News 2012

Quarter 4, 2012

Vox announces the appointment of Jacques du Toit as CEO of Vox Telecom. Jacques has been the Managing Director of Vox Orion since 2007 and has built a significant track record during this time. Jacques replaces the co-CEO’s, Doug Reed and Gus MacRobert. Doug remains an integral part of the executive management team while Gus leaves a year after joining Vox, having played a valuable role in the year by facilitating its delisting from the AltX of the JSE. In December, Vox distributed 44 cents per share, a total of R50 million to shareholders, taking total distributions for the calendar year to R100 million.

South Point achieved its highest ever pre-January occupancy rate for 2013 and management are confident of reaching a 95% occupancy rate once the February intake is over.

Astrapak announces the appointment of Robin Moore as Chief Executive Officer of Astrapak. Robin brings extensive experience in packaging, particularly flexibles packaging that represents a significant opportunity to Astrapak. Manley Diedloff was appointed as the Group Managing Director bringing to an end his period as acting Chief Executive Officer that he held since June 2012.

York announces a 15% increase in operating profit and 260% increase in profit after tax, reflecting the growth in the biological asset value that has been enabled by continual operational improvements over the last few years and a more favourable debt package that was negotiated at the end of 2011.

Quarter 3, 2012

Quarter 2, 2012

Lereko Metier Sustainable Capital Fund achieves its first closing.

Libstar concludes the acquisition of a 70% interest in the Elvin Group and 55% of Glenmor Products.

Astrapak announces the end of Marco Baglione’s appointment as CEO on 30 May 2012 and the appointment of Manley Diedloff, the current CFO, as acting CEO from 1 June 2012.

Vox distributes 45 cents per share, a total of R50 million to shareholders.

Ndumiso Davidson, an associate principal of LMCGF, joins South Point as Chief Operating Officer effective 1 July 2012. Ndumiso was intimately involved with the South Point investment for over five years while at Metier and brings a wealth of expertise and a passion for student accommodation to South Point.

Solafrica’s Bokpoort Concentrated Solar Power project is selected as the only CSP plant in the second round of the Department of Energy’s renewable energy procurement programme. The Bokpoort project is the largest selected in terms of capital to be deployed at over R4 billion.

Quarter 1, 2012

Libstar acquires a 65% interest in Multicup and increases its shareholding in Finlar to 94.5%. Libstar also concludes the sale of the Cereals division of The Blenders to Tiger Brands.

South Point continues to operate at levels exceeding those achieved in 2011 with occupancy levels of 96% for the overall combined student portfolio.

York announces the refinancing of its R600m debt package on significantly more favourable terms that allow the company to preserve its plantations and explore growth opportunities.

Solafrica bids its 50mW concentrated solar power project into the second round of the Department of Energy’s renewable energy procurement process with Lereko Metier alongside the IDC, ACWA Power of Saudi Arabia, and international development agencies FMO and DEG as equity partners.

Kurisani, PEACE and other charities bid into the second round of the RFP as local community and BEE partners, with the Metier sustainability team participating in and advising on 15 project bids comprising R16 billion of financing commitments and 860mW across wind and solar renewable technologies.

Clive Douglas Investments extends its offering to include fiduciary services and raises aggregate funds under management and advice to R1 billion.

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