Mashudu Mphafudi

Mashudu joined Hofmeyr (now Cliffe Dekker Hofmeyr) as a Candidate Attorney in 2001. He was appointed as an Associate in 2003 and promoted to Senior Associate in 2006. Mashudu became a Director 2007.

• Advised the NDB in relation to a R7 billion debt facility made available to the South African National Roads Agency (SANRAL) and the Government Guarantee issued by the National Treasury on behalf of SANRAL. The facility will support road projects in South Africa, in particular the key economic corridors along the N2/N3 in the KwaZulu-Natal and N1 major roads in South Africa.

• Advised Standard Chartered Bank on its amended and restated revolving credit facility to a borrower incorporated in Botswana , with a deal value of R1.7 billion.

• Advised Rand Merchant Bank in relation to the debt facility extended to a borrower incorporated in the Netherlands with a deal value of EUR5 321, 000.

• Advised Standard Chartered Bank on its amended and restated revolving credit facility to a borrower incorporated in Botswana, with a deal value of R1.7 billion.

• Advised China Development Bank in relation to the restructure of term loan facilities in the aggregate amount of US$4.389 billion granted to Eskom Holdings Limited, the sovereign guarantee as well as the relevant regulatory consents required to finance two power stations and the unbundling of Eskom into three divisions.

• Advised the Public Investment Corporation in relation to the equity investment in Africa Finance Corporation to finance infrastructure and industrial projects across the African continent, with a deal value of R1.7 billion.

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• Advised the Industrial Development Corporation of South Africa Limited in relation to debt facilities in the total aggregate amount of ZAR1.395 billion advanced to Reatile Renewables Group to fund its equity participation in 3 wind projects (i) 144 MW Khangela Emoyeni Wind Project (ii) 219 MW Umsinde Emoyeni Wind Project and (iii) 140 Ishwati Emoyeni Wind Project.

• Advised DRA Group (an engineering consulting form based in Australia) on a multi-currency and working capital facilities for DRA Global (Australia) and DRA Group Holdings (South Africa) on a R1,2 billion rands. The facilities involved ZAR and AUD commitments for the SA and Australian borrowers with an ability to convert commitments from one currency to the other, secured by a comprehensive package of cross-guarantee by 20 obligors in Australia and South Africa.

• Advised Becker Mining Systems and its three South Africa-based subsidiaries in relation to further amendments to its €70 million syndicated loan agreement and relevant security as well as advised on the relevant authorisations and exchange control approvals, with a deal value of R1.2 billion.

• Advised TCTA on a multi-billion rand financing for water infrastructure projects, including debt facilities extended to TCTA by South African Commercial Banks and Development Finance Institutions in the amount of R22 billion to fund sub-phase 2A of Mokolo-Crocodile River (West) Water Augmentation Project.  

  Advised TCTA in relation to debt facilities in the total aggregate amount of over R1.85bn to fund Berg River-Voélvlei Augmentation Scheme (BRVAS Project).

• Advised Doorenhoek Solar PV (RF) Proprietary Limited and its sponsor AMEA Power Limited in relation to a 120 MW Solar Photovoltaic Facility under the round six bid submission phase of the Renewable Energy IPP Procurement Programme. The total debt facilities provided by Standard Bank of South Africa Limited was 8 billion rands.

• Advised Old Mutual Limited on debt facilities extended to a borrower to purchase additional residential properties for a deal value of R500 million.

• Advised Grindrod Bank Limited in relation to a debt facility extended to FEC Prop Proprietary Limited in relation to an acquisition finance transaction.

• Advised Adams Solar PV Project in relation to the debt facility raised from Nedbank Limited for a Solar PV wheeling Project.

• Advised South African based lenders and, in relation to the drafting, negotiate and settled the mine funding package which comprises of debt component and equity component totaling a combined R4.2 billion in respect of the mining project to be undertaken in the Waterberg Region, Limpopo.

• Advised a major healthcare company in relation to the debt restructuring and term loan facility provided by The Standard Bank of South Africa and Futuregrowth Asset Management Proprietary Limited in the aggregate amount of approximately R677 million.

• Advised the Public Investment Corporation SOC Limited in relation to the capital restructure of Afrisam Proprietary Limited, which comprised of debt and equity restructure to the value of R8 billion rands.

• Acted for Development Bank of Southern Africa Limited in respect of its restructured loan facility in relation to the David Livingstone Safari Lodge and Spa (Zambia).

• Advised on transaction wherein the South