Moshe Capital Proprietary Limited

Company profile

Table of contents

Section Page Number

1. Overview 3

2. Moshe Capital Advisory Business 12

3. Moshe Capital Investment Business 16

Appendix A: Moshe Capital’s strategic partner 26

Appendix A: Team and Advisory Board biographies 28

2

OVERVIEW

Section 1

3

Moshe Capital vision

4

Support for African

businesses

We support African-led

businesses to enable them

to compete on a global

scale and establish a broad-

based culture of inclusive

prosperity.

Our business and capabilities are underpinned by an enabling B-BBEE framework

Deliver innovative

solutions: Bringing global

ideas to the local context

We are innovative thinkers

and deliver multi-faceted

solutions, drawn from our

global network of advisers,

consultants and strategic

partners.

We combine these global

ideas with our local expertise.

Experienced and

technically strong team

Our team of professionals is

technically strong and has

extensive experience, having

worked at some of the

world’s most prominent

global firms.

Key

pill

ars

Our vision is to become a leading, innovative, global investment and advisory house, that builds long-term

partnerships with African businesses

Who we are

InvestmentsAdvisory services

Moshe Capital is a 100% black women owned South African advisory and investment company established in 2013. Our vision is

to become a leading, innovative, global investment and advisory house that advises and invests in African companies. Our aim is to

be a partner of choice for global and African companies seeking to create and support the next generation of prosperous African

businesses.

We work with our partners to generate sustainable returns on investment and promote inclusive prosperity in Africa through

guiding our advisory and consulting clients, partnering with and leading our investee companies.

5

Consulting Corporate Finance

What we do G

uid

e Through our advisory business we provide:

• Strategy and operations consulting

• Human capital consulting

• M&A advisory

• Capital markets (equity and debt) advisory

• Sustainability and impact investment solutions for communities

Par

tner Acquisition of minority

stakes in businesses through:

• Principal investments

• Consortium investment participation

• Black economic empowerment transactions

Lead Acquisition of

controlling stakes in businesses that form part of our core focus areas

Consulting / Corporate Finance

Investment Business

Controlled Companies

Since 2013, we have two investments and have advised over 15 companies in M&A, strategy and fund

raising

6

Minority Investments

Our team has global and local presenceWe are local and think global

Private & Confidential

7

London team

• Mark Steeves

• David Charters

Johannesburg office

• Gunter Steffens

• Mametja Moshe

• Konosoang Asare-Bediako

• Nuno Rodrigues

• Myles Baker

• Yashin Kandielall

• Buhle Mndzebele

• Mike June

Abu Dhabi consultants

New York City office

• Chris Eaglin

Paris team

• Antonio Poncioni Mérian

Switzerland strategic

partner

Singular

London strategic

partner

VSA Capital

Shanghai strategic

partner

VSA Capital

India team

• Saquib Ali

• Avishek Mitra

• Pratik Dholani

8

Moshe Capital team

Overview of the Moshe Capital executing team

• Special advisor to Moshe Capital

• Specializes in corporate finance (M&A), corporate development,

business evaluation, deal origination & execution, Investments

• Key sectors include mining, oil & gas, power generation and

services

• Previously worked at the Abu Dhabi National Energy Company

(TAQA), Rio Tinto, BHP Billiton, and KPMG Consulting AG

• MBA, CA(PT): B. BA (Finance & Strategy)Nuno Rodrigues

Special Advisor

Number of years’ experience

Konosoang

Asare-Bediako

Director

• Director – joined Moshe Capital in 2015

• Experience in corporate finance (M&A focus); accounting; ECM

• Key sectors include financial services and insurance, consumer

products and mining

• Previously worked for Sasol (Corporate Finance) and

Deutsche Bank

• Executive Programme; CA(SA); BBusci Hons (Finance and

Accounting)

