Positioning

Although listed on the JSE, the bulk of the operating assets of Tradehold Limited, an investment holding company, is located in the UK. These assets consist primarily of an 85% holding in the property-owning Moorgarth group of companies and an indirect holding, through Reward Investments Limited, of 63% in the two operating Reward LLP’s, Reward Capital and Reward Commercial Finance, which focus on short-term, asset-backed loans to small and medium-sized businesses and on invoice-discounting facilities to similar businesses respectively. By far the largest investment is in Moorgarth which manages a £77,4 million portfolio of retail, commercial and industrial buildings. In March 2014 Tradehold bought the South African financial services business Mettle, which will continue as a separate business within the Group. Considerable synergies exist between Mettle’s operations and those of Reward’s two subsidiaries.

• Mettle

  

• Moorgarth

  

• Reward