Biography

Sibusiso is a Partner in the Firm's Global Debt Finance practice based in Johannesburg and a recognized market leader in complex financing transactions. He advises on major domestic and cross-border financings, with standout experience in sovereign and state-owned enterprise transactions. His practice spans general lending, international financing structures, trade and commodity finance, export credit-supported financings, project finance, property finance and restructurings across the energy, infrastructure, aviation and financial services sectors.

Experience

Representation of Rand Merchant Bank (RMB), Investec, and the Development Bank of Southern Africa (DBSA) in connection with the financing provided to the Lenders of the Trans-Caledon Tunnel Authority (TCTA) for the Berg River-Voëlvlei Augmentation Scheme (BRVAS), a strategic water infrastructure project aimed at increasing water supply capacity in South Africa's Western Cape province.

Advising Absa Bank Limited (acting through its Corporate and Investment Banking division) in connection with a financing of Teraco Data Environments Proprietary Limited (as the borrower) for the purposes of refinancing existing debt and the addition of further capex, solar and property facilities for the amount of ZA11,441,838,178.83. The facilities are guaranteed by Teraco Properties Proprietary Limited and NAP Africa Exchange Proprietary Limited.

Assisting Mobile Telephone Networks Holdings Limited and Mobile Telephone networks International (Mauritius) Limited (MTNIM) in relation to the financing to be provided to MTNIM by the big four South African Banks. The funding is for general corporate purposes and for the group liquidity requirements.

Representation of RMB and FNB Zambia in relation to the Shariah compliant financing structures for Trade Kings and Big Tree Beverages Limited.

Representation of the sponsors and exporters in relation to the South African export contracts underpinning the ECIC financing of the design, construction, and equipping of a new water treatment plant for the city of Saurimo in Angola.

Representation of the Lenders for Chirundu Border Post upgrade modernisation Project.

Representation in relation to the South African urban and JETP Programme as part of the transaction advisory team for the development and advancement of sustainable energy development initiative in the East London Industrial zone for a 15MW rooftop solar PV and Battery energy storage system.

Representation of Rand Merchant Bank (RMB), Investec, and the Development Bank of Southern Africa (DBSA) in connection with the financing provided to the Lenders of the Trans-Caledon Tunnel Authority (TCTA) for the Berg River-Voëlvlei Augmentation Scheme (BRVAS), a strategic water infrastructure project aimed at increasing water supply capacity in South Africa's Western Cape province.

Representation of Nedbank Limited, Absa Bank Limited, The Standard Bank of South Africa Limited, and FirstRand Bank Limited (Rand Merchant Bank) and other finance parties (including arrangers, bookrunners, lenders, issuing banks and hedge counterparties) on USD400 million multicurrency borrowing base facilities (commodities and trade receivables) for Prax South Africa Proprietary Limited, subsidiary of State Oil Limited (a leading oil refining, storage, distribution and sales conglomerate dealing in crude oil and petroleum products). Prax acquired the South African assets of TotalSA a global integrated energy company, including a stake in an oil refinery in South Africa, and the transaction included a complex optional currencies structure allowing drawdowns (USD and Rand) in loans and credit instruments.

Representation of Turner & Townsend, as transaction advisors to the Gauteng Department of Infrastructure Development, in respect of a public private partnership for the demolition of certain structures, design, construction, refurbishment, finance, operation and maintenance of suitable and sustainable serviced accommodation for the Gauteng Provincial Government.

Representation of Turner & Townsend, Representation of Turner & Townsend, as transaction advisor to the Department of Higher Education and Training, the Department of Higher Education and Training, Development Bank of Southern Africa and National Treasury who established the SHIP to accelerate and expand the development of undergraduate student housing at the 26 public universities and 50 TVET colleges in South Africa.

Representation of Absa Bank Limited, International Finance Corporation, Societe de Promotion et de Participation pour la Cooperation Economique, DEG¬Deutsche Ivestitions - und Entwicklungsgesellschaft GmbH in the financing of the gas pipeline for Central Termica De Ressano Garcia S.A.

Professional Highlights

High Court of South Africa
University of Witwatersrand

Certificate in Banking and Financial Markets

LLB
University of Kwazulu-Natal
English
Zulu

Service areas