GrainCore — Implementation Roadmap

The critical milestones and dependencies and the phase summary from financial close through commissioning and ramp.

GrainCore Business PlanSection 21 › Implementation Roadmap

Section 21 · Business Plan

Implementation Roadmap

The critical milestones and dependencies and the phase summary from financial close through commissioning and ramp.

The project is executed over a 48-month horizon across three phases.
The roadmap front-loads the maize business to generate early revenue,
sequences the wheat line and certifications to manage capital and
commissioning risk, and reserves regional export and expansion for the
cash-generative back half of the plan. The Gantt chart below sets out
the critical milestones, their timings, and their dependencies.

Figure 21.1
Figure 21.1 — 48-month implementation Gantt chart with critical milestones and dependencies.

21.1 Critical Milestones & Dependencies

Milestone Target (months from close) Key dependency
Funding close & incorporation M0–M3 Investor and lender commitments
Site acquisition & approvals M1–M6 Environmental & regulatory sign-off
Civil works & construction M5–M12 Detailed engineering complete
Maize mill commissioning M10–M14 Equipment delivery & buildings ready
FSSC 22000 / HACCP certification M12–M16 Plant operational & QMS in place
Maize production launch M14–M16 Commissioning & certification
Wheat mill install & launch M16–M25 Phase-1 cash flow & procurement
Bakery & feed integration M24–M30 Wheat line operational
KZN export hub M30–M38 National operations stabilised
SADC export launch M36–M42 Export hub & cross-border logistics
Capacity expansion M38–M48 Demand validation & retained earnings

Table 21.1 — Critical milestones and dependencies.

21.2 Phase Summary

Phase Focus Outcome
Phase 1 (Yr 1–2) Gauteng flagship mill, maize then wheat, national wholesale & retail Integrated operation, EBITDA-positive
Phase 2 (Yr 2–3) Bakery integration, feed processing, brand rollout Margin expansion, product breadth
Phase 3 (Yr 3–5) KZN export hub, SADC exports, industrial flour, debottlenecking Regional scale, exit-readiness

Table 21.2 — Phase summary.

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 GrainCore Milling & Foods (Pty) Ltd.