13

Mametja Moshe

CEO

• Founder and CEO of Moshe Capital

• Experience in corporate finance, ECM and DCM, investments,

accounting; corporate tax; B-BBEE transactions

• Key sectors include mining, energy, telecommunications,

consumer products and services

• Previously worked for Morgan Stanley, UBS AG and KPMG

• MBA; CA(SA); B. Com Hons (Accounting and Management

Accounting)

16

• Senior Vice President – joined Moshe Capital in 2017

• Experience in corporate finance and project finance

• Key sectors include mining and telecommunications

• Previously worked at HSBC, Commerzbank and Nedbank

• Bcom Hons (Business Finance)

Myles Baker

Senior Vice President

2018

• Senior Vice President – joined Moshe Capital in 2019

• Experience in corporate finance (M&A focus), ECM & DCM

• Key sectors include mining, industrials and telecommunications

Previously worked at Morgan Stanley, Bank of America Merrill

Lynch and UBS

• Bachelor of Business Science (Finance)

Yashin Kandielall

Senior Vice President

11

9

Moshe Capital team (continued)

Number of years’ experience

Buhle Mndzebele

Analyst

• Analyst – joined Moshe Capital in 2018

• Experience in investment analysis and corporate

finance

• Key sectors include mining and financial services

• Previously worked for the Central Bank of

Swaziland, JP Morgan (NY) and the Michigan

State Fund (MI)

• BA Hons (Corporate Finance and Investments)

3

Avishek Mitra

Analyst

• Associate – joined Moshe Capital in 2018

• Experience in research, investment analysis and

corporate finance

• Key sectors include mining and financial services

• Previously worked for Tresvista Financial Services

• Bus.Sci (economics, mathematics and statistics)

3

• Assistant Vice President – joined Moshe Capital in

2018

• Experience in financial modelling and operational

modelling

• Key sectors include financial services, software /

technology and energy

• Previously worked at Accenture Services

• MBA, B.Eng.Saquib Ali

Assistant Vice President

6

Overview of the Moshe Capital executing team

Pratik Dholani

Analyst

• Analyst – joined Moshe Capital in 2018

• Experience in financial services, industry research,

valuation and comparable analysis

• Key sectors include mining and financial services

• BA (Accounting and Finance)

1

• Analyst - joined Moshe Capital in 2019

• Key sectors include financial services and

logistics

• Experience in research, corporate finance and

valuations

• Masters in finance and economics

Mike June

Analyst

1

Moshe Capital team (continued)

10

Moshe Capital advisory board

Mark Steeves

Founder and Director Samphire

and Associates

Christopher Eaglin

Professor at Nyack College;

Director of Even Ground

Gunter Steffens

Non-executive Director in

various listed companies

• More than 35 years in

private and public sectors:

shipping; oil & gas;

procurement; logistics;

insurance; financial

services; agriculture; UK,

USA, MENA, FSU and sub

Saharan Africa

• 15 years energy, natural

resources, and

transportation

infrastructure M&A and

operations in Africa, US

and LATAM

• 40 years experience in

finance; ran Dresdner

Bank in London for 25

years; worked in Canada,

Switzerland and France

Dr Antonio Poncioni Mérian

Director - Africa, Emirates and Portugal:

Odebrecht

• Experience in investments,

mergers and acquisitions as well

as political advisory in Brazil,

France and across African

continent

• Over 30 years financial

services experience as an

investment banker,

venture capitalist and

business man. Experience

in more than 50 countries.

David Charters

Founder and partner – Partner

Capital

40 35 30

15 13

Number of years’ experience

Strategic alliances and partnershipsMoshe Capital has strategic partnerships with leading global consulting, corporate

finance advisory and investment companies

11

Consulting Corporate Finance

Singular is a global natural resource based advisory

firm offering a comprehensive range of professional

services to clients in the commodities space. Their

offering of professional services and investment

management is designed to help clients create value,

including strategic advisory, principal investment and

management, project development and product

marketing.

VSA Capital is an international investment banking and

broking firm providing corporate finance, advisory and

fundraising servicers, with offices in London and

Shanghai.

