TransKora Logistics — Investment Proposition & Funding Request

TransKora Logistics is seeking total funding of ZAR 120 million, structured as follows:

Section 12 · Business Plan

Investment Proposition & Funding Request

TransKora Logistics is seeking total funding of ZAR 120 million, structured as follows:

Capital Requirement

ZAR 120,000,000

Approximately USD 6.5 million, with dividends anticipated from Year 3 and a clear path to profitability by Year 2.

TransKora Logistics is seeking total funding of ZAR 120 million, structured as follows:

Category	Amount (ZAR m)	% of Total
Fleet Acquisition & Customisation	70.0	58%
Depot & Maintenance Infrastructure	25.0	21%
IT & Fleet Management Systems	10.0	8%
Working Capital	10.0	8%
Contingency Reserve	5.0	5%
Total	120.0	100%

TransKora offers an attractive risk-adjusted return profile for equity investors:

Target IRR: 18–20% (base case), with upside potential of 24–26% under the bull case scenario.
Dividend Policy: Dividends anticipated from Year 3, with a target payout ratio of 30–40% of net profit after tax.
Exit Options: Trade sale to a strategic acquirer (regional logistics operator or PE fund), secondary sale to institutional investors, or IPO on the JSE AltX within 5–7 years.

Figure

Financial Chart — visualised from the accompanying data.

Figure 10: IRR Sensitivity Analysis – Bear / Base / Bull Scenarios

The sensitivity analysis considers three scenarios:

Bear Case (IRR 13%): Revenue 20% below base case, fleet utilisation at 55%, higher-than-expected fuel and labour costs.
Base Case (IRR 19%): Revenue and cost assumptions as per the financial projections in Section 8.
Bull Case (IRR 26%): Revenue 15% above base case, fleet utilisation at 90%, faster route expansion, and favourable exchange rate movements.

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