Joint venture between the Mdluli Community and Mdluli Safari Lodge Limited.
Located on 850 hectares inside the borders of the Kruger National Park, of which the community has freehold title.
SANParks limits the number of privately operated lodges inside the Kruger National Park, resulting in a significant shortage of well-maintained, upmarket accommodation and thus high demand.
Development of a 100 bed lodge comprising 50 four-star luxury en-suite tents with central reception and amenities which include a restaurant, bar, lounge, conference facility, spa and swimming pool.
|Targeted Capital Raise||: R45 000 000|
|Opening Date||: January 29 2018|
|Closing Date||: February 28 2018|
|Minimum Investment||: R500 000|
|Fund Manager||: Venture Capital Management Services Proprietary Limited|
|Performance Fees||: 10%|
|Management Fees||: 1%|
|Capital Raising Fees||: 3%|
|Targeted IRR||: 17%|
|Targeted Dividend Yield||: 7.7%|
Please note that this fund is currently closed for investment.
After qualifying as a Chartered Accountant in 1972, Malcolm practiced as a partner of Grant Thornton LLP (Chartered Accountant and Business Advisers) and was elected Managing Partner of the Johannesburg office in 1986 and National Executive Chairman in 1989. Malcolm resigned from Grant Thornton LLP in 1997 to establish a private equity investment fund which he managed until acquired by Sasfin Holdings Limited in 2005. February 2012, Malcolm resigned from the boards of both Sasfin Holdings Limited and Sasfin Bank Limited to enable him to pursue his passion - entrepreneurship and entrepreneurial investment activities. Malcolm currently sits on the boards of various companies in which he holds private equity investments and inter alia is also an External Member of the Special Credit Committee of the Industrial Development Corporation of South Africa Limited and a member of the Listings Advisory Committee of AltX (Alternate Exchange of the Johannesburg Stock Exchange). Malcolm is also the Chairman of KMC Chain Industrial Co., Ltd.
Nick obtained his Bachelor of Commerce (Honours) degree at the University of the Witwatersrand. Nick started working as a marketing trainee with Colgate-Palmolive Proprietary Limited. Over the next 14 (fourteen) years he went on to become the Group Product Manager (United Kingdom), Managing Director Colgate Sports Group of companies, Deputy Managing Director Joseph Terry (New York), and Assistant Managing Director, Colgate Palmolive, Germany. He returned to South Africa where he joined Barlow Rand Limited.
Nick has served on the boards of Barlow Rand Limited, C G Smith Sugar Ltd, C G Smith Foods Limited, Tiger Brands Limited, Institute of Chartered Shipbrokers, Nedbank Ltd and Lodestone Brands Proprietary Limited, of which some he held an executive position as CEO. He currently serves on the board of Anchor Capital Limited, Medu Capital Proprietary Limited and Universal Paints Corporation Pvt Ltd and is an advisor to Sango Capital Management Proprietary Limited. Nick’s pro bono work includes Childline South Africa - Gauteng, The African Children’s Feeding Scheme, Finance Committee of St. Stithians College and a director of Conservation 360, an organisation which strives to protect endangered wildlife, and to provide safe habitats for elephant and rhino in Botswana.
Jeff is a qualified Chartered Accountant with over 30 (thirty) years experience investing in listed and unlisted companies across numerous industries. Jeff is a start-up specialist, having co-founded numerous companies including Brandcorp Proprietary Limited (listed on the Johannesburg Stock Exchange in 1997), KNR Flatrock Proprietary Limited, Balboa Finance Proprietary Limited, Born Free Investments 272 Proprietary Limited, Eurosuit Proprietary Limited, Bride and Co Special Occasions Proprietary Limited, Redwood Capital Partners Proprietary Limited, Seed Engine Proprietary Limited. Jeff is a co-founder of the Grovest Group and VCMS, the pioneers of Section 12J Venture Capital Companies in South Africa. VCMS is currently the administration manager for 25 (twenty-five) registered VCC’s. Jeff is also a founder of Metta Capital Managers, the first Section 12J fund of funds offering to the market. Jeff is a member of the sub-committee of The Southern African Venture Capital and Private Equity Association, focused on Venture Capital.
