South Africa Future Leaders Network (FLN)
The South Africa Future Leaders Network (FLN) was established in 2014, coordinating a dedicated pipeline of 2-3 events annually in Johannesburg. The FLN is a forum specifically created to allow the next generation of leaders in the project finance industry to:
- encourage innovative thinking to tackle the infrastructure development needs of South Africa
- foster inter-disciplinary collaboration amongst young and mid-career Project Finance professionals
- enhance the professional and business interests of members
- encourage networking with and cross-learning from each other
- leverage experience and insight from inspirational current leaders to mould internationally competitive future leaders
- keep up to date with latest market developments and how these affect their careers
We would delighted to hear from members who would like to register their interest in joining the committee, attending events or hosting events. We would also welcome your suggestions of topics to cover and any ideas for us to develop the South Africa FLN. Please contact Hannah Cairns: firstname.lastname@example.org
Baker & McKenzie
Bridgett Majola is a senior associate in the Banking & Finance Practice Group in Johannesburg, focusing on general corporate and commercial law, competition law and project finance. Prior to joining the Firm, she was a senior associate at a leading South African firm. Active in the community and industry, Ms. Majola is a World Economic Forum Global Shaper, one of Mail & Guardian’s 200 Young South Africans 2014, and co-chair of the Future Leaders Network, under the auspices of the International Project Finance Association.
Bridgett focuses her practice on corporate and commercial law, competition law and project finance. She is experienced in the drafting of security, services and facilities agreements, and has advised several clients on debt financing for solar and wind energy plants under the IPP Procurement Programme.
Representative clients, cases or matters
– Advised The Standard Bank of South Africa, Nedbank Limited, Development Bank of South Africa, Industrial Development Corporation, Public Investment Corporation, Absa Bank Limited, Vantage, in respect of the debt financing of the development, construction, operation and maintenance of a 100MW CSP plant in Upington, Western Cape pursuant to the IPP Procurement Programme. Advised on the negotiation and conclusion of the facility agreement’s and relevant security documents, and managed the conclusion of the condition precedents as second-in-charge to the lead partner on the transaction.
– Assisted in advising Solar Capital De Aar (Pty) Ltd in respect of the debt financing of the development, construction, operation and maintenance a 75MW solar PV plant in De Aar, Northern Cape pursuant to the IPP Procurement Programme.
– Advised The Standard Bank of South Africa Limited in respect of the debt financing of the development, construction, operation and maintenance of a wind farm in Couga, Northern Cape pursuant to the IPP Procurement Programme.
– Advised Slimsun (Pty) Ltd and the Industrial Development Corporation in respect of the debt financing of the development, construction, operation and maintenance of a 5MW solar PV plant in Swartland, Western Cape, pursuant to the IPP Procurement Programme.
– Advised Sublunary Trading (RF) (Pty) Ltd in respect of the debt financing of the development, construction, operation and maintenance of a 89MW solar PV plant in Upington, Northern Cape Province.
– Advising a debt sales business unit on the restructuring of certain facilities and attending to the drafting of the relevant facility agreements and security documents.
– Advising a vehicle management solutions business unit in respect of its agreements relating to its supply of vehicles to various municipalities in South Africa.
– Prepared a presentation relating to the Consumer Protection Act, and assisted in conducting substantial due diligence investigations and in preparing reports, including but not limited to reports in respect of a 100MW concentrated solar plant, a 75MW solar farm and a 80MW wind farm for and on behalf of lenders for the third bid submission phase of the IPP Procurement Programme.
– Advising on a company’s restructuring (from purchasing shelf companies, drafting licensing and franchising agreements, shareholders agreements and sale of shares agreements); drafting various commercial agreements such as: shareholder agreements, resolutions and memoranda of incorporation, sale of shares and sale of business agreements, nominee agreements, trust deeds, distributorship agreements, supply agreements, service and restraint agreements, cessions and various closing documents.
– Prepared competition law presentations, conducting research in respect of various aspects of competition law such as abuse of dominance and various prohibited practices such as price fixing, market allocation and information sharing; conducting competition investigations relating to information sharing (three major cases in South Africa), price fixing and market allocation; defending competition prosecutions. Assisted in advising on the corporate leniency regime applied by the South African competition authorities, preparing marker applications and corporate leniency applications and responding to information requests from the Commission. Prepared merger filings in South Africa and various other jurisdictions throughout Africa such as Botswana, Namibia, Kenya and Tanzania.
