Invest in South Africa’s Premier Body Corporate Lender
R100 million Redeemable Preference Shares | 5–7 Year Term | Cumulative Semi-Annual Dividends
Why BCFS?
Since 2001, BCFS has facilitated over R 2 billion in loans to sectional-title bodies corporate and homeowners’ associations, achieving double-digit growth every year for the past decade.
Now, for the first time, you can join this success story by investing in tokenised preference shares on via Mesh.trade.
Your Investment at a Glance
Asset:
R 100 million Redeemable, Non-Participating Preference Shares
Class Launch Date:
TBC
Investment Term
5-7 years
years (callable after Year 4)
Dividend:
Prime + X%¹,
paid semi-annually, cumulative²
Risk Rating:
TBC
Ranking:
Senior to ordinary equity, junior to senior debt³
Use of Proceeds:
New loan origination for capital projects and levy funding.
Co-investment into ring-fenced SPVs (aligning with senior lenders).
¹ Indicative dividend rate: Prime + X% (to be confirmed)
² All unpaid dividends accumulate and are payable on redemption or exit
³ Ranks senior to BCFS ordinary equity, junior to senior debt instruments
Proven Track Record and Rock-Solid Security
R 2 billion+ Disbursed
Over 24 years of lending excellence.
Consistent Credit Performance
Loan recoveries have been strong, supported by statutory security frameworks, legal enforceability, and (where applicable) trade credit insurance.
Institutional Validation
JSE-listed
note (2021)
Private and bank-
funded notes (’23–’24)
Legislative Protections
Statutory levy hypothecation, proportional liability and transfer embargoes underpin every loan.
Robust Governance and Transparency
Structured Oversight
BCFS is governed by a board comprising representatives with experience in finance, risk, and community scheme lending.
Independent Cash Administration
All collections and disbursements are processed via a ringfenced Collections Account administered by Gael Fund Services (Pty) Ltd, an independent third-party custodian.
Institutional Reporting Standards
Funders receive regular reporting on portfolio performance and covenant compliance, with annual audited financial statements prepared by independent auditors.
Industry-Leading Credit and Recovery Framework
Statutory Recovery Rights
Levy funding and term loans are supported by community scheme legislation, including a first-ranking statutory hypothec, effective personal liability of sectional title owners, and levy clearance embargoes that restrict property transfers until levies are settled.
Insurance-Backed Recoverability
Levy funding is further supported by a trade credit insurance policy, which protects against non-collection after a defined period.
Pristine Track Record
Over R2 billion funded across more than two decades, with strong recovery outcomes and credit performance across both term and levy funding portfolios.
Prudent Risk Controls and Diversification
Balanced Portfolio
Mix of predictable term-loan financings and higher-yield levy financing.
Geographic Spread
Hundreds of schemes across Gauteng, Western Cape, KZN and Eastern Cape.
Credit Oversight
Every loan is reviewed by BCFS’s Credit Committee, with a focus on affordability, legal security and enforceability, and scheme financials.
Seasoned Leadership and Strategic Vision
200+ Years Combined Expertise
Leadership team with deep experience in credit, real estate, and structured finance, having managed multi-billion rand portfolios through various market cycles.
Data Driven Decisions
Proprietary platform for credit-scoring, digital workflows and covenant monitoring.
Institutional Partnerships
Longstanding relationships with listed debt managers, private equity firms, and tier-one banks.
Market Tailwinds and Growth Trajectory
Underserved Market
Over 100 000 sectional-title schemes in SA, yet only a small portion have access to tailored, fit-for-purpose funding solutions.
Scalable Opportunity
Targeting a 2.5× increase in loan book – from R 2 billion to R 5 billion by 2030 driven by rising demand and institutional capital.
Inflation-Linked Returns
Floating-rate dividend adjusts with Prime, preserving real returns.
Alignment and Liquidity Flexibility
Shared Incentives
Management holds equity alongside preference-share investors and participates in profit-sharing.
Call Option
Early redemption available after Year 4 if BCFS refinances at more attractive rates.
By combining legislative enforcement, insurance protection, institutional validation and a proven management team, BCFS offers professional investors a uniquely secure, inflation-protected return in South Africa’s booming community-scheme finance sector.
Asset FAQ's
What is the AnBro Titans AMC?
The Titans AMC is AnBro Capital Investments’ flagship large-cap equity strategy. It focuses on the biggest and most dominant companies within each of the 11 sectors of the S&P 500. These are businesses that have demonstrated long-term success, global reach, and a proven ability to weather diverse market conditions.
What makes a company a "Titan"?
A Titan is a company that:
- Leads its industry by market capitalisation, resilience, and performance.
- Operates across multiple geographies and is globally relevant.
- Has demonstrated sustained success through various economic cycles.
- Offers deep liquidity, allowing for smoother trading and reduced volatility.
Examples of such companies include Apple Inc., with a market cap of over USD 3 trillion, and Take-Two Interactive, one of the smallest by weight in the portfolio but still highly liquid.
How is the Titans AMC constructed?
The portfolio is:
- Equally weighted across the top company in each of the 11 S&P 500 sectors.
- Selected using proprietary screening tools designed by AnBro Capital Investments.
Built to be diversified, reducing risk from overconcentration in any one sector or stock.
How has the Titans AMC performed historically?
While past performance is not indicative of future results, the Titans strategy has a strong historical track record. It has:
- Outperformed during various downturns (2016, 2018, 2020, 2022).
- Maintained lower volatility than the S&P 500 over the past decade.
- Shown better Sharpe and Sortino ratios than the S&P 500.
What are the key benefits of investing in the AnBro Titans AMC?
- Diversification: No single sector or stock dominates the portfolio.
- Global Exposure: Many companies operate in both developed and emerging markets.
- Liquidity: All constituents are highly liquid, enabling efficient entry and exit.
- Blue Chip Quality: Composed of established, well-managed global leaders.
- Cornerstone Potential: Ideal as a foundational portfolio component or as part of a broader investment strategy.
Who manages the Titans AMC portfolio?
The Titans AMC is managed by a seasoned team at Anbro Capital Investments, led by Craig Antonie (Chief Investment Officer), alongside Justiné Brophy (Chief Executive Officer) and Lloyd Priestman (Director & Portfolio Manager). Together, they bring decades of financial market experience, both locally and internationally.
What awards has AnBro Capital Investments won for its investment offerings?
AnBro Capital Investments is a proud recipient of:
- SALTA Award (2022): Total Return Performance – 3 years
- SALTA Award: Foreign Equity Trading Efficiency
These accolades speak to the firm’s ability to design and manage high-performing investment products.
Unlock Returns with the BCFS Pref Share