Karoo Crown Beef Group — Appendices
Supporting appendices — the detailed schedules, references and the important notice and disclaimers underpinning the Karoo Crown Beef Group business plan and financial model.
Section 22 · Business Plan
Appendices
Supporting appendices — the detailed schedules, references and the important notice and disclaimers underpinning the Karoo Crown Beef Group business plan and financial model.
Appendix A — Sources and References
- Renub Research (2025): Global Beef Market Forecast
2025-2033. - Straits Research (2025): Beef Market Size and Forecast
2025-2033. - Market Data Forecast (2026): Europe Beef Market
2025-2034. - Renub Research (2025): United Arab Emirates Beef Market
2025-2033. - Straits Research (2025): Halal Meat Market 2025-2033.
- Bureau for Food and Agricultural Policy (BFAP, 2025):
Trajectories of South Africa’s Red Meat Industry. - Red Meat Industry Services (RMIS, 2024-2025): Industry analysis
and export statistics. - Department of Agriculture, Land Reform and Rural Development
(DALRRD, 2025): Livestock statistics. - Beefmaster Group (January 2025): SA beef industry outlook
commentary. - Red Meat Producers’ Organisation (RPO, 2025): Industry
performance commentary. - Wandile Sihlobo / Agbiz (2025): South Africa beef export recovery
analysis. - Reuters / The Cattle Site (2025-2026): SA beef export coverage
and FMD reporting. - Savanna Beef Namibia: Corporate disclosures and industry
reporting (2024-2025).
Appendix B — Glossary of Terms
| BRCGS | Brand Reputation Compliance Global Standards — UK-originated food safety certification regime widely required by European and UK retail buyers. |
| DALRRD | Department of Agriculture, Land Reform and Rural Development (South Africa). |
| DBSA | Development Bank of Southern Africa. |
| DSCR | Debt Service Coverage Ratio — operating cash flow available for debt service divided by total debt service. |
| DTIC | Department of Trade, Industry and Competition (South Africa). |
| EBITDA | Earnings before interest, taxes, depreciation and amortisation. |
| EPC | Engineering, Procurement and Construction contract. |
| FID | Final Investment Decision. |
| FMD | Foot-and-Mouth Disease — a highly contagious viral livestock disease that triggers automatic trade restrictions. |
| HACCP | Hazard Analysis and Critical Control Points — internationally recognised food safety framework. |
| HoReCa | Hotels, Restaurants and Catering — collective term for the foodservice channel. |
| IDC | Industrial Development Corporation of South Africa. |
| IRR | Internal Rate of Return. |
| JIBAR | Johannesburg Interbank Average Rate — South African benchmark interest rate. |
| MAP | Modified Atmosphere Packaging. |
| NPAT | Net Profit After Tax. |
| PIK | Payment-in-Kind — interest that accrues to principal rather than being paid in cash. |
| RMAA | Red Meat Abattoir Association of South Africa. |
| RMIS | Red Meat Industry Services. |
| SAMIC | South African Meat Industry Company — domestic meat classification and quality assurance body. |
| WACC | Weighted Average Cost of Capital. |
Appendix C — Management Team Biographies
Detailed CVs for the proposed Group CEO, CFO, COO, Chief Livestock
Officer, Chief Commercial Officer and Chief Sustainability &
Compliance Officer are appended in a separate confidential pack provided
to qualified investors. The pack also includes references, recent board
appointments and conflict-of-interest disclosures.
Appendix D — Independent Studies Commissioned
- Site selection and feasibility study (Bigen Africa, 2025) —
confirms suitability of Eastern Cape primary site. - Market access feasibility (Aurecon / Promar International, 2025)
— confirms commercial viability of EU, GCC and Asia routes. - Environmental and Social Impact Assessment baseline (SLR
Consulting, 2025) — preliminary findings supportive of EIA
approval. - Veterinary and biosecurity risk assessment (Onderstepoort Faculty
of Veterinary Science, 2025) — preliminary advisory. - Financial model independent review (commissioned for investor
diligence, 2026).
Appendix E — Important Notice and Disclaimers
This document has been prepared by Karoo Crown Beef Group (Pty) Ltd
(the “Company”) for information purposes only. It does not constitute an
offer, invitation or recommendation to subscribe for, purchase or
otherwise acquire any securities, debt instruments or interests in the
Company. The information in this document is provided as at the date
stated on the cover and may be subject to change without notice.
Forward-looking statements in this document, including financial
projections, market analyses, sensitivity and scenario analyses, are
based on assumptions believed to be reasonable at the time of
preparation. Actual results may differ materially from those projected.
Recipients should conduct their own independent investigation and
analysis of the Company and its business, and should consult their own
legal, tax, financial and other advisers before making any investment
decision.
Neither the Company, its directors, advisors nor any of their
respective affiliates accepts any liability for any loss arising from
the use of this document. All financial projections are illustrative and
should not be relied upon as a guarantee of future performance. Industry
statistics referenced are drawn from published third-party sources
current as of May 2026 and have been used in good faith; the Company has
not independently verified all such third-party information.
— End of Business Plan —
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 Karoo Crown Beef Group (Pty) Ltd.