Manager, Infrastructure and PPP Advisory
Joel Barnor is a Manager in the Infrastructure and Public Private Partnership (PPP) Advisory Practice at Genesis Analytics, based in South Africa and working across Sub-Saharan Africa. His expertise lies in Project Finance, PPP policy development, and assessment of project funding options, as well as appraisal of infrastructure projects to attract private sector investment. He also has experience in infrastructure fund design and private sector development.
Joel has worked on numerous projects in the PPP sphere. Joel is currently the project manager for a PPP project in Kenya for the provision of student accommodation at three Kenyan Universities. He is also currently part of the team for the uMhlathuze Wastewater PPP feasibility study project in South Africa, we all as the Kopanong Precint office accommodation PPP, also in South Africa. Joel conducted the development of the financial and economic models on the Songwe River Basin HydroPower plant Project.
He holds a Master’s degree in the Political Economy of Development at the University of London’s School of Oriental and African Studies; he also holds a Master of Commerce degree in Financial Markets (cum laude) from Rhodes University, where he graduated top of his class.
Jabulani is a management consultant with public and private sector experience in infrastructure advisory, property, economic development planning, tourism and hospitality.
His experience includes conducting market and financial feasibility studies, financial viability assessments, business case assessments and transaction advisory, economic impact studies, socio-economic impact studies, market research and demand assessments and strategic management consulting assignments.
Jabulani completed his Bachelor of Arts degree in 2007 at the University of the Witwatersrand and his Postgraduate Diploma in Management (Business Administration) at Wits Business School in 2010. After completing his 3-year bachelor’s degree, Jabulani worked as an Analyst for Newsclip Media Monitoring. He joined Grant Thornton in January 2012 as a consultant.
Junior Structural Engineer - PDG
Cebile Mlotsa graduated from the University of the Witwatersrand in 2014, with a Bsc in Civil Engineering and started working at Hatch in 2015.
Cebile is a junior Structural Engineer in the project delivery group, this is the group responsible for implementing the projects.
In Cebile’s very short time as an engineer, she has mostly worked on design of industrial structures, both steel and concrete. She has worked on bridge design projects.
Cebile works in engineering consulting, which gives her the opportunity to work with numerous clients, and on projects based in different parts of the world.
Cebile is very passionate about people, and the way she assess the value in many of the things she does, is how it impacts the lives of others.
Sandra Serumaga-Zake is a Civil Engineer specializing in Infrastructure Finance across five sectors, i.e. Water, Energy, Real Estate, Transport and Health. She holds a BSc Eng. (Civil) Cum Laude from the University of Cape Town and an MPhil Development Finance Cum Laude from the University of Stellenbosch Business School and is currently undergoing preparation for her Chartered Financial Analyst Level 1 exam in December 2018. Her key areas of expertise include: Development Finance, Project Finance, LCC analysis, Cost-Benefit Analyses, Financial Modelling, Master Planning and Feasibility Studies. Prior to joining Bigen, she was a business analyst at Accenture South Africa Pty (Ltd) and sustainability consultant at WSP Group Africa Pty (Ltd). Being Ugandan by heritage, but South Africa born and bred she is passionate about the continent and the potential that can be realised but remains dormant due to the lack of economic infrastructure.
Noteworthy project experience includes:
- Being seconded to the Africa Infrastructure Preparation Facility (AIPF) as an Investment Officer. The AIPF, is an independent private company whose main objective is the investment into projects for project preparation (Pre-Feasibility Studies and Bankable Feasibility Studies).
- Being seconded to PRiSM an agile vehicle through which projects are expertly screened, ensuring that risks are adequately mitigated and/or allocated. She is responsible for the risk screening of applications to be presented to either the Bigen Scoping Fund or the AIPF.
- Conducted the preliminary financial analysis and project managed a water reclamation scheme feasibility study funded by the DBSA. The objective of the study was to test the feasibility of reclaiming waste water and indirectly contributing an additional 25Ml/day of water supply to the locality.
