Portfolio

Wilenri Appliances (Pty) Ltd

Equity Holding: 69%

Business Conducted

Wilenri Appliances, t/a Mastercare (formerly Earlybird), provides care plans to repair household electronics and/or appliances services. Wilenri further focuses on identifying profitable trading projects.

Rationale

The initial investment into Wilenri (Pty) Ltd took place in the 2017 financial year. Wilenri was an attractive investment due to its sizeable tax loss in addition to the annuity income derived from its debit orders. Post investment, Wilenri focused on stabilising its operating systems and increasing the debit order book.

Future Prospects

With the infrastructure and large client base in place, Wilenri is able to bundle new home services into their care plan model.

Nu Mobile

Equity Holding: 50%

Business Conducted

Sale of smart phone contracts to blue collar workers, by way of a payroll deduction.

Rationale

Mastercare Mobile (Pty) Ltd has been established as a joint venture (JV) between Anuva Investments and NuMobile (Pty) Ltd. NuMobile seeks to raise its margins through the replacement of bank discounting with share capital, giving Anuva the opportunity to acquire an asset which will provide strong returns with relatively little management intervention.

Future Prospects

The growing dependency on smart phones through the increase in technological advancements and the increase in the LSM target group’s demand for smart phones makes Nu mobile an attractive investment. Companies are increasingly experiencing the need to communicate with their staff by way of WhatsApp and other social media platforms.

Mastercare Enterprises (Pty) Ltd

Equity Holding: 69%

Business Conducted

Mastercare Enterprises (Pty) Ltd is an empowered company and is the sales and distribution agent for the Medac product in addition to trading in promotional products with Kika Promotions.

Rationale for investment

Mastercare Enterprises (Pty) Ltd is a newly formed company in 2017.

Future Prospects

Mastercare Enterprises (Pty) Ltd is currently trading and focusing on establishing a competitive business plan to roll forward in the 2019 financial year.

Medac

Equity Holding: 20%

Business Conducted

Medac is the only local manufacturer of medical bracing to the medical industry. Medac also owns the ‘Rockets’ compression brand.

Rationale for investment

The initial investment into Medac (Pty) Ltd took place in the 2017 financial year. Medac was a favoured investment due to its well established sales contracts with retailers and its superior quality product. Medac is a local manufacturer and is therefore supported by the IDC.

Post investment, it was highlighted that Medac was lacking operational structure and therefore Anuva deployed an operations focused board member to address the limited production capacity and the back order book for 3 months.

Future Prospects

As the sole producer of medical bracing products, Medac has only captured a fraction of this market in South Africa. We expect to steadily increase penetration in the South African market. Because the company’s cost base is very low, a modest increase in turnover will have a significant impact on bottom line.

Cape Mohair (Pty) Ltd

Equity Holding: 46%

Business Conducted

Cape Mohair manufactures and supplies medical and fashion socks, specialising in the use of the Mohair and bamboo fibre, to the local and export market.

Rationale

The investment into Cape Mohair is our most recent investment that took place in the 2018 financial year. Cape Mohair has a distinct competitive advantage due to its specialisation in creating differentiated sock products using the locally sourced mohair fibre.

Future Prospects

The company has used the newly-invested machinery to increase its production capacity and meet market demand.

Annual Financial Statements 2017 | 2016