PROJECTS

iDube Cold Storage

Durban remains one of Africa’s most active general cargo port of entry and exit, and with it comes increasing demand for cargo handling and warehousing services. In response to the demand, and support to this industry, KZN Growth Fund provided R63.4 million in debt funding to iDube Cold Storage (Pty) Ltd to help establish a 8 500 pallet multi-temperature cold storage facility at Dube Trade Port. The facility is designed to handle both chilled and frozen perishable products.

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Dark Fibre Africa initiative (DFA)

In an effort to build and manage a nationwide fibre optic cable-ducting infrastructure, the DFA initiative was established. This infrastructure was then leased out to licensed operators on an equal basis to ensure no single operator has a monopoly over fibre optic telecommunications infrastructure.

The KZN Growth Fund came in as a co-funding partner and through our investment DFA has been a resounding success, seeing massive growth and infrastructure development in many regions nationwide.

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Southern African Shipyards (SAS) (Pty) Ltd

South African Shipyards (SAS) is a shipbuilding and repair company operating from the Port of Durban. The company was established in the 1960s and is the only black-owned and managed shipyard in South Africa.

In 2010 SAS came to the KZN Growth Fund to secure funding for its proposed expansion plans and through our investment SAS was able to successfully complete the expansion; stimulating growth and job creation in the surrounding community.

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Link Africa

Link Africa is a provider of enabling Open Access telecommunications infrastructure and platforms for the delivery of high speed broadband services. The company builds, owns and operates Fibre Optic Networks in South Africa’s major cities. These networks are comprised of metropolitan backbone networks, access networks as well as the last mile to the end customer, commonly referred to as Fibre-to-the-Premises (FTTP).

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Mpact

One of the largest paper and plastics packaging businesses in southern Africa and is listed on the JSE’s Main Board in the Industrial – Paper and Packaging sector.

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HBM SA Health Protection Services

In March 2016, the KZN Growth Fund (‘the Fund”) approved R42.5m debt funding towards the setting up of the second condom manufacturing facility in the country. This resulted in the Fund being the only funder to the project.

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Microfinish

Microfinish was established in 1986 as a niche component manufacturer of automotive, marine, locomotive and aerospace valve guides and valve seat inserts to Original Equipment Manufacturers (OEM) and aftermarket customers. Microfinish is the only local producer of such products.

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