VSA Capital has an experienced management team with

backgrounds in a wide range of investment banking and

broking firms and sectors. VSA Capital has customised

services to public and private companies engaged in

M&A and fund raisings. The team has provided advice

and executed transactions in a number of regulated and

unregulated markets throughout the world

Sanari Capital is a private equity firm focusing on

investment opportunities in the lower- and middle-

market. Sanari Capital specialises in founder-run,

owner-managed and family-owned businesses. Sanari

Capital brings corporate best practice to

entrepreneurial settings and a sense of ownership to

highly corporate environments via our custom private

equity solutions.

Joint investments

Moshe Capital advises and invests alongside its local and global strategic partners as may be required for each

transaction

MOSHE CAPITAL ADVISORY BUSINESS

Section 2

12

Moshe Capital advisory

Consulting

We provide a full range of consulting services

including:

- Research

- Business strategy and operations consulting

- Human capital consulting

- Human resource post-merger integration

- Independent valuations

- Financial and commercial due diligences

- Sustainability and impact investment solutions for

communities

Corporate Finance

We provide M&A services including:

-Valuation services

- Financial and business modelling

- Commercial and financial due diligence

- Transaction structuring and negotiation

- Buy-side advisory

- Sell-side advisory

Other corporate finance services include:

- Stakeholder engagement

- Business restructuring

- B-BBEE advisory

- Balance sheet optimisation

13

Selected recent transactionsMoshe Capital has advised on over fifteen assignments since inception

14

Potential acquisition of 100%

stake in an infrastructural

company

ZAR120MM

2016

Strategic options review on

40% investment in a mining

company, restructuring of

investee company balance

sheet and capital raise

ZAR250MM

2016

Makole Kamela

Advisor to BEE Consortium

on its potential acquisition of

100% of a diamond tailings

company

ZAR419MM

2015

Rockwell Diamonds

Equity capital raise

US$25MM

2015

Acquisition of coal

beneficiation company: M&A,

capital raising

ZAR30MM

2015

South African renewable

energy company

Strategic advisory,

investment options review,

capital raising

2014

Equity capital raise

US$5MM

2015

Proposed acquisition of

100% stake in a US based

electrical products and

service provider

ZAR750MM

2015

Financial adviser in the

acquisition of Lonmin by

Sibanye Stillwater

ZAR5,2 BN

Ongoing

Financial adviser to Siyanda

Resources on the acquisition

of Union mine 50,1% of Masa

Chrome

ZAR400MM

2018

Recent Consulting mandates

15

2017: Financial and commercial due diligence and consulting services

2018: Financial and commercial due diligence and consulting services

2018: Consulting services in connection with the Mpumalanga International Fresh Produce Market

2018: Consulting services in connection to the Mpumalanga Economic Agency’s (“MEGA”) investment in Nkomati

Anthracite (Pty) Ltd

2018: Bankable Feasibility Study

2018: Financial and commercial due diligence and consulting services

MOSHE CAPITAL INVESTMENTS BUSINESS

Section 3

16

Why Moshe Capital?

17

Skilled and experienced team

• 100% black-women ownership

with a team of highly skilled and

experienced ex-bankers and

consultants

• Chartered accountants, ivy

league education, international

investment banking and

consulting experience

Unapologetic transformation agenda

• Employ and train black South Africans with

the same values and ambition i.e. building a

proudly African advisory and investment

house that can compete at a global level

• Use existing B-BBEE legislation to promote

and showcase black-women excellence

• Ensure that our investee companies are

fully transformed

Build a long-lasting African legacy

• We believe in building the

best-in-class companies that

will out-live us

• Best African consulting

company and corporate

finance house

• Active investors that will

push a transformation agenda

within their investee

companies

Value creation

• Through its businesses, Moshe

Capital will create value for its:

• Clients

• Investors

• Communities around investee

companies

• Employees and investee company

employees

1

2

3

4

Moshe Capital skilled and experienced team Attract, train and retain the best talent supported by global advisory board with access to

international business networks

18

We believe in hiring skilled senior team combined with ambitious younger team that we train internally.

