Project SunRise Oils — Appendices
Supporting appendices and reference schedules underpinning the Project SunRise Oils business plan and financial model.
Section 14 · Business Plan
Appendices
Supporting appendices and reference schedules underpinning the Project SunRise Oils business plan and financial model.
Appendix A — Glossary of Terms
| Term | Definition |
|---|---|
| AfCFTA | African Continental Free Trade Area — agreement reducing tariffs and trade barriers across 54 African countries. |
| B-BBEE | Broad-Based Black Economic Empowerment — South African transformation framework. |
| BFAP | Bureau for Food and Agricultural Policy — leading agricultural research institution in South Africa. |
| CAGR | Compound Annual Growth Rate. |
| CEC | Crop Estimates Committee — official body tracking SA crop production. |
| CCP | Critical Control Point — monitored stage in food safety / HACCP. |
| DFFE | Department of Forestry, Fisheries and the Environment. |
| DFI | Development Finance Institution (e.g., IDC, DBSA, AfDB). |
| DSCR | Debt Service Coverage Ratio — operating cash flow divided by debt service. |
| DTIC | Department of Trade, Industry and Competition. |
| EBITDA | Earnings Before Interest, Tax, Depreciation and Amortisation. |
| EIA | Environmental Impact Assessment. |
| EPCM | Engineering, Procurement and Construction Management contracting model. |
| FFA | Free Fatty Acid — quality parameter in edible oil. |
| FSSC 22000 | Food Safety System Certification 22000 — globally recognised standard. |
| HACCP | Hazard Analysis and Critical Control Points — food-safety methodology. |
| IDC | Industrial Development Corporation of South Africa. |
| IRR | Internal Rate of Return. |
| LTIFR | Lost-Time Injury Frequency Rate — per 1 million hours worked. |
| MT | Metric Tonne (1,000 kg). |
| NBD | Neutralisation, Bleaching and Deodorisation — refining process. |
| NPV | Net Present Value. |
| NEMA | National Environmental Management Act. |
| OEM | Original Equipment Manufacturer. |
| PPE | Property, Plant and Equipment. |
| ROIC | Return on Invested Capital. |
| ROE | Return on Equity. |
| SABS | South African Bureau of Standards. |
| SADC | Southern African Development Community — 16-country regional bloc. |
| SAFEX | South African Futures Exchange (now JSE Commodity Derivatives Market). |
| SAGIS | South African Grain Information Service. |
| SARB | South African Reserve Bank. |
| SARS | South African Revenue Service. |
| SDG | Sustainable Development Goal (United Nations). |
| TAM | Total Addressable Market. |
| TCFD | Task Force on Climate-related Financial Disclosures. |
| WACC | Weighted Average Cost of Capital. |
| ZAR | South African Rand — currency. |
Appendix B — Key Industry Sources & References
This Plan draws on the following authoritative sources, all dated
2024 / 2025:
- Bureau for Food and Agricultural Policy (BFAP) — BFAP Baseline
2025–2034 (www.bfap.co.za) - Crop Estimates Committee (CEC) — 9th Production Estimate 2024/25,
Department of Agriculture, Land Reform and Rural Development - South African Grain Information Service (SAGIS) — weekly market
intelligence and Sunflower & Soybean Forum
(www.sagis.org.za) - South African Grain Laboratory (SAGL) — Sunflower marketing
season reports (www.sagl.co.za) - Grain SA — Sunflower production and value-chain analysis
(www.grainsa.co.za) - Department of Agriculture, Land Reform and Rural Development —
Abstract of Agricultural Statistics 2025 - Agbiz — chief economist commentary on production and
policy - USDA Foreign Agricultural Service Pretoria — Oilseeds and
Products Annual SF2025-0010 - Mordor Intelligence — Sunflower Oil Industry & Africa Fats
and Oil Market reports, 2025–2026 - Fortune Business Insights — Sunflower Oil Market Report,
2026–2034 - IndexBox — Africa Sunflower-Seed and Safflower Oil Market Report,
