KarooPrime Capretto — Capital Requirement & Use of Funds
The ZAR 240 million capital requirement and the funding structure and use of funds.
Section 25 · Business Plan
Capital Requirement & Use of Funds
The ZAR 240 million capital requirement and the funding structure and use of funds.
The Company seeks total funding of ZAR 240 million — ZAR 110 million
in equity and ZAR 130 million in senior debt — to fund a capital
programme of approximately ZAR 187 million plus working capital and a
commissioning buffer.
| Use of funds | ZAR million | Share |
|---|---|---|
| Abattoir & processing plant | 80.0 | 33.3% |
| Feedlot infrastructure | 35.0 | 14.6% |
| Logistics & cold-chain fleet | 25.0 | 10.4% |
| Aggregation centres | 15.0 | 6.3% |
| Technology & traceability | 12.0 | 5.0% |
| Working capital reserve | 20.0 | 8.3% |
| Contingency & commissioning buffer | 53.0 | 22.1% |
| Total | 240.0 | 100.0% |
25.1 Funding structure
The blended structure balances cost of capital with prudent gearing.
Senior debt of R130m at 12.5% benefits from a grace period during
construction and commissioning before amortising from Year 3, when
operating cash flow is established. The R110m equity tranche provides
the risk-bearing foundation and is the focus of the return analysis in
Section 28. The Company’s ESG and development profile positions it to
attract concessional or blended elements that could further reduce the
blended cost of capital.
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 KarooPrime Capretto (Pty) Ltd.