Advisory Investment

Mametja Moshe

CA (SA); MBA

CEO

• 15 years experience

• Specialised in corporate

finance, investments,

accounting and strategy

• Key sectors include mining,

energy, telecommunications,

consumer products and

servicesKonosoang Asare-

Bediako

CA (SA)

Director

• 12 years experience

• Experience in corporate

finance, accounting, and

financial modelling

• Key sectors include

financial services, consumer

products and services,

1

Unapologetic transformation agenda

19

At Moshe Capital

• Promote black-excellence - Create Africa’s leading black women controlled investment and advisory house

• Already proven through our track record, partners and clientele

• Top DFIs

• Listed entities

• African footprint

Women participation in

key sectors of the

economy

• Through our investment company we will promote black women participation in key sectors through:

• Investing in the key economic sectors

• Identifying women to lead within the investee companies alongside existing management teams

• Promoting development of women employees and women-owned businesses

In the board room• Promote black-female participation on the boards of directors of the companies we invest in, consult with

or advise

Employee participation in

investee companies

• We would like to ensure that all companies we invest in create black employees participation in the

shareholding of the companies we invest in

• We would partner with management teams for their participation in equity

Job creation

• Support job creation opportunities by

• Organic growth of investee companies – sales and markets growth thus leading to job creation

• Ensuring that through our involvement, investee companies’ identify and support procurement from

small-to-medium enterprises (“SMEs”)

Our goal is to ensure that the companies we work with result in permanent transformation and participation in all spheres of the

economy

2

20

Unapologetic transformation agenda in our investee companies

Moshe

Capital

Black Employees Black senior

executives

Newco

Investee

company

Funding

In line with our inclusive prosperity motto, we will create transformative black employee participation in our underlying investments

Key considerations

• Investment will include existing management teams

where possible

• Moshe capital will create an employee share scheme

which will attract senior black executives with an

entrepreneurial flair

• Management incentive on ownership will be linked to

identifying and issuing shares to investee companies’

black executives and employees

Transaction steps

• Moshe Capital will establish a consortium made up of the company,

management and black employees – mainly executives

• Where there are no black executives in the management structures,

Moshe Capital will hold the shares until management identifies and

employs such executives

• Management shares’ vesting would also be based on

• securing and allotting shares to black staff

• Achieving transformation goals set upfront

We believe in entrepreneurship by partnership

Moshe Capital

Professional black female

experts

Transformed investee

companies

2

Build a long-lasting African legacy

21

3

Consulting Corporate finance advisory Investment

World-class consulting firm with a deep

understanding of African landscape

Mergers, acquisitions, disposals.

restructuring, equity capital markets, debt

capital markets advisory firm led by

Africans with global reach

Investment in key sectors of the African

economies through participation in the

listed companies, drive to build and grow

SMEs, international company partnerships

Bringing women to the forefront of the financial services sector through active participation in previously untransformed sectors of our economy

Value creation In our investee companies

Market related or discounted

investment entry point

• Our team has corporate finance experience and thus understand and are skilled in deal-making including negotiatingblack-women participation discounts to the acquisition price

Active investment

Through our knowledge of industries and established networks we will assist in business development, strategy developmentand implementation and corporate governance

Track record of value creation

• We have delivered value in the companies we have advised and seek to find like-minded partners (co-investors and executives) that understand value creation

Exit at the right time and valuation

• Long-term investor

• Will establish optimal

exit point based on

funder requirements

22

4

Investment strategy: Partners

Inbound Strategy

International industry leaders looking for African

presence

Local presence enhancement

SA companies looking for:

•Growth partner

• Business development

• B-BBEE

•Access to SA and international funding

Outbound

Strategy

SA companies looking for:

• Pan-African expansion

• Ex-Africa growth strategy

• Distribution channels

• International investors

We look for partners that seek investors for:

23

Enterprise Value ✓ ZAR200 - 1,000MM

Investment Size ✓ ZAR100 - 250MM

Sectors ✓ We are sector agnostic (but exclude primary agriculture and “sin-assets”)

Geography ✓ Primary focus South Africa with potential to grow regionally (sub-Saharan Africa) or

internationally

Profitability ✓ Three-years’ profits (or highly profitable global partner setting up local presence)

Cash generation ✓ Positive cash flows

Use of Funds ✓ Growth Capital

✓ Balance Sheet optimization

✓ Buyout

Core Investment Principles

Investment criteria

24

Management ✓ Strong management team or

potential to enhance the existing

management team

✓ In-depth industry knowledge and

experience

Active Investment ✓ Moshe Capital actively involved in

the investment

Track Record ✓ Track record of success

The Business Returns

Returns on Investment ✓ IRR > 25%

Times Money Back ✓ TMB > 3.0x

Investment Period ✓ At least 5 years

Exit

IPO

Strategic partner: • Competitors

• International players

Moshe Capital investments

Sanari Fund Managers I is a South African private equity fund management company with assets in

technology and cabling businesses

Moshe Capital owns 5% shareholding in SanariFund Managers I

Moshe Capital team also sits on the investment committee of Sanari Fund Managers I

25

Moshe Capital owns a 12,2% stake in a South

African cables distribution company

The Moshe Capital team also serves on the

board of directors of Jaycor International

MOSHE CAPITAL’S STRATEGIC PARTNER

Appendix A

26

VSA Capital – Our strategic partner in London and Shanghai

27

VSA Capital is an international investment banking and broking firm providing customised services in corporate finance, advisory

and fundraising to public and private companies in regulated and unregulated markets throughout the world

• Acquisitions and disposals

• Public company takeovers

• Capital raisings

• Strategic advisory

• Asset/project evaluation

• Initial public offerings

• Secondary fundraisings

• Spin-outs and de-listings

• Secondary listings

• Equity sales and trading

M & A Advisory

• Public company advisory

• Investor relations

• Deal/non-deal roadshows

Equity Capital

Markets

Alternative

Financing

• Initial public offerings

• Debt financing

• Convertible/hybrid instruments

• Private placements

• Farm-in/out transactions

• Royalty and off-take financing

Corporate Broking

Mining

AgricultureOil & Gas AI and disruptive technology

Alternative Energy/New Energy Batteries and Battery Materials

Services

Key sector

TEAM AND ADVISORY BOARD BIOGRAPHIES

Appendix B

28

Moshe Capital team (I/VI)

Mametja Moshe has over fourteen years finance experience in corporate finance, equities capital markets, debt capital

markets, black economic empowerment, accounting, auditing and corporate tax fields. She is the founder and CEO of

Moshe Capital.

Prior to Moshe Capital, Mametja worked at Identity Capital Partners (“ICP”), a South African investment group, as an

executive in finance and senior associate in the investments team. Mametja spent over four years in banking prior to ICP

at: Morgan Stanley from 2007 to 2010 covering South African, Zambian and Nigerian M&A and equity capital markets

and UBS South Africa (2006 to 2007) covering South African M&A. During this period in banking she led teams in the

execution of transaction worth over $4 Billion.

Before her investment-banking career, Mametja spent five years at KPMG Inc. serving her auditing articles in the

consumer products team and later joining the corporate tax team where she covered tax compliance, restructurings,

mergers and acquisitions and Black Economic Empowerment transactions.

Mametja sat on the boards of Identity Mineral Resources (Pty) Ltd and Altech Netstar (Pty) Ltd (alternate), Southgold

Exploration (Pty) Ltd, a subsidiary of the multinationally listed Great Basin Gold Limited and EuroDollar Foreign

Exchange (Pty) Ltd.

Mametja obtained her B. Com Hons (Accounting); and B. Com Hons (Management Accounting) degrees from the

University of Kwazulu Natal. She is a qualified chartered accountant and an MBA graduate in the Global Executive

Program at Columbia Business School and London Business School.