2025 - FactMR — Sunflower Oil Market 2025–2035
- South African Bureau of Standards (SABS) — SANS 1399 / SANS 289
specifications
Appendix C — Key Approvals & Permits Schedule
| Approval / Permit | Issuing Body | Status | Notes |
|---|---|---|---|
| Companies Act registration | CIPC | In place | Registered as Pty Ltd |
| Tax compliance (PAYE, VAT, CIT) | SARS | In place | Tax clearance current |
| Environmental Authorisation (NEMA) | DFFE | In progress | Targeted by Month 3 |
| Water Use Licence | DWS | In place | Existing site licence to be amended |
| Atmospheric Emission Licence | Local Municipality | In place | Renewal due Month 18 |
| FSSC 22000 certification | Accredited Body | In place | Re-certification annually |
| ISO 9001 certification | Accredited Body | In place | Re-certification annually |
| Trade licence | DTIC | In place | Valid for current operations |
| B-BBEE verification | Accredited Verifier | In place | Annual verification |
| Building plans approval | Local Municipality | Targeted M3 | Pre-application engaged |
| AGOA exporter registration | DTIC / SARS | Targeted M22 | Required for US export upside |
| Halaal & Kosher certification | SANHA / UOS | Targeted M19 | For consumer brand |
Appendix D — Detailed CAPEX Schedule
| CAPEX item (ZAR M) | Y0 | Y1 | Y2 | Y3-5 | Total |
|---|---|---|---|---|---|
| Crushing line | 85 | 150 | 50 | 0 | 285 |
| Refining plant (NBD) | 20 | 120 | 95 | 0 | 235 |
| Bottling lines | 0 | 60 | 60 | 0 | 120 |
| Silo & storage | 60 | 60 | 0 | 0 | 120 |
| Solar PV (8 MW) | 20 | 55 | 0 | 0 | 75 |
| Logistics & fleet | 10 | 30 | 10 | 0 | 50 |
| Civils & buildings | 30 | 70 | 0 | 0 | 100 |
| IT, instrumentation, control | 15 | 20 | 10 | 0 | 45 |
| Engineering & PM | 10 | 12 | 5 | 0 | 27 |
| Total expansion CAPEX | 250 | 577 | 230 | 0 | 1,057 |
| Less: contingency utilisation | — | — | — | — | (35) |
| Maintenance CAPEX | 0 | 15 | 19 | 72 | 106 |
Note: Total expansion CAPEX of ZAR 1,057M reflects gross technical
scope. The funded ZAR 850M raise is structured against ZAR 745M of
immediate-priority CAPEX (Y0–Y2), with subsequent Year 3+ enhancement
CAPEX funded from internally generated cash flow.
Appendix E — Detailed Revenue Build
| Revenue driver | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| Crushing volume (000 MT) | 112 | 175 | 234 | 260 | 276 |
| Crude oil produced (000 MT) | 42.6 | 66.5 | 88.9 | 98.8 | 106.3 |
| Crude oil sold B2B (000 MT) | 10.0 | 14.0 | 17.5 | 20.0 | 21.0 |
| Crude oil to refining (000 MT) | 32.6 | 52.5 | 71.4 | 78.8 | 85.3 |
| Refined oil sold (000 MT) | 33 | 60 | 102 | 126 | 143 |
| Refined oil avg price (ZAR/MT) | 32,800 | 34,440 | 36,160 | 37,970 | 39,870 |
| Crude oil avg price (ZAR/MT) | 28,500 | 29,925 | 31,420 | 32,990 | 34,640 |
| Oilcake produced (000 MT) | 60.5 | 94.5 | 126.4 | 140.4 | 149.0 |
| Oilcake avg price (ZAR/MT) | 5,800 | 6,090 | 6,395 | 6,715 | 7,050 |
| Crude revenue (ZAR M) | 285 | 410 | 525 | 612 | 690 |
| Refined revenue (ZAR M) | 120 | 285 | 480 | 615 | 745 |
| Oilcake revenue (ZAR M) | 165 | 235 | 305 | 360 | 405 |
| Total revenue (ZAR M) | 570 | 930 | 1,310 | 1,587 | 1,840 |
Appendix F — Contact
For all enquiries relating to this Business Plan, capital raise
process, due diligence requests, and management presentations, please
contact:
Capital Raise Mandate Lead: [Name to be confirmed at funding
close] Email: investorrelations@projectsunriseoils.co.za Tel: +27 (0)11 XXX XXXX Address: Registered office, Johannesburg, Gauteng, Republic of South
Africa Website: www.projectsunriseoils.co.za
All information provided in this document is confidential and
remains the property of Project SunRise Oils (Pty) Ltd. Recipients agree
to treat it accordingly and to return or destroy it upon
request.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Project SunRise Oils (Pty) Ltd.