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Portrait of Bridgett Majola

Bridgett Majola

Partner
Banking & Finance

Languages Zulu, English

Bridgett Majola is a Banking & Finance lawyer in Johannesburg. She is the chairperson of the Future Leaders Network, under the auspices of the International Project Finance Association.

Bridgett focuses her practice on various forms of debt finance, including project finance and leveraged loan facilities. She has experience in drafting facility agreements, security documents and other finance documents for various debt finance structures and has counselled project sponsors and finance parties on energy and infrastructure projects, particularly renewable energy projects focussing on solar, CSP, wind energy, biomass plants under the South African Renewable Energy IPP Procurement Programme.

Bridgett has been recognised by Legal500 as a Rising Star in Banking & Finance, South Africa, 2020.  In 2019, she was shortlisted in the African Legal Awards, Private Practice Rising Star Award.  Before that, she was recognised as a Next Generation Lawyer for Banking & Finance, South Africa by Legal500 from 2017 - 2019. 

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Bridgett is very professional, with a pleasant demeanour, which makes her a great asset to the team.

Head: Credit Restructuring & Advisory of a leading commercial bank in South Africa

Bridgett is able to clearly articulate legal matters and communicate well with all stakeholders. She is hardworking and always willing to extend herself to go the extra mile. She has a keen eye for detail and drafting of documents of a high standard

Head: Credit Restructuring & Advisory of a leading commercial bank in South Africa

Relevant experience

Project Finance

  • Development Bank of Southern Africa - on a term loan facility for KTVR Bus Service Proprietary Limited to finance its bus fleet as part of the roll-out of phase one of the "Harambee" bus rapid transit network in Ekurhuleni, South Africa.
  • Lender's counsel to Nedbank Limited and ABSA Bank Limited - on the development of the Ngodwana Energy biomass project in the Mpumalanga province of South Africa as part of Round 3.5 of the South African Renewable Energy IPP Procurement Programme.
  • Nedbank Limited, The Standard Bank of South Africa Limited, Absa Bank Limited, Investec Limited, the Industrial Development Corporation Limited, the Development Bank of Southern Africa Limited, the Public Investment Corporation SOC Limited (acting on behalf of the Government Employees Pension Fund) and the Vantage GreenX Fund Proprietary Limited (as lenders) - in respect of the project financing of the 100MW Ilangalethu concentrated solar power project in the Northern Cape (Upington), under Round 3 of the South African Government's Renewable Energy Independent Power Producers Procurement (REIPPP) Programme. The project was awarded the Africa Solar Energy Deal of the Year by Project Finance International at the time.
  • Nedbank Limited - in respect of the Zeerust solar photovoltaic project and the Drooogfontein II solar PV projects which have been awarded preferred bidder status in the fourth bidding phase of the REIPPP Programme prior to Old Mutual Life Assurance Company (SA) Limited was the lead equity member.

General Banking & Finance

  • FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Standard Bank of South Africa - on its funding in Tiso Blackstar Group (publisher of the Business Day, the Sunday Times, Sowetan and other titles), pursuant to the company's rearrangement of its various debt facilities which saw the disposal of the Company's radio assets to the Lebashe Investment Group. The Lebashe Investment Group is set to be one the key players in the digital and content sectors in South Africa, Ghana, Nigeria and Kenya with its acquisition of Tiso Blackstar in these jurisdictions.
  • The Development Bank of Southern Africa - on Post-Commencement Finance Term Credit Facility loan to South African Airways (SAA), to assist SAA with its current business rescue proceedings. 
  • A group of lenders including International Finance Corporation, Absa Bank Limited and Rand Merchant Bank (acting through its Corporate and Investment Banking division) - on a notes issuance and financing for Petra Diamonds, the Southern African diamond mining group.
  • African Export-Import Bank - in respect of its financing to Mota-Engil Engenharia E Construcao Africa S.A. 

Trade & Commodities Finance

  • Rabobank - on an agricultural commodities borrowing base facility for RCMA Commodities South Africa.
  • An international bank - in connection with a structured trade finance facility.

Regulatory Advice

  • JP Morgan Chase - on all aspects of compliance in respect of regulation of branch offices of South African banks.
  • Accenture - in respect of regulatory requirements pertaining to financial planning and analysis, outsourcing services, procure to pay finance and accounting services.

Pro Bono work

  • The team on the finance aspect in respect of the Terrawatt Initiative and the International Renewable Energy Agency to accelerate the deployment of solar power worldwide.  The role is to develop a set of standard guidelines and documents that can be used by governments, developers and lenders to roll out solar power projects around the world.
  • Volunteer for Senior Rights Service, a specialist community legal centre for older people in New South Wales

Renewable experience 

  • Lenders’ counsel in the project financing of a 5MW Solar Farm – the Swartland Project, a Round 1 Project under REIPP
  • Borrower’s counsel in the project financing of a 75MW Solar Farm – Solar Capital De Aar 1 Project , a Round 1 Project under REIPP
  • Lenders’ counsel in the project financing of a 80MW Wind Farm – the Red Cap Project . The Red Cap Project reached financial close in November 2012
  • Borrower’s Counsel in the financing of a 75MW Solar Farm – Solar Capital De Aar 2 Project which reached Financial Close in April 2015

 

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Memberships & Roles

  • Member of the Legal Practice Council, South Africa.
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Education

  • 2018 - Australian Energy Market Operator industry course regarding the National Electricity Market Overview.
  • 2013 - Admitted as a notary public in the High Court of South Africa.
  • 2012 - University of Witwatersrand (Certificate in Competition Law).
  • 2009 - Admitted as an attorney in South Africa.
  • 2006 - University of KwaZulu-Natal (LLB). 
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07/10/2019
CMS ex­pands in Africa
Frank­furt, 7 Oc­to­ber 2019. CMS an­nounces that RM Part­ners and Daly & In­am­dar Ad­voc­ates, based in South Africa and Kenya re­spect­ively, have today joined the lead­ing glob­al law firm. Go­ing for­ward, they...
18/12/2020
CMS Ex­pert Guide to re­new­able en­ergy law and reg­u­la­tion
Down­load our ded­ic­ated "Re­new­ables guide" pdf by click­ing on the link be­lowRe­new­ables guideIn­tro­duc­tionThis guide in­cludes con­tri­bu­tions from some of the most act­ive law­yers in the re­new­ables sec­tor across the globe. 2020 has been a year of un­pre­cede
25/07/2019
CMS In­fra­struc­ture & Pro­jects Glob­al Bro­chure
To meet do­mest­ic and glob­al growth ex­pect­a­tions a huge amount of in­fra­struc­ture will need to be built, re­built, re­fur­bished or ret­ro­fit­ted. The scale and in­vest­ment re­quired to plug this in­fra­struc­ture...

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05/07/2021
Fin­an­cing sus­tain­able de­vel­op­ment: an Afric­an per­spect­ive
In­tro­duc­tion Sus­tain­able fin­ance is a hot top­ic for in­vestors, banks and cor­por­ates around the world. It is an um­brella term for vari­ous fin­an­cial in­stru­ments, in­clud­ing green bonds and loans, so­cial...
02/07/2021
More than a flick of a switch, but soon SA will be char­ging ahead
By leg­al ex­perts from CM­S­It will take more than an an­nounce­ment and a flick of a switch for South Africa’s en­ergy woes to be re­solved. But once pro­jects get go­ing un­der the new reg­u­la­tions, the coun­try’s...
08/06/2021
Out­look of en­ergy trans­ition in SA shows prom­ise
In the past dec­ade, South Africa has faced sig­ni­fic­ant chal­lenges in elec­tri­city gen­er­a­tion as a res­ult of an er­rat­ic and un­stable power sup­ply that has driv­en the coun­try’s heavy re­li­ance on fossil...
01/06/2021
En­ergy trans­ition in South Africa
Brid­gett Ma­jola, Dir­ect­or - Bank­ing and Fin­ance at CMS South Africa, ana­lyses the out­look in that coun­try
19/04/2021
Green­ing the Fu­ture
In 1998, the Mail & Guard­i­an launched this sup­ple­ment, Green­ing the Fu­ture. This was near the end of a big dec­ade for sus­tain­ab­il­ity, with the Rio Earth Sum­mit in 1992 and the Kyoto Pro­tocol on cli­mate...
09/04/2021
Green Bonds of the DBSA sub­scribed by Agence Française de Dévelop­pe­ment
Green Bonds of the De­vel­op­ment Bank of South­ern Africa sub­scribed by Agence Française de Dévelop­pe­ment: CMS, ad­visors to the sub­scriber The De­vel­op­ment Bank of South­ern Africa (DBSA), a South Afric­an...
07/07/2020
Lans­mar­ter­ia
Lans­mar­ter­ia Is South Africa about to em­bark on the cre­ation of a smart city that's go­ing to change the way cit­izens live & thrive?Ac­cord­ing to Gav­in No­eth, "the Lanser­ia Air­port City is one of 19 'Mega...