2929

Mametja Moshe

CEO

Moshe Capital team (II/VI)

30

Kay has worked in the financial services sector for over ten years at global multinationals, Deutsche Bank and Sasol Limited.

She began her career at Sasol as a Corporate Finance Specialist where she managed various mergers and acquisitions,

including modelling, administration of acquisition and disposal transactions, and liquidation of dormant companies. During

her time at Sasol she was also a part-time Financial Reporting and Accounting lecturer at the Vaal University of Technology,

in Secunda.

Subsequently, Kay joined Deutsche Bank in the Investment Banking Coverage and Advisory (“IBC&A”) team, where she

worked on numerous projects in the public, industrial, consumer, banking and mining sectors. Most notably Kay was a part

of the advisory team at Deutsche that advised the Central Bank of Nigeria on the landmark transaction involving the

restructure of the Nigerian banking system, which included the nationalisation and recapitalisation of struggling banks in

Nigeria.

Kay’s key competencies include strategic analysis of businesses, analysis and recommendation of appropriate transaction

structures, financial modelling and business valuations, assessment of the applicability of various laws and regulations to

transactions (such as Companies Act, JSE Listings Requirements, PFMA) and project management.

Kay holds a Bachelor of Business Science with Finance Honours from the University of Cape Town and is a qualified

chartered accountant and a graduate of the Columbia Business School Executive Program.

Konosoang “Kay”

Asare-Bediako

Director

Moshe Capital team (III/VI)

31

Nuno Rodrigues

Special Advisor

Nuno has eighteen years of solid international experience in multiple senior management roles in finance, commercial &

corporate development for global industry leaders in Natural Resources, Oil & Gas, Power & Management Consulting.

Prior to Moshe Capital, Nuno worked in Abu Dhabi for the Abu Dhabi National Energy Co “TAQA” as director of

corporate development for the MENA region (Middle-East North Africa) building a new portfolio of operating oil & gas

assets, leading deal teams in multiple acquisitions including a $650 Million transaction in the North of Iraq.

Before TAQA, Nuno worked at Rio Tinto, out of the corporate headquarters in London, covering the evaluation and

appraisal on behalf of the Investment Committee (CFO’s office) of multiple billion $ greenfield and brownfield

investments (in organic growth and M&A) across several commodities. Prior to Rio Tinto, Nuno worked at BHP Billiton

in The Hague and Singapore as a consultant for BHP’s Marketing & Trading group. Nuno started his career in Germany as

a management consultant working at KPMG Consulting in the treasury & corporate finance practice in Stuttgart &

Frankfurt.

Nuno is based in South Africa, where he has been advising in the last few years, several international private companies

(investment funds, family offices and SMEs) with interests in energy & mining in sub-Saharan Africa.

Nuno has an MBA from London Business School, a masters in international management by the Pforzheim

Fachhochschule in Stuttgart (Germany) and a University Degree in Finance & business administration from ISCTE in

Lisbon (Portugal).

Moshe Capital team (IV/VI)

32

Myles has gained extensive experience in the financial advisory, corporate finance, mergers and acquisitions, equity and

debt capital sectors of the South African banking industry. He has advised on structuring and financial impact of

acquisition / divestiture transactions, capital raising, as well as the legislative and regulatory implications from the

Companies Act, Takeover Regulations, JSE Listings Requirements and competition considerations, inter alia.

Myles has held various positions with HSBC, Commerzbank and Nedbank and gained experience both locally and

internationally. His sector expertise covers the Financial, Oil & Gas, Metals & Mining, Energy, Retail, Infrastructure, Media

& Telecoms and Industrial sectors. His international banking experience has provided him with deep cross-functional

experience across the breadth of banking operations and provided him with an understanding of business functions such

as finance, marketing, operational processing, IT and more.

He has developed a working knowledge of FICA, legal and compliance requirements, data analysis, information

technology and business infrastructure requirements. Myles holds an honours degree in Business Finance.

