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One Thousand & One Voices Announces Investment in

South African Agribusiness Sector


JOHANNESBURG--(BUSINESS WIRE)--One Thousand One Voices(TM) (1K1V), a private family
capital fund focused
on Sub-Saharan Africa, today announced an investment by its One Thousand
One Voices Africa Fund I, L.P. in the South African agribusiness
sector. The investee company is RedSun Dried Fruit Nuts (Pty) Limited,
a privately-owned processor and distributor of high-quality raisins in
the Northern Cape Province of South Africa.
The investment is One Thousand One Voices' first in the agribusiness
processing and distribution sector. It will help RedSun to expand its
reach and market share in the rapidly growing dried fruit and nut
market, which continues to grow as global food demand increases. While
prices for raisins have remained relatively stable, average global
consumption of raisins has increased by 17% from 2008 to 2013. Given
that South Africa is a low cost producer of high quality raisins, global
demand for South African raisins continues to increase as worldwide
consumption increases. Sub-Saharan Africa's large amount of
underutilized arable land, coupled with increased demand for
agricultural products worldwide, positions agribusiness to be a key
driver of the region's economic development. As a consequence of the
Fund's investment, RedSun expects to double its current workforce over
the next year, as well as create a significant number of indirect jobs.
One Thousand One Voices commenced operations in 2014 after being
announced at the World Economic Forum on Africa in the prior year. The
fund is designed to offer a new investment model that enhances

traditional private equity with the Three-Dimensional Capital(TM) - the


Relational Capital, Intellectual Capital and Patient Financial Capital of leading families who offer investee companies access to their
business relationships in their respective industries and geographies,
as well as their business insights and expertise. With its investor base
comprised of influential families spanning multiple industries, One
Thousand One Voices intends to deploy $300 million across Sub-Saharan
Africa.
RedSun, whose products include varieties of golden, Thompson and sultana
raisins produced along the banks of the Orange River, has a strong
history of growth. Since inception, the company has become one of the
four largest processors in South Africa, producing up to 7,225 tons
annually, of which over 95% have been sold to the export markets in
Europe, North America, South America and the Far East. RedSun is located
in Keimoes, 40 kilometers southwest of Upington on the Orange River. The
area - covered by rich, fertile soils and with ideal climatic conditions
-- has a long history of raisin production and is where the
long-established tradition of producing raisins in South Africa was
started.
"Inherent in our new private investment model is a highly discerning
investment approach that targets top returns and job creation through
the deployment of Three-Dimensional Capital(TM)," said Hendrik Jordaan,
President and Chief Executive Officer of One Thousand One Voices.
"After an extensive evaluation of a significant number of investee
companies, we chose to invest in RedSun because it is a leading company
in one of Sub-Saharan Africa's fastest-growing and most important

sectors and is very well positioned to benefit from our


Three-Dimensional Capital(TM) model."
"RedSun has an exceptional reputation for processing quality products,
which has enabled our track record of success in our home market," said Peter
Kuilman, CEO of RedSun, who has been in the export raisin processing
industry and dried fruit and nut industry for more than 17 years. "This
investment offers a valuable opportunity for us to actively collaborate
with One Thousand One Voices' highly skilled private family capital
team on the ground in South Africa and leverage the unique Intellectual
and Relational Capital of some of the world's leading families to
continue igniting our growth in domestic and international markets."
About One Thousand One Voices(TM)
One Thousand One Voices(TM) is a private family capital fund investing in
Sub-Saharan Africa. The fund is designed to take the best of what
private equity investment has to offer and enhance it with the
Three-Dimensional Capital(TM) of influential families to target higher
returns, lower risk and greater job creation. For more information,
please visit www.1K1V.com.
About RedSun
RedSun Dried Fruit Nuts (Pty) Limited is a privately owned processor
of high-quality raisins produced along the banks of the Orange River in
the Northern Cape of the Republic of South Africa. Since inception,
RedSun has grown rapidly, processing up to 7,225 tons of high-quality
raisins annually, of which over 95% have been sold to the export markets
in Europe, North America, South America and the Far East. For more
information, please visit www.redsun.co.za/.

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