Compressed Natural Gas technology Property South Bongwe Botswana $0.4m 15% PPP on the SADC headquarters

Energy Investments

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NOVO is an Integrated Natural Gas Energy and Technology Company DAUGHTER & OFF- GAS SUPPLY / SOURCE COLLECTION / DISTRIBUTION / CONSUMER LOADING COMPRESSION / TRANSPORTATION (PRESSURE LIQUEFACTION REDUCTIONREGAS CLEANING IFICATION / BOOSTER / METERING) GAS SUPPLY GAS INFRASTRUCTURE APPLICATION 6

Key Investments Enablers • Regulatory Framework • Legal framework & enforceability • Legal enforceability • Governance • Skills • Strong Institutions • Depth of financial markets • Political will • Local partnering 7

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