- Contributed to the risk analysis of a major bulk water supply scheme bankable feasibility study. The primary purpose of the transfer scheme is to augment existing water sources and water supply systems to the Metropolitan Municipality for future growth in demand. Her scope included the review and report on the financial model prepared by a boutique project finance firm.
Rand Merchant Bank
Resource Finance Transactor
Khanyisile is a Resource Finance Transactor at Rand Merchant Bank. She has extensive experience in the funding of the Mining and Metals, Oil and Gas sectors in Africa.
Her experience in Mining and Metals, Oil and Gas in South Africa and Africa is varied and has given her a thorough understanding of the sector and its key drivers. She assists clients on financing requirements through corporate debt solutions and restructurings.
Before joining RMB, she was with Standard Bank Corporate and Investment Bank in the Mining and Metals Division where she worked as a transactor. Her focus area was the structuring of debt products, and she was involved in various transactions on behalf of the bank for African clients with global footprints across the mining industry.
She worked with the Export Credit Agency (ECA) team as ECA adviser to the Export Credit Insurance Corporation and as a Lender in the financing of the Moatize to Nacala pit to port railway in Mozambique and Malawi.
Together with other South African and International Banks, she formed part of the Standard Bank team which restructured USD400 million of debt facilities for Lonmin Plc, the world’s third largest platinum producer in 2015. This debt restructuring was necessary to facilitate the company’s rights issue of USD407 million.
She was involved in the multi banked Exxaro Resources refinance of corporate facilities of USD571 million equivalent.
Baker & McKenzie
Mike Webb is an associate in Baker & McKenzie’s Banking & Finance Practice Group in Johannesburg. He has published several articles relating to renewable energy, foreign investment matters and land rights. Mike is a founding member of the Future Leaders Network Committee in South Africa, a subcommittee of the International Project Finance Association.
Mike focuses his practice on project finance, primarily within the energy sector. He advises multinational investors and financial institutions on various components of a project, including corporate structuring, finance, contracting and regulation issues. He has assisted a number of foreign and local investors within the renewable energy and railway sectors of South Africa.
Relevant experience includes:
- Advising the lenders in relation to the project financing of two 75 MW solar PV projects under Round 4 of the REIPPP Programme.
- Advising the lenders in relation to the project financing of a 25 MW biomass facility to be constructed in the Mpumalanga Province. This transaction will be the second biomass project in South Africa’s Renewable Energy Independent Power Producer Procurement Programme.
- Advising a sponsor in respect of a coal fired power plant project as part of the coal baseload IPP programme in South Africa.
Prior to joining Baker & McKenzie Mike advised on the following matters:
- Advised Avelar Energy in relation to i) a 10 MW solar PV power plant to be constructed on a mining site in South Africa for private distribution and ii) a 180 kW solar PV rooftop power plant constructed and operated on the rooftop of a publically listed company in South Africa, both projects based on a Corporate PPA structure.
- Represented First Solar in relation to developing and rolling out its solar PV embedded generation projects (C&I strategy) in South Africa; advised the client as EPC contractors in other utility scale projects within sub-Sahara Africa.
- Advised a multinational solar developer in developing its strategy for the Corporate PPA market in South Africa.
- Advised various sponsors and investors, including Avelar Energy, Gestamp Eolica, Pele Green and Elecnor, in the renewable energy procurement program of South Africa, with a total energy output in excess of 200 MW, worth more than $350 million.
- Acted as project counsel to Gestamp Renewables on its respective wind and solar projects in South Africa, which have an accumulative capacity of approximately 100 MW
- Advised the Central Energy Fund (SOC) Limited, a state-owned company, as a shareholder in ENER-G Systems Joburg (Pty) Ltd, a project company that owns a landfill gas-to-electricity project based in Johannesburg.
- Advised Shanduka Energy in its capacity as a shareholder in a 75 MW solar PV power plant in South Africa, as well as borrower to a credit facility that was secured to cover its equity contribution, where lenders were Nedbank and Absa.
- Advised the Central Energy Fund in relation to its potential acquisition of an equity stake in two 100 MW concentrated solar power projects in South Africa.
Events in the region
There are currently no events confirmed for this branch. If you are keen to speak to one of IPFA Events Team on future events here, please contact email@example.com.