Myles Baker

Senior Vice President

Yashin has over 10 years of investment banking experience with a focus on mergers & acquisitions, equity and debt

capital markets.

Prior to joining Moshe Capital, he worked at Morgan Stanley as a Vice President in the South African investment banking

team advising clients on acquisitions, divestitures, capital raisings and relevant legislative and regulatory implications.

Yashin has also worked in the South African investment banking teams at Bank of America Merrill Lynch and UBS

covering South African M&A, ECM and DCM transactions.

Throughout his investment banking career, Yashin has worked on numerous projects in the industrial, consumer,

telecommunications and mining sectors, having advised clients on large and complex transactions.

Yashin holds a Bachelor of Business Science degree with honors in Finance from the University of Kwa-Zulu Natal.

Yashin Kandielall

Senior Vice President

Moshe Capital team (V/VI)

33

Saquib was been with Moshe Capital since 2018.. He has experience working on projects across multiple sectors

including profiling, running financial forecast models, operational models and presentations, comparable public analysis

and valuation pieces.

He has worked with Accenture Services Pvt. Ltd. for two years as a software developer for a UK based energy client. He

completed his post-graduation from Institute of Management Technology, Ghaziabad, with a Master's degree in Business

Administration and also holds a Bachelor’s degree in Engineering from the University of Mumbai.

Saquib Ali

Assistant Vice President

Moshe Capital team (VI/VI)

34

Buhle holds a bachelor’s degree from the Eli Broad College of Business at Michigan State University in Finance and

Investments with core focus on Security Analysis, Investment Strategies and Speculative Markets.

He has Two year’s experience in asset analysis – equity and foreign exchange derivates having worked with institutions

such as the Central Bank of Swaziland in Swaziland, Stout Risius Ross, Michigan State Investment Fund and JP Morgan

private bank in the USA.Buhle Mndzebele

Analyst

Avishek joined Moshe Capital in 2018 and has worked with clients across Europe, United States and Africa. He has

worked on projects across different sectors, primarily on industry research, profiling and presentations, comparables

analysis and running financial forecast models.

He holds a Bachelor’s degree in Science degree (economics, mathematics and statistics) in Economics from Christ

University, Bangalore, and is currently pursuing the CFA Charter.Avishek Mitra

Analyst

Pratik Dholani

Analyst

Pratik joined Moshe Capital in 2018 as an Analyst and has one year of experience in the financial services sector. He

has worked on multiple projects involving industry research, valuation and comparable analysis.

Pratik holds a Bachelor’s degree in Business Administration degree (Accounting & Finance and Marketing) from

Symbiosis International University.

Mike is holds a Master’s degree in Financial Management Sciences from the University of Pretoria. He also holds a

BCom Honours degree and a Bachelor of Business Science degree with a double major in Accounting and Economics,

from University of Pretoria and Monash University respectively.

He has extensive academic background in corporate finance, capital structure, cost management accounting, micro and

macroeconomics as well as valuations amongst others.Mike June

Analyst

Advisory board (I/II)

Gunter Steffens

Non Executive Director – a

number of companies

David Charters

Founder and partner –

Partner Capital

After school, military service and final exams as a banking apprenticeship in Germany, Günter emigrated to Canada

and worked for the Canadian Imperial BANK OF Commerce in Montreal. Thereafter moved to Zurich and joined

the Swiss Bank Corporation. Before he was engaged by Dresdner Bank AG in Cologne, Günter spent time at

Credit Commercial de France in Paris.

Gunter then moved to Dresdner Bank AG to London. He was the Bank’s representative and subsequently general

manager between 1968 and 1993. Günter chaired the Foreign Bank Banks and Securities Houses Association and

the German-British Chamber of Industry and Commerce BETWEEN 1974 AND 1992. From 1993 Günter was the

group representative and geographic head for South and Southern Africa until 2002.

After RETIRING Gunter became non-executive director of a number of companies including Ridge Mining Plc,

Allianz International Insurance Limited, Redefine Properties Limited, Astrapak Limited, mara SP Reid (also

chairperson), Leon Africa, Lusan Holdings, Tesuco Group of companies, Conduit Capital .

David Charter has an extensive track record of achievement in financial services over 20 years as a Director of SG

Warburg Securities, Managing Director at Deutsche Bank and then as an Independent Practitioner. He served as

the Head of Equity Syndicate at both Warburg and then Deutsche in London and was responsible for global equity

new issue operations. He worked on many of the largest and most innovative flotations and privatisations, for

companies as diverse as Eurotunnel, Repsol, Euro Disneyland, Deutsche Telekom, amazon.com, e trade and EADS.

At Deutsche he co-headed a technology venture capital principal investment team. As a result of the success of

this business he retired in 2000 to focus on private investment and philanthropic interests.

As a private practitioner since 2000, he has invested in over twenty companies and advised a broad range of

clients. He has extensive involvement in developing companies at board level either as Chairman or NED. His

current and past directorships include: VTB Bank Europe plc (previously the Moscow Narodny Bank), The Access

Bank (UK) Ltd, the wholly owned UK subsidiary of Access Bank of Nigeria, the security company Protection

Group International, the business networking organisation the D Group, cyber security company Glasswall

Solutions, legal services outsourcing company Riverview Law (since acquired by EY) and the court jewellers Cleave

and Co. His principal current business interests are in the finance and corporate security and business intelligence

sectors. Outside his professional activities, he is the co-founder of the Beacon Prize for Philanthropy and features

in Charles Handy’s ‘New Philanthropists’, and serves as a trustee on several charitable boards including the John

Smith Trust, which runs young leaders’ programmes for developing nations in the FSU, Middle East and elsewhere.

35

Advisory board (II/II)

Mark Steeves

Founder and Director

Samphire and Associates

Christopher Eaglin

Professor at Nyack

College

Director-Even Ground

Mark has more than 35 years business experience: in the private sector when he owned and successfully sold

his business; with a publicly listed oil and gas company, where he ran the services division; and until 2010, as an

executive with the global multinational HSBC plc, his final position as Head of Africa at HSBC Insurance. He

now runs his own company again, Samphire & Associates Ltd, which provides advisory services, especially in

regard to Africa, where he has much experience; and is an associated consultant at corporate advisory firm,

Partner Capital Ltd.

In Africa, Mark’s principal clients since 2010 have included: German private equity firm, African Development

Corporation, which invested in banks and insurance companies in Africa; Phoenix Africa Development Co in

which he was personally an investor and non-executive director; and Leon Africa, a consumer finance and

credit bureau business in Zimbabwe, where Mark sat on the board, on the Remuneration Committee and

chaired the Audit & Risk Committee. He was a non-executive director of the Business Council for Africa in

the UK for many years; and since 2011 has had a mentor / mentee relationship with a black South African

woman farmer which originated as part of the Women-Led Business Programme run by Femmes Africa

Solidarité. Mark has sat on the advisory board of Moshe Capital since 2016.

Christopher has over 15 years’ experience in the energy sector, gained from across the globe. He spent four

years in Africa executing renewable energy projects, mainly in South Africa and Mozambique, He has

negotiated more than 100 contracts to support the origination, acquisition, and closure of US$10+ billion in

energy, natural resources, and transportation infrastructure assets throughout Asia, Africa, United States, Latin

America and Europe. As part of consulting teams, Chris managed strategic initiatives with senior level

leadership at international financial institutions, multi-laterals, Global Fortune 100 companies, and government

ministries to assess and mitigate risk for water, climate change, and natural resources.

Chris has led and participated in multi-national teams to execute economic and environmental analysis to

support strategic direction for energy infrastructure development. He is an adjunct professor at Nyack

College’s School of Business and Leadership and is involved in impact investment and CSR opportunities across

the continent.

36

Private and confidentialPrivate and confidential 37

Contact details:

Address: Deutsche Bank Building, 3 Exchange Square, 87 Maude Street, Sandton

Tel: +2711-783-9986