Crede Power | Crede Power is a sub-Saharan renewable energy developer

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Crede Power & Infrastructure Investments is aware of the global relationship between infrastructure development and potential for economic growth. We recognise the infrastructure challenges Sub-Saharan Africa faces, and fully understand that many of these challenges stem from a combination of complex factors.

Our experience in transaction advisory services, investment management and project development has enabled us to cement Crede Power & Infrastructure Investments. We offer our clients an opportunity to participate in infrastructure projects and initiatives including water, power and housing.

Million people

across Sub-Saharan Africa have no access to reliable drinking water.

Over the next 10 years,

Billion Rand

of investment in national water infrastructure will be needed in South Africa.

Source: green-cape.co.za

ABOUT US

Established in 2014, Crede Power and Infrastructure Investments (“Crede”) is an authorised Financial Service Provider (registered with the Financial Sector Conduct Authority in South Africa). Crede provides transaction advisory services and fund management expertise focusing in Sub-Saharan Africa. Our sector focus is primarily infrastructure including water, power and housing.

Crede is a subsidiary of Harith General Partners. Which makes us partially owned by the Public Investment Corporation, which is the largest institutional investor on the African continent.

Crede is headquartered in Sandton, Johannesburg and run by investment professionals with combined experience of over 50 years in project finance, private equity and investment management.

Our business model comprises three pillars:

Project Development:
Co-development of projects alongside experienced technical partners

Transaction Advisory (Project Finance Advisory):
Due Diligence Services
Financial Modelling
Project Structuring
Negotiations
Debt and Equity Capital Raising
Post-Investment Monitoring
Restructuring

Fund Management:
Crede in a joint venture with Alula Water is preparing to launch the Water Project Development Fund.

%

of South Africans still live in informal dwellings.

It will cost approximately

Billion Rand

to eradicate the housing backlog in South Africa by 2020.

Source: statssa.gov.za | psam.org.za

Water Project Development Company (Fund)

Target Fund Size	ZAR 500 million
Target Returns (IRR)	20% – 25%
Fund Life	7 years with a 2-year extension
Type of Investment	Equity
Investment Stage	Post Pre-feasibility
Types of Investment	• Water metering and monitoring solutions • Non-revenue water • Water reuse solutions • Alternative water supply infrastructure
Geographic Focus	Southern Africa

DOWNLOAD FACTSHEET

Africa accounts for

%

of the world population, yet it generates a mere

%

of global GDP and only

%

of world trade.

It is estimated that Africa needs about

Billion Dollars

annually until 2020 to close the infrastructure gap

Source: sciencedirect.com

COMPETENCIES

Deal Origination
Capital Raising
Co-Investment Opportunities
Deal Structuring
Bid Preparation
Exiting Investments
Due Diligence
Debt Capital Market
Post-Investment Management
Business Development
Transaction Advisory
Project Development
Investment Management

Credentials

^{Previous projects executed by the team at various points in their career}

Lanseria 90Ha
Property Acquisition

ZAR 150Mn
Lead Advisor

Harmony Glass
Manufacturing
Nigeria

USD 50Mn
Advisor

RustMo
Solar PV 7MW

ZAR 140Mn
Principal/IC Member
IEIM/Fund

RedCap Wind Farm
Power/Energy
75Mw

ZAR 1.3Bn
Principal/IC Member
IEIM/Fund

Pfizer Building
Company
Commercial
Building (M&A)

ZAR 170Mn
Lead Advisor

SlimSun
Solar PV 5mW

ZAR 100Mn
Principal/IC Member
IEIM/Fund

Northam
Mega Housing
Project

ZAR 8Bn
Lead Advisor

Lanseria
Mega City Project
Bid & Contracting

ZAR 3Bn (Phase 1)
Lead Advisor

Insurance
Brokerage (M&A)

ZAR 50Mn
Transaction Advisor

Baken Park
Property
Development

ZAR 1.6Bn
(Phase 1)
Transaction Advisor

Matlosana N12
Property
Development

ZAR 5.97BnMn
Lead Advisor

Lephalale
Property Development

ZAR 1.9Bn
Lead Advisor

Oceans Hotel
Property
Development

ZAR 600Mn
Commercial &
Financial
Due Diligence

Kingswood Property
Student Accommodation

ZAR 58Mn
Sponsor

National Treasury
Debt Capital
Markets

USD 2.5Bn
Co-Lead Manager

Department of
Home Affairs

ZAR 6Bn
Transactional Advisor/
Bid Stage

Pan Africa
Property Fund
Mandate

USD 150Mn
Co-Advisor

Univen

ZAR 920Mn
Commercial/
Operational/
Financial
Modelling
Due Diligence

Mega Housing
Project

ZAR 2.8BN
Financial Modelling

Million

have no access to electricity in Africa

The International Energy Agency (IEA) projects that investments of around

Billion Dollars

per year until 2030 would be needed to achieve electricity access for all in sub-Saharan Africa.

