{"id":43064,"date":"2024-02-03T17:12:41","date_gmt":"2024-02-03T17:12:41","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=43064"},"modified":"2024-02-03T15:40:38","modified_gmt":"2024-02-03T15:40:38","slug":"e300-million-for-greystone-partners-regional-expansion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion","title":{"rendered":"E300 MILLION FOR GREYSTONE PARTNERS\u2019 REGIONAL EXPANSION"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>Greystone Partners in it\u2019s bid to position change and expand it\u2019s reach in the regions will require a capital investment of E300 million.<\/b><\/p>\n

This was highlighted by African Alliance\u2019s Private Equity, Sibahle Magagula at the Greystone annual general meeting held at Royal Villas yesterday. Speaking on behalf of managers, Magagula said Greystone aimed to venture beyond its traditional focus in Eswatini and invest in high-growth opportunities in neighbouring countries.<\/p>\n

\u201cAs you know, Eswatini has a small population, in order to reach the heights we want to reach, we will need to grow regionally and tap into our neighbouring economies,\u201d she said.<\/p>\n

She said this regional expansion would allow the company to spread risk and tap into diverse markets with distinct economic strengths.<\/p>\n

\u201cWe will achieve this by investing in attractive and sustainable industries with scalable business models and strong management structure, not just in Eswatini but regionally,\u201d she said.<\/p>\n

Magagula added, saying the company was looking to grow vertically and horizontally, taking advantage of the different value chains it is exposed to.<\/p>\n

\u201cWe also aim to acquire more fast moving goods,\u201d she noted.<\/p>\n

Magagula highlighted that the company was looking to continue investing in financial services in a bid to grow the company\u2019s property portfolio.<\/p>\n

Furthermore, Magagula revealed that Greystone planned to divest its agricultural portfolio through an \u2018asset for shareholding swap\u2019.<\/p>\n

She said this strategic move implied that the company was exchanging its agricultural assets for shares in Inala Capital.<\/p>\n

Magagula underscored that this swap would allow Greystone to exit an area deemed less promising for their goals while gaining access to potentially-more lucrative opportunities.<\/p>\n

While presenting Greystone Partners’ 2022 financial results, Magagula acknowledged a slight delay in unveiling the final figures, which she explained, stemmed from holdups experienced by their portfolio companies in finalising their own financial reports.<\/p>\n

As an investment firm, she said their financial situation depended heavily on the performance and reporting timelines of the companies they hold shares in.<\/p>\n

\u201cWe have to wait for financials from the companies that Greystone holds shares in,\u201d she said.<\/p>\n

Going beyond the raw numbers mentioned earlier, Magagula delved deeper into Greystone Partners’ financial performance for 2022, acknowledging the unique challenges faced during the year.<\/p>\n

Key obstacles, according to Magagula, was the ongoing recovery from the COVID-19 pandemic, as well as global event’s lingering, such as the Ukraine- Russia conflict which impacted the firm’s ability to accurately value its portfolio companies, resulting in a significant fair value loss of E122 million.<\/p>\n

In the same year, the group brought in E14 million in dividends but only paid out E9.6 million, suggesting that they reinvested a portion of their profits<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. Greystone Partners in it\u2019s bid to position change and expand it\u2019s reach in the regions will require a capital investment of E300 million. This was highlighted by African Alliance\u2019s Private Equity, Sibahle Magagula at the Greystone annual general meeting held at Royal Villas yesterday. Speaking on behalf of managers, Magagula said Greystone […]<\/p>\n","protected":false},"author":84,"featured_media":43063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,242],"tags":[234,248,249],"class_list":["post-43064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nE300 MILLION FOR GREYSTONE PARTNERS\u2019 REGIONAL EXPANSION - Eswatini<\/title>\n<meta name=\"description\" content=\"Greystone Partners in it\u2019s bid to position change and expand it\u2019s reach in the regions will require a capital investm ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E300 MILLION FOR GREYSTONE PARTNERS\u2019 REGIONAL EXPANSION\" \/>\n<meta property=\"og:description\" content=\"Greystone Partners in it\u2019s bid to position change and expand it\u2019s reach in the regions will require a capital investm ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-03T17:12:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/02\/sm_1706962092.909145.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"E300 MILLION FOR GREYSTONE PARTNERS\u2019 REGIONAL EXPANSION\",\"datePublished\":\"2024-02-03T17:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/02\/sm_1706962092.909145.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e300-million-for-greystone-partners-regional-expansion\",\"name\":\"E300 MILLION FOR GREYSTONE PARTNERS\u2019 REGIONAL EXPANSION - 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