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Karabo Kanapi

Associate

CMS RM Partners
82 Maude Street
3rd Floor
Sandton
2196 Sandton
Johannesburg
South Africa
Languages English, Sesotho

Karabo is an Associate in the Banking and Finance team at CMS South Africa.

She is a LLB and Advanced Commercial Law graduate from the University of the Free State. Her experience includes leveraged and asset finance, general corporate finance, structured finance, fund financing and project finance. 

Karabo also has cross-border experience ranging across Africa, Asia and Europe. Karabo has acted for a number of local and international banks, DFIs, funds and corporate borrowers in complex transactions, across various industries. 
 

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Relevant experience

General Banking and Finance experience
  • Absa Bank Limited and HSBC Bank plc - acted as lenders' counsel to Absa Bank and HSBC Bank on their advancement of a joint ZAR 5.9 billion facility to Air Liquide Large Industries South Africa Proprietary Limited for the refinancing of the oxygen and associated gases production business acquired from SASOL South Africa Limited. 
  • Absa Bank Limited - acted as lender's counsel to Absa Bank in advancing a ZAR 1 billion facility to a large African based telecommunications company.
  • Absa Bank Limited - acted as lender's counsel to Absa Bank in relation to a ZAR 300 million term loan for the acquisition of taxis.
  • Development Bank of Southern Africa - acted as lender's counsel in relation to a senior debt facility of ZAR 38 million towards the implementation of the Hull Street Social Housing Development Project (‘Project’) in the Northern Cape. The Project aims to develop, finance, lease and maintain 372 housing units for qualified beneficiaries.
  • DEG - Deutsche Investitions und Entwiclungsgesellschaft mbh acted as South African lenders counsel to DEG on its ZAR400,000,000 term facility to Access Bank South Africa Limited.
  • Industrial Development Corporation of South Africa Limited - acted as lender's counsel in relation to the provision of various facilities, in aggregate, in the amount of R96 million to Artsolar. This was for purposes of the expansion and upgrading by Artsolar of its solar facilities photovoltaic panel production facility in order to supply sponsors and developers under the Renewable Energy Independent Power Producer Programme.
  • Tamela Mezzanine Debt Fund I Partnership - acted as mezz lender's counsel in the ZAR 75 million to a growing micro-lender to grow its advances book to its end-users.
Trade & Commodities Finance
  • Absa Bank Limited - on a structured trade facility made available to an international agricultural commodities trader in Singapore, Robust International, to be utilised across various African countries.
  • Absa Bank Limited - on a structured trade facility made available to an international physical commodities trader in Switzerland, Telf AG, to be utilised across various African countries. 
  • Absa Bank Limited - on a structured trade facility made available to one of the largest collectors of raw milk in South Africa, Dairy Farmers South Africa.
  • Absa Bank Limited - on a structured trade facility made available to one of a scrap ferrous and non-ferrous and minerals trader in South Africa, Zulu Metals Proprietary Limited.
Project Finance
  • Development Bank of Southern Africa - as equity lender on the first of its kind two 100MV solar PV projects with Tronox Mineral Sands Proprietary Limited as the sole offtaker.
  • Nedbank Limited - as senior lender to Talbot Integrated Services Proprietary Limited on the construction of a water recovery plant.
Restructuring and Insolvency
  • German airline - in relation to its application in the Mango Airlines SOC Limited business recue proceedings.
  • A majority shareholder - on the business rescue proceedings of a listed agriculture and agri-processing company.
  • A major bank - on the strength of its security position and ranking after it advanced a USD 20 million revolving facility to a significant trader in chrome ore.
  • A major bank - on the restructuring of its debt and equity exposure to one of the largest property investment and development companies in South Africa.
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Education

  • 2018 - Advanced Commercial Law Certificate, University of the Free State, South Africa.
  • 2017 - LLB, University of the Free State, South Africa. 
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20/03/2024
The precarious position of the voting rights of post commencement creditors
The rescue of a company in business rescue ultimately depends on the implementation of a viable business rescue plan which has received the support of 75% of the creditors of the company. A recent business...
20/03/2024
The precarious position of the voting rights of post commencement creditors
The rescue of a company in business rescue ultimately depends on the implementation of a viable business rescue plan which has received the support of 75% of the creditors of the company. A recent business...
14/09/2022
SOLA, African Rainbow Energy reach financial close on two 100MW solar projects
CMS South Africa is proud to have helped bring two 100MW Solar PV projects, with Tronox Mineral Sands as the sole offtaker, to a financial close – the first of their kind.  Since announcing the significant...
15/06/2021
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The youth unemployment rate in South Africa increased to 63.30 percent in the first quarter of 2021 from 46.3% percent in the fourth quarter of 2020. This is according to Stats SA, which announced this...