For the last 25 years, Mrs Nelly Mdhluli has played an active role in various Mdluli community activities including Chairperson of the Hlanganani Secondary School Governing Body, Chairperson of the Community Policing Forum, Chairperson of Dwaleni Clinic and as a Ward Committee member of the Mbombela Local Municipality. Mrs Mdhluli has been awarded numerous certificates in recognition of her invaluable service and contribution to the Mdluli Community activities. Mrs Mdhluli currently holds the following positions: Chairperson of Mdluli Traditional Council (since 2011); Deputy Chairperson of The Mdluli Trust (since 2011); Chairperson of the Board of Mdluli Lodge Investments (Pty) Ltd (since 2017); Board member of Mdluli Safari Investments (NPC) (since 2017); Vice President of Ubuhle Bembali Womens Burial Society; Mrs Mdhluli is also an entrepreneur in her own right and currently owns and operates a poultry distribution business.
BA (Hons), HED, Dip. Public Management, Dip. Environmental Management, Dip. Diversity Management Chris is a former Director of Public Land in the National Department of Rural Development and Land Reform in which capacity he developed several policy and procedure documents, policies and development programs. He serves as consultant and land administration and rural development specialist, advising the public and private sector. Chris is an expert in eco-tourism and is highly regarded in Southern Africa for designing integrated models combining environmental, land management, rural community, and public/private partnership structures and the establishment of community-government-private sector-owned land / wildlife resorts. Chris is passionate about tourism and community tourism development as the most successful economic sector to make a positive contribution towards creation of employment in poor rural communities bordering the Safari National Park and other nature reserves. His role as General Manager of Nkambeni Safari Camp, he has proven that community tourism projects can work if all relevant parties are committed to success and work together with mutual respect. Chris has designed and developed an extremely successful wildlife resorts utilising an integrated model, combining the South African National Parks, private / tour operator ownership, as well as the local community as shareholders. Chris has extensive and successful experience in combining land reform, wildlife resort management, public and private partnerships, local community development and advanced marketing and technology-based tools and techniques for maximising client attraction and optimising occupancy rates thus creating highly efficient operational facilities. He is also a SANParks Honorary Ranger and active conservationist.
Adv Buyile Mdluli, is an experienced lawyer, author, lecturer, mediator and facilitator. She is an admitted Advocate of the High Court of South Africa and holds a Master of Laws (LLM) degree in Commercial Law from the University of Cape Town. Her specialised qualifications include certificates in Project Management; Environmental Law Practice; Commercial Law Practice; Policy Writing, Implementation and Evaluation; Customer Relationship Management; Legislative Drafting and Conflict Resolution which were obtained from various universities and institutions in South Africa.
Key highlights and achievements include:
• Parliamentary law practice and constitutional litigation;
• Author of a published book titled, “Fundamentals of Security Vetting in a Democratic South Africa”, which is one of the few informative books on this topic to be published since South Africa became a constitutional democracy;
• Part of a team that played a critical role in ensuring that an Executive Programme in Security Vetting was introduced and offered by the School of Public Leadership, Stellenbosch University, and subsequently lectured in this programme;
• Presented several papers in the field of security vetting and women empowerment;
• Strategic analysis;
• Conflict management;
• Rendering legal advice and support to Companies, Trusts and Communal Property Associations
• Contract drafting and negotiation;
• Risk management and compliance;
• Alternative Dispute resolution (Conciliation, Mediation and Arbitration).
Advocate Mdluli is skilled in human capital management, leadership and corporate governance. She has gained the specialised skills and achievements in her field from both the private and public sectors over a period of at least 18 years.
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