Finance Monthly - September 2023

We are in the process of completing an IPO of one of our investments on a new local stock exchange, which was a great experience working with the team on the project. Listed Investments with strategic intent. With the positions we hold in other listed entities, there is always a strategic intent. Most of our industry consolidations are based on the legacy assets of a firstgeneration entrepreneur. NIO found a way to create a long-awaited exit for these owners that had limited succession plans in place for the business. Coal to Renewable (CTR) During our last 8 years of investments, the group has always envisaged the switch to renewable and alternative energy sources. Coal remains the most available energy source around for the development and the fast population growing countries. Renewable projects’ costs have been reduced dramatically but are dependent on historic distribution networks that are, in some cases, old and unreliable. Renewable Investments Strategy in Africa Since 2015 our various private equity funds have actively participated in the funding and development of various renewable energy projects. South Africa is currently in a big energy crisis that revolves around the lack of generation capacity due to a lack of maintenance. Fueled by internal political issues, businesses and the public have started resolving the issue themselves. MedTech and Information Technology Our long-term strategy is to focus on the constantly growing advancement in medical technology and the overall application of that in our business models for sustainable growth and profit. The result of these rapid changes is its effect on the mortality extension. Our funds are structured into the following categories: Renewable Energy and Mining: • Hydrogen and electricity generation. Food Security and Water Security Information Technology: • Artificial Intelligence. • MedTech and Fintech. • Quantum Computing. Financial Services (Pre and Post Investments cycle): • Listings. • Debt Raising. • Securitisation. • Fund of funds investing Finance Monthly. Investment 83

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