Source: howwemadeitinafrica.com

OUR VALUES

Knowledge

Knowledge is the core enabler.

Imagination

An ability to see beyond the here and now because everything starts with an idea.

Cautiousness

The discipline to operate inside our circle of competence and the burning desire to expand it through knowledge and experience.

Conviction

Unwavering faith and belief in our ability to create value and unique insights.

The Team

Our team comprises of professionals with more than 50 years combined experience in project finance including raising capital, structuring deals, providing transaction advisory services and investment management. We have developed a track record in these services and are successfully delivering innovative solutions in sectors that are critical to stimulating the economy and creating employment.
Every individual at Crede is crucial to building our capacity to deliver excellent results and tremendous value for all investment opportunities.

Sandile Sokhela, CFA
Chief Executive Officer
Experience 16 years

Academic Qualifications

CFA Charterholder – CFA Institute
Masters in Development Finance – University of Stellenbosch
Bcom Hons (Finance) – University of the Witwatersrand
International Executive Development Program – Rotman School of Management (University of Toronto)

Profile

Sandile Sokhela is a Principal, Founder and CEO at Crede. Prior to establishing Crede, Sandile was a Shareholder, Executive Director, Principal and an Investment Committee member at Inspired Evolution Investment Management. Inspired Evolution was the Manager of the USD$100MIL Evolution One Fund that attracted the funds raised from DFIs which included the likes of IDC, IFC, Norfund, SIFEM, GEEREF and the Afdb. Prior to joining Inspired Evolution, Sandile spent two years at Afena Capital as Head of Institutional Business responsible for growing assets under management. Over his two-year tenure as head of the Institutional Business, Afena raised over R10 billion in funds under management. Prior to joining Afena Capital, Sandile spent 8 years at Investec Asset Management where he worked on various roles.

Elsje Niemann, CFA
Principal
Experience 12 years

Academic Qualifications:

CFA Charterholder – CFA Institute
MBA (Cum Laude) -Wits Business School
B.Eng Hons (Cum Laude) – University of Pretoria
B.Eng (Cum Laude) – University of Pretoria

Profile

Elsje is a Principal at Crede. Prior to joining Crede, Elsje was at Nodus Capital was an Investment Executive. Elsje was responsible for originating and reviewing new opportunities; financial valuations, due diligence, risk identification and mitigation of existing and new investments and other opportunities. She also worked at Investec as a Business Development Manager where she was responsible for identifying, structuring and executing financing of power and infrastructure projects across Sub-Saharan Africa. Elsje also worked at the Industrial Development Corporation as the Account Manager for High Impact Projects, where she led, managed and coordinated a multi-disciplinary project team. She is an experienced Investment professional with a demonstrated track record in Private Equity, Project and Corporate Finance.

Greg Hoffman, CA (SA)
Associate
Experience 5 years

Academic Qualifications:

CA (SA) – South African Institute of Chartered Accountants
PGDA (Accounting) – University of Cape Town
BBusSc (Finance & Accounting) – University of Cape Town

Profile

Greg is an Associate at Crede. His responsibilities include deal screening, transaction analysis, structuring, financial modelling and project packaging. Prior to joining Crede, Greg was a manager at KPMG’s in the Deal Advisory – Infrastructure Finance division in Johannesburg. His primary focus has been Infrastructure and Financing advisory services, with a particular focus on power and utilities, port of entry redevelopment, water and sanitation, and mining in Sub-Saharan Africa. During this time his responsibilities at KPMG included financial modelling, project structuring, preparation of procurement documentation, financial analysis, business plan preparation and feasibility study development.

Maureen Mabuza
Administrator
Experience 6 years

Academic Qualification:

NDip in Internal Auditing -Tshwane University of Technology
NHC in Accountancy – Tshwane University of Technology

Profile

Maureen is an Administrator at Crede. As an Administrator at Crede, she manages the operations and administration responsibilities for the business. Prior to joining Crede, Maureen served as a policy and claims administrator at ESM Financial and Risk Solutions. She also worked as a claims administrator for Primary Asset Administrative Services. Maureen started her career in the corporate finance sector as Assistant Accountant at 3 Way Marketing.

