About
Mahube
Founded and incorporated in 2015, Mahube Infrastructure Limited is a JSE-listed company whose business is to own infrastructure assets in the energy, transportation, and water and sanitation sectors across Southern Africa.
Contribute meaningfully to the rapid and cost-effective development, operation and upkeep of key infrastructure needed to enable access to basic, social and economic services in urban nodes across Africa, at an acceptable level of quality and tariff without undermining the returns to our financial
backers.
Mahube’s investment objective is to provide attractive, risk-adjusted financial returns that are
characterised by:
- Predictable and regular cash flows generated from infrastructure assets;
- Exercising of management control over the invested infrastructure assets over the long term; and
- Capital growth from rendering disruptive infrastructure-underpinned solutions to market
inefficiencies.
Link to Investment Policy
Listed September 2017
Mahube Infrastructure Limited was listed on the JSE Limited in Johannesburg in 2015, as a Special Purpose Acquisition Company. Trading as GAIA Infrastructure Capital Limited at the time, the company raised R550 million upon listing and most of these funds were deployed in 2016 during the acquisition of its first viable asset, an interest in the Dorper Wind Farm.
The 100 MW plant in the Eastern Cape province, South Africa has been in operation since 2014 and has a 20-year Power Purchase Agreement (PPA) with Eskom. The company earned its first investment income from this asset in early 2017, which enabled it to declare and pay its maiden dividend distribution of 63.5 cents per share in the same year.
Since its founding, Mahube has invested in four more infrastructure assets in the renewable energy sector in South Africa – one wind farm and three solar PV farms – and, together, all the energy assets were licensed by South Africa’s Department of Energy in the first round of bids of the Renewable Energy Independent Power Producer Procurement Programme.
In October 2020, Gaia Infrastructure Capital Limited changed its name to incorporate Mahube, a SeTswana word commonly derived from the phrase ‘Mahube a naka tsa kgomo’, which refers to the dawn of a new day. This moment in history encapsulated our renewed focus towards maximising shareholder value from various emerging infrastructure investment opportunities.
All our investments are rooted in the premise that the economic sustainability of commercial enterprises relies on the extent to which they contribute to the betterment of the communities in which they are located. Mahube is thus involved in a variety of community development initiatives that prioritise building socio-economic foundations through education, providing economic stimulus through skills development and entrepreneurial support, and preserving the legacies of communities through elderly and community welfare activities.