Standard Bank provides African Pioneer Group with R800m Structured Funding Solution

African Pioneer Group (“APG”) is an established black owned and managed industrialist firm focused on building significant or controlling interests in the Food & Beverages, Fishing, Leisure & Gaming, Renewable Energy and Petroleum sectors, founded in 1990 by a group of entrepreneurs based in Eastern Cape.

APG has been built on finding opportunities where strategic intervention through driving revenue growth, containing costs, and developing people results in further value creation for the benefit of all its stakeholders. The Group strives to utilise its resources and its market position to advance the cause of a better quality of life for all its people through economic advancement and empowerment evidenced by its large community-based shareholders.

The funding solution provided by Standard Bank’s Structured Capital team is anticipated to provide APG with the financial flexibility to pursue their strategic imperatives, explore new markets, expand its investment reach, and strengthen its competitive position as an allocator of private capital.

“We are honoured to have been trusted by African Pioneer Group to partner with them on their ambitious growth trajectory. The partnership with African Pioneer Group is aligned with the bank’s strategy of providing our clients with holistic funding solutions that drive meaningful and sustainable economic development”, Tyson Sithole, Executive Structured Capital Investment Banking

Statement from African Pioneer Group on the funding partnership with Standard Bank: “The facility, being pre-approved and available to draw at short notice offers a number of benefits regarding APG’s ability to respond to its growing deal pipeline; negotiation power, quick execution as well as giving management full control over the investment decisions by giving them flexibility to allocate funds across various investment opportunities in terms of APG’s strategic goals and risk tolerance”, David Ngobeni, Group Chief Operations Officer, African Pioneer Group.