Fatima Solwa
Research Analyst
Experience 1,5 years

Academic Qualifications:

Bachelor of Business Sciences (Finance and Accounting) (Honours in Finance) – University of Cape Town

Profile

Fatima is a Research Analyst at Crede. Prior to joining Crede, Fatima was a Trainee Analyst in the Corporate Finance team at Bravura Capital where she assisted on M&A and Capital Raise transactions for private and family owned enterprises. Fatima was responsible for performing industry, company, and transactional research, completing financial models, and assisting with project management of Corporate Finance transactions.

Board of Directors

Alwyn Wessels
Non-Executive Director

Academic Qualifications

CA (SA)
BCom Hons (Accounting) – University of Pretoria
Certificate of Theory in Accountancy – UNISA
Higher Certificate Financial Markets – Academy of Financial Markets Johannesburg

Profile

Mr Wessels joined the company from Absa/Barclays in 2007. He has a BCom Honours, a Certificate in the Theory of Accountancy (CTA), and a Higher Certificate in Financial Markets. Before joining Harith, Mr Wessels had over 10 years of experience as Senior Consultant for Absa Capital and he was responsible for Project and Infrastructure Finance. Prior to this he occupied different positions (Business Consultant, Financial Manager/Director, Managing Director) in companies operating in the manufacturing and construction industries.

Sandile Sokhela, CFA
Chief Executive Officer

Academic Qualifications

CFA Charterholder – CFA Institute
Masters in Development Finance – University of Stellenbosch
Bcom Hons (Finance) – University of the Witwatersrand
International Executive Development Program – Rotman School of Management (University of Toronto)

Profile

Sandile Sokhela is a Principal, Founder and CEO at Crede. Prior to establishing Crede, Sandile was a Shareholder, Executive Director, Principal and an Investment Committee member at Inspired Evolution Investment Management. Inspired Evolution was the Manager of the USD$100MIL Evolution One Fund that attracted the funds raised from DFIs which included the likes of IDC, IFC, Norfund, SIFEM, GEEREF and the Afdb. Prior to joining Inspired Evolution, Sandile spent two years at Afena Capital as Head of Institutional Business responsible for growing assets under management. Over his two-year tenure as head of the Institutional Business, Afena raised over R10 billion in funds under management. Prior to joining Afena Capital, Sandile spent 8 years at Investec Asset Management where he worked on various roles.

CONTACT US

Address:

41 Rivonia Rd
Vdara Office Park
Ground Floor, Building 2
Sandhurst
2196

Contact Details:

Sandile Sokhela, CFA
Principal
Tel: +27 (011) 268 6900
E: sandile.sokhela@credepartners.co.za

Complaints Resolution Procedure

COI Policy Document

Complaints Register

Crede Power and Infrastructure Investments is an Authorised Financial Service Provider FSP 47096.

Million people

Billion Rand

ABOUT US

Our business model comprises three pillars:

Billion Rand

Water Project Development Company (Fund)

Billion Dollars

COMPETENCIES

Credentials

Lanseria 90Ha Property Acquisition

Harmony Glass Manufacturing Nigeria

RustMo Solar PV 7MW

RedCap Wind Farm Power/Energy 75Mw

Pfizer Building Company Commercial Building (M&A)

SlimSun Solar PV 5mW

Northam Mega Housing Project

Lanseria Mega City Project Bid & Contracting

Insurance Brokerage (M&A)

Baken Park Property Development

Matlosana N12 Property Development

Lephalale Property Development

Oceans Hotel Property Development

Kingswood Property Student Accommodation

National Treasury Debt Capital Markets

Department of Home Affairs

Pan Africa Property Fund Mandate

Univen

Mega Housing Project

Million

Billion Dollars

OUR VALUES

Knowledge

Imagination

Cautiousness

Conviction

The Team

Profile

Profile

Profile

Profile

Profile

Board of Directors

Profile

Profile

CONTACT US

Address:

Contact Details:

Lanseria 90Ha
Property Acquisition

Harmony Glass
Manufacturing
Nigeria

RustMo
Solar PV 7MW

RedCap Wind Farm
Power/Energy
75Mw

Pfizer Building
Company
Commercial
Building (M&A)

SlimSun
Solar PV 5mW

Northam
Mega Housing
Project

Lanseria
Mega City Project
Bid & Contracting

Insurance
Brokerage (M&A)

Baken Park
Property
Development

Matlosana N12
Property
Development

Lephalale
Property Development

Oceans Hotel
Property
Development

Kingswood Property
Student Accommodation

National Treasury
Debt Capital
Markets

Department of
Home Affairs

Pan Africa
Property Fund
Mandate

Mega Housing
Project