INVESTMENT APPROACH

We aspire to build exceptional businesses with sustainable futures.

Our investment approach

We aspire to build businesses with strong cash-generating capabilities in order to facilitate growth and secure sustainability through economic cycles and in the face of unexpected challenges.

Our investment decisions are guided by the following five strategic filters:

We aspire to be the leaders in the markets we serve. In order to do this, we establish, build and sustain market-leading brands that deliver the innovative products and services we use to offer value-added solutions to our customers. We continuously invest in our brands in order to differentiate our products and services in the marketplace and to create a measurable competitive advantage.

We aspire to create barriers to entry in all our businesses by focusing on scale, the channels to market, technology, innovation, backward integration, market share and brand-building. By creating high barriers to entry, we protect our revenues and margins over the long term.

In order to maintain and grow margins in a competitive environment, we constantly seek opportunities to differentiate our products and services through innovative value-added solutions.

In response to the scale and rapid rate of change in the socio-economic environment, we aspire to maintain a diversified revenue stream from leading businesses that operate in different growth sectors and geographic regions. This is part of our strategy to mitigate risk and secure growth opportunities through economic cycles. We focus on investing in industries and sectors that meet market needs for non-discretionary goods and services.

We are located in Africa and focused on growth in African markets. Our operations are located in close proximity to the markets we serve in order to provide a competitive advantage against global competitors.

Our post-investment approach

While our strategic filters provide guidance in investment decision-making, the following growth drivers provide guidance and direction in operational execution:

Market share growth
and new markets

We aspire to leverage our investments in people, product, process, technology and innovation in order to remain globally competitive, grow market share in established markets, and enter into new markets.

Investment in people, product, process and innovation

We believe that people, product, process and innovation are the four factors that give us our competitive advantage, create a solid platform for growth, and secure long-term sustainability.

We therefore aspire to attract, retain and develop the best people in the industries and sectors in which we operate. Our culture and values emphasise how important our people are to us, and what a significant role they play in developing and executing our strategy. As a reflection of this, we have a decentralised organisational structure, which gives management teams within the group ownership over their own operational processes. Our approach is to formulate strategic intent at board level, to develop strategy at executive level, and to vest the responsibility for implementation with divisional management.

In addition to our people, we also believe that the best product always wins. That is why we innovate relentlessly, invest in the development of new products and services, pursue the highest levels of quality in everything that we do, and ensure that we consistently offer our customers fully integrated, fit-for-purpose solutions.

Finally, we believe that the most cost-efficient producer always wins. This makes us obsessed with being the lowest-cost producer through ongoing investment in processes, technology and business innovation.

Our investment approach

We aspire to build businesses with strong cash-generating capabilities in order to facilitate growth and secure sustainability through economic cycles and in the face of unexpected challenges.

Our investment decisions are guided by the following five strategic filters:

We aspire to be the leaders in the markets we serve. In order to do this, we establish, build and sustain market-leading brands that deliver the innovative products and services we use to offer value-added solutions to our customers. We continuously invest in our brands in order to differentiate our products and services in the marketplace and to create a measurable competitive advantage.

We aspire to create barriers to entry in all our businesses by focusing on scale, the channels to market, technology, innovation, backward integration, market share and brand-building. By creating high barriers to entry, we protect our revenues and margins over the long term.

In order to maintain and grow margins in a competitive environment, we constantly seek opportunities to differentiate our products and services through innovative value-added solutions.

In response to the scale and rapid rate of change in the socio-economic environment, we aspire to maintain a diversified revenue stream from leading businesses that operate in different growth sectors and geographic regions. This is part of our strategy to mitigate risk and secure growth opportunities through economic cycles. We focus on investing in industries and sectors that meet market needs for non-discretionary goods and services.

We are located in Africa and focused on growth in African markets. Our operations are located in close proximity to the markets we serve in order to provide a competitive advantage against global competitors.

Our post-investment approach

While our strategic filters provide guidance in investment decision-making, the following growth drivers provide guidance and direction in operational execution:

Market share growth
and new markets

We aspire to leverage our investments in people, product, process, technology and innovation in order to remain globally competitive, grow market share in established markets, and enter into new markets.

Investment in people, product, process and innovation

We believe that people, product, process and innovation are the four factors that give us our competitive advantage, create a solid platform for growth, and secure long-term sustainability.

We therefore aspire to attract, retain and develop the best people in the industries and sectors in which we operate. Our culture and values emphasise how important our people are to us, and what a significant role they play in developing and executing our strategy. As a reflection of this, we have a decentralised organisational structure, which gives management teams within the group ownership over their own operational processes. Our approach is to formulate strategic intent at board level, to develop strategy at executive level, and to vest the responsibility for implementation with divisional management.

In addition to our people, we also believe that the best product always wins. That is why we innovate relentlessly, invest in the development of new products and services, pursue the highest levels of quality in everything that we do, and ensure that we consistently offer our customers fully integrated, fit-for-purpose solutions.

Finally, we believe that the most cost-efficient producer always wins. This makes us obsessed with being the lowest-cost producer through ongoing investment in processes, technology and business innovation.

Our investment approach

We aspire to build businesses with strong cash-generating capabilities in order to facilitate growth and secure sustainability through economic cycles and in the face of unexpected challenges.

Our investment decisions are guided by the following five strategic filters:

We aspire to be the leaders in the markets we serve. In order to do this, we establish, build and sustain market-leading brands that deliver the innovative products and services we use to offer value-added solutions to our customers. We continuously invest in our brands in order to differentiate our products and services in the marketplace and to create a measurable competitive advantage.

We aspire to create barriers to entry in all our businesses by focusing on scale, the channels to market, technology, innovation, backward integration, market share and brand-building. By creating high barriers to entry, we protect our revenues and margins over the long term.

In order to maintain and grow margins in a competitive environment, we constantly seek opportunities to differentiate our products and services through innovative value-added solutions.

In response to the scale and rapid rate of change in the socio-economic environment, we aspire to maintain a diversified revenue stream from leading businesses that operate in different growth sectors and geographic regions. This is part of our strategy to mitigate risk and secure growth opportunities through economic cycles. We focus on investing in industries and sectors that meet market needs for non-discretionary goods and services.

We are located in Africa and focused on growth in African markets. Our operations are located in close proximity to the markets we serve in order to provide a competitive advantage against global competitors.

Our post-investment approach

While our strategic filters provide guidance in investment decision-making, the following growth drivers provide guidance and direction in operational execution:

Market share growth
and new markets

We aspire to leverage our investments in people, product, process, technology and innovation in order to remain globally competitive, grow market share in established markets, and enter into new markets.

Investment in people, product, process and innovation

We believe that people, product, process and innovation are the four factors that give us our competitive advantage, create a solid platform for growth, and secure long-term sustainability.

We therefore aspire to attract, retain and develop the best people in the industries and sectors in which we operate. Our culture and values emphasise how important our people are to us, and what a significant role they play in developing and executing our strategy. As a reflection of this, we have a decentralised organisational structure, which gives management teams within the group ownership over their own operational processes. Our approach is to formulate strategic intent at board level, to develop strategy at executive level, and to vest the responsibility for implementation with divisional management.

In addition to our people, we also believe that the best product always wins. That is why we innovate relentlessly, invest in the development of new products and services, pursue the highest levels of quality in everything that we do, and ensure that we consistently offer our customers fully integrated, fit-for-purpose solutions.

Finally, we believe that the most cost-efficient producer always wins. This makes us obsessed with being the lowest-cost producer through ongoing investment in processes, technology and business innovation.