Disciplined allocation of group capital across businesses, tied to agreed targets and reviewed against cashflow.
Overview
A group grows well when each pula goes where it earns the most for the least risk, and when that is checked regularly rather than assumed.
We allocate capital across the businesses in the group against targets they have agreed, and review returns and cashflow on a regular rhythm. Matters of size and risk are reserved to the board.
What it covers
How it works
Each business sets measurable targets and states the capital it needs to reach them.
The investment committee compares proposals on return, risk and fit.
Funding is released in stages as targets are met.
We review cashflow and returns, and move capital to where it works hardest.
What we look for
In context
Inflation of 7.8% in September 2026 and a 5.5% policy rate mean capital costs more, so each pula has to work harder.
Inflation is easing but still above target, the policy rate is 5.5%, and the 2026/27 budget raises taxes. Why tighter conditions favour disciplined, short-cycle funding.
October 20265 min readTell us what you sell, to whom, and what you need.