Karoo Meridian — Management & Governance
The management team and the governance underpinning Karoo Meridian.
Section 8 · Business Plan
Management & Governance
The management team and the governance underpinning Karoo Meridian.
8.1 Organisational structure
| Position | Mandate | Profile sought |
|---|---|---|
| Chief Executive Officer | Strategy, capital raising, expansion | 15+ yrs agribusiness leadership; DFI transaction experience |
| Chief Financial Officer | Financial management, treasury, covenant compliance | CA(SA); agri or project-finance background |
| Operations Director | Livestock systems, veld management, feedlot | Proven large-flock Merino production record |
| Veterinary Manager | Animal health, biosecurity, export protocols | Registered veterinarian; small-stock specialisation |
| Wool Director | Clip quality, classing, certification, wool export | Registered wool classer network; broker relationships |
| Export Director | GCC meat channels, genetics exports, logistics | Perishables export and Halaal channel experience |
8.2 Governance framework
- Board of 7: two founder/executive, two funder-nominated
non-executives, three independents including chair; audit & risk,
and social & ethics committees per Companies Act
requirements - Monthly management accounts within 10 business days; quarterly
covenant compliance certificates to lenders (DSCR, current ratio, flock
count verification) - Annual external audit; independent flock and inventory
verification at each year-end; insurance programme covering livestock
mortality, assets and business interruption - Delegation-of-authority matrix; procurement above R2m requires
dual board sign-off
The management team is identified by role, not by named, contracted
individuals. For a R245m raise this is a material gap: DFI credit
committees typically require signed term sheets with the CEO, CFO and
Operations Director before approval. The plan should be read as
conditional on securing operators with demonstrable large-flock track
records; the implementation roadmap allows a 6-month recruitment window
pre-close.
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 Meridian Wool & Livestock (Pty) Ltd.