IDEAS Managed Fund
Infrastructural, Developmental & Environmental Assets (IDEAS) Managed Fund is a socially responsible investment managed by OMIGSA Alternative Investments. The IDEAS Managed Fund is committed to delivering a commercially acceptable return to investors while contributing to sustainable economic growth and a better life for all citizens.
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| Name: Bakwena Platinum Corridor Consortium (Pty) Ltd |
| Sector: Developmental Property |
| CEO: D. Msibi |
Business synopsis:
The Bakwena Platinum Corridor Concessionaire (BPCC) is a 30-year concession contract (until year 2032) with the South African National Roads Agency Limited (SANRAL) to design, construct, finance, operate and maintain the Platinum Toll Highway, also known as N4 West. |
| Investment partners: Infrastructure Concession South Africa (Pty) Ltd, Public Investment Commissioner, The Royal Bafokeng Nation |
| Investment status: Long hold |
| Fund: IDEAS Managed Fund, South Africa Infrastructure Fund, Africa Infrastructure Investment Fund |
| Website: Bakwena |
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| Name: N3 Toll Concession (Pty) Ltd |
| Sector: Core Infrastructure |
| CEO: T. Plaistowe |
Business synopsis:
N3TC is the holder of a 30-year concession to operate a toll road on the N3. The road covers 420km of the N3 from Heidelberg gauteng, to Cedara, Kwa-Zulu Natal. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund, South Africa Infrastructure Fund |
| Website: N3 Toll |
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| Name: Trans African Concession (TRAC) |
| Sector: Core Infrastructure |
| CEO: R.A. Johnstone |
Business synopsis:
Trans African Concessions (Pty) Ltd ("TRAC") is the holder of a 30-year concession (until year 2029) to operate a toll road on the N4 between Witbank in South Africa and Maputo in Mozambique. The Highway extends from the border of Gauteng and Mpumalanga to the Maputo Harbour. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund, Africa Infrastructure Investment Fund, South Africa Infrastructure Fund |
| Website: Trans African |
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| Name: Neotel (Pty) Ltd |
| Sector: Core Infrastructure |
| CEO: Srinath Narashimhan |
Business synopsis:
The fund has an interest in Mawande Communications, which in turn owns a stake in Neotel. Neotel is a telecoms infrastructure service provider and the holder of the second fixed line network license. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund, Africa Infrastructure Investment Fund, Kagiso Infrastructure Empowerment Fund |
| Website: Neotel |
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Name: Kelvin Holdings (Pty) Ltd |
| Sector: Core Infrastructure |
| CEO: A Johnstone |
Business synopsis:
The fund has a direct shareholding in Kelvin in addition to the funding of a BEE stake held by J&J Holdings. Kelvin is a 600 MW privately owned coal fired power plant with a Power Purchase Agreement (PPA) in place with City Power, who in turn supplies the City of Joburg. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund, Africa Infrastructure Investment Fund, Kagiso Infrastructure Empowerment Fund |
| Website: Kelvin Power |
Name: Matola Gas Company (South Africa) (Pty) Ltd |
| Sector: Core Infrastructure |
| CEO: J. De Vos |
Business synopsis:
The fund has an equity interest in MGC SA. As a consequence of the large cross-border Sasol gas project, the Mozanbique government ("GoM") has the right to a royalty of 5% of the initial gas extracted by Sasol each year, totalling 6m Gigajoules (GJ) per annum, which it can either sell back to Sasol or take in the form of gas. GoM decided that it was more important that the royalty gas be utilised for developmental purposes in the Maputo and Matola region and this project utilises the GoM gas rights to this effect through a concession granted by GoM. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: Bloemfontein Correctional Contracts (Pty) Ltd |
| Sector: Developmental Property |
| CEO: L. Mokoena |
Business synopsis:
Bloemfontein Correctional Contracts ("BCC") is the 25-year concession company that was tasked with the design, construction, management and finance of the privately operated prison facility in Bloemfontein. The design and construction phases have been completed and BCC has been successfully operating for eight years. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: Rainprop (Pty) Ltd (Department of Trade & Industries Building) |
Sector: Developmental Property
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| CEO: R. Desraj |
Business synopsis:
Rainprop is the holder of a 25-year PPP concession to build, operate and maintain the Department of Trade Industry ("DTI") campus in Pretoria. The campus consists of 5 separate buildings, parking facilities (both for the exclusive free use by Department of Trade & Industries employees and for the use by the general public at a market related parking charge) and a small amount of street level retail space. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: Sethekgo Private Party (Pty) Ltd (Department of Education Building) |
| Sector: Developmental Property |
| CEO: S.J. Nkosi |
Business synopsis:
Sethekgo is the holder of a 27-year PPP concession to build, operate and maintain the Department of Basic Education (“DoBE”) campus in Pretoria. The facility accommodates the Minister, the ministerial staff and the department’s personnel. The building is situated on the ‘Government Boulevard’ along Struben Street, Pretoria. Sethekgo’s revenue is derived from a Unitary fee from the DoBE. The revenue and operating costs both escalate annually in line with CPI. Construction was completed at the end of February 2010 and operations commenced in March 2010. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
Name: Afhco Holdings (Pty) Ltd |
| Sector: Developmental Property |
| CEO: Renney Plit |
Business synopsis:
The fund has an equity stake in Afhco in addition to a other funding. Afhco specializes in the provision of safe, clean, affordable rental premises through the refurbishment and conversion of derelict buildings in the Johannesburg inner city. To date approximately 5 000 units have been completed. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: Bushbuck Ridge Shopping Centre |
| Sector: Developmental Property |
| CEO: S. Friend |
Business synopsis:
The fund is a 100% shareholder in the Bushbuckridge Retail centre in Bushbuckridge, Mpumalanga. The centre has a Gross Lettable Area of 14 675m2 and forms approximately 45% of the CBD trading area of Bushbuckridge. National tenants make up 46% of the overall tenancy and the centre is anchored by Shoprite. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: Gugulethu Square Shopping Centre |
| Sector: Developmental Property |
| CEO: Jon Hillary |
Business synopsis:
The fund owns a 75% economic interest in the Gugulethu Square Shopping Centre in Gugulethu, Cape Town. The shopping centre was completed at the end of October 2009 with a Gross Lettable Area of 25 041m2. The site surrounds the local taxi-rank on three sides and is adjacent to a clinic, community centre and envisaged new police station. It is therefore the ideal location for the establishment of a formal Gugulethu CBD. National tenants make up 85% of the total tenancy and the centre is anchored by Spar and Shoprite. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
| Website: Gugulethu Square |
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| Name: Randfontein Station Shopping Centre |
| Sector: Developmental Property |
| CEO: S. Friend |
Business synopsis:
The fund has a 50% economic interest in the Randfontein Station Mall retail centre. The centre involves the development of 5 952m2 of convenience retail facilities at the Randfontein train station as part of the overall upgrade of commuter facilities. National tenants make up 72% of the overall occupancy and the centre is anchored by Shoprite.
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| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: The Plaza Shopping Centre |
| Sector: Developmental Property |
| CEO: S. Friend |
Business synopsis:
The fund owns 100% of the Setsing Plaza Retail Centre in Phuthaditjhaba, Free State Province. With a Gross Lettable Area of 25 716m2, the centre forms approximately 70% of the CBD trading area of Phutaditjaba and is a key transport interchange for the region through the housing of both the town’s main taxi and bus ranks. National tenants make up 62% of the overall tenancy and the centre is anchored by Shoprite, BiBi Cash and Carry and Boxer.
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| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
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| Name: The Crescent Shopping Centre |
| Sector: Developmental Property |
| CEO: S. Friend |
Business synopsis:
The fund owns 100% of The Crescent Retail Centre in Phuthaditjhaba, Free State Province. With a Gross Lettable Area of 22 393m2, the centre forms an upmarket node adjacent to the CBD trading area of Phuthaditjhaba. National tenants make up 95% of the overall tenancy and the centre is anchored by Spar, Game and Cashbuild. |
| Investment status: Long hold |
| Fund:IDEAS Managed Fund |
| Website: The Crescent |