Infrastructure
Our Public Private Partnerships
Vulindlela has been investing in infrastructure through Public Private Partnerships (“PPP”) since the dawn of democracy. The group has an extensive track record in Healthcare, Facilities Management, Infrastructure Development, and Property Development. In addition to existing infrastructure assets, Vulindlela and an IPP were recently awarded preferred bidder status in REIPPP Round 6 and indirectly acquired a shareholding a hybrid renewable project in Eskom’s RMIPPP.
Inkosi Albert Luthuli Central Hospital
Impilo Consortium – 35% effective shareholding
In 2001, Vulindlela was the lead party in the formation of the Impilo Consortium and co-sponsor of the 846-bed Inkosi Albert Luthuli Central Hospital (IALCH) – the first healthcare PPP in South Africa. The consortium provides integrated information management and technology, facilities management services and medical equipment management services. Vulindela and it’s consortium members were recently reawarded the IALCH concession for a further 12 years commencing in May 2024.
Department of Statistics South Africa
Dipalopalo Concession, Dipalopalo FM Solutions – 22.1% effective shareholding
Vulindlela is a shareholder at a concession and facility management level. Both Dipalopalo Concession and Dipalopalo Facilities Management are responsible for the design, construction, operations and maintenance of Statistics South Africa’s head office accommodation.
Afgri Grain Silo Company
10.05% effective shareholding
The SiloCo consortium acquired AFGRI Operation (Pty) Ltd’s grain silo and storage handling business in 2019. The business holds the largest portfolio of grain storage facilities in South Africa – an evergreen asset of strategic importance to food security.
Department of International Relations & Communications
Imbumba Aganang Private Party – 11.25% effective shareholding
Vulindlela is a shareholder in IAPP, which is the project company that houses the office accommodation PPP for DIRCO under a 25-year agreement – including design, construction, operation, maintenance, and finance) under a 25-year PPP agreement.
Department of Agriculture Land Reform and Rural Development
Tshala Bese Uyavuna Private Party – 15% effective shareholding
Vulindlela is part of the consortium that successfully won the bid to design, build, operate, maintain, and finance the new office accommodation for DALR&RD on a 25-year PPP agreement. Vulindlela also participates as a minority shareholder in the construction subcontractor.
Department of Forestry, Fisheries & the Environment
Imvelo Concession Company – 50% effective shareholding
Vulindlela became a shareholder in this concession in December 2023. Imvelo Concession is the project company that was awarded the PPP to design, construct, operate and manage the new office accommodation for the Department of Forestry, Fisheries and the Environment. This building is the first Greenstar 6-star design rating government building in Pretoria and has won several local and international awards for its sustainability factor.
Department of Correctional Services
Bloemfontein (Mangaung) Correctional Services Company – 19% effective shareholding
The Bloemfontein Correctional Services Company was the Private Party responsible for the design, construction, financing and operation of the maximum-security facility for Mangaung Correctional Centre. This PPP was the first of its kind in South Africa, partnering with the Department of Correctional Services. Vulindlela participates at an equity level in operating entity for this PPP.
RENEWABLE ENERGY ASSETS
Ngonyama Solar PV
48.5% effective shareholding
In 2023, Vulindlela in partnerships with German IPP, ibVogt, were awarded Preferred Bidder status for the Ngonyama 140MW Solar PV project located in Bloemfontein, Free State in the Round 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP). This project is Vulindlela’s first renewable energy project that it has participated in from project conceptualisation to completion and operational commencement.
Oya Energy
7.5% effective shareholding
Oya led by G7 Renewable Energies and ENGIE SA (“Lead Sponsors”) – is a hybrid renewable energy facility which will be capable of delivering 128 MW of dispatchable power to Eskom under the Risk Mitigation Independent Power Producer Programme (“RMIPPP”). Vulindlela and Thebe were invited by RMB (the Mandated Lead Arranger) to indirectly acquire a shareholding in Oya through funding Meadows Energy – an emerging Black Women owned manager. The project reached financial close in February 2024.