Methodology
This plan preserves the sponsor’s headline revenue and EBITDA exactly and re-derives every line below EBITDA, depreciation, amortisation, financing cost, taxation and net profit, from an integrated three-statement model. The model applies South African corporate tax of 27% with the post-2022 80% assessed-loss cap, a phased capital-expenditure and depreciation schedule, an amortising senior debt facility and a seasonally-drawn revolving facility solved iteratively so that cash remains feasible. The balance sheet is required to tie to zero in every year and is verified by an automated assertion. Market data is drawn from independent industry studies and South African Reserve Bank sources current to July 2026.
Glossary
|
Term |
Definition |
|---|---|
|
EBITDA |
Earnings before interest, tax, depreciation and amortisation |
|
EBIT |
Earnings before interest and tax |
|
NPAT |
Net profit after tax |
|
DSCR |
Debt-service coverage ratio: cash available ÷ debt service |
|
NWC |
Net working capital: receivables + inventory − payables |
|
RCF |
Revolving credit facility |
|
WACC |
Weighted average cost of capital |
|
NPV |
Net present value |
|
IRR |
Internal rate of return |
|
ROE / ROIC |
Return on equity / return on invested capital |
|
ABS |
Access and benefit-sharing (indigenous resources) |
|
GMP |
Good Manufacturing Practice |
— End of Business Plan —
Marula Majesty (Pty) Ltd • Strictly Private & Confidential • July 2026