January Quarterly Report

It has been an exciting start to the year with many achievements, during this 6-week period, which I wanted to update you.

On the 2nd of February we hosted our annual capital raise event which was attended by hundreds of people including; investors; entrepreneurs and other interested parties. The excitement at the event was palpable as they heard from Lorien Gamaroff talking about the Blockchain and Cryptocurrencies and the impact these are having on SA businesses. During my presentation, I spoke about how Banking and broader Financial Services companies are being disrupted by the many FinTech‘s in SA. We ended the morning session with the CEO of i-PAY and the CFO of The Sun Exchange, our latest investee companies, as well as Luke Warner talking about Intergreatme, a possible investee company.

We continue to grow our pipeline of exponential scaleups with a number of exciting technologies. These include; Traveltech; Insuretech; FinTech; Regtech; as well as technologies including; AI; Analytics; IOT; 2 sided platforms, or double sided marketplaces for solving numerous use cases.

We are also seeing explosive growth in the number of Section 12J companies, confirming this as a viable asset class. As of the latest count, there were 85 registered 12J’s in South Africa and circa R1.8 billion has been raised by these companies.

Kalon has also been in the news recently, after being recognised as one of the 7 Most Active Investors in African startups in 2017, to view the article click here.

As we close in on the 2-week countdown till the financial year end, with the tax window closing on the 28th of February, I wanted to remind you that a re-investment into Kalon allows the investor to deduct 100% of their investment from their taxable income resulting in up to 45% saving of their investment. Our current capital raising window ends on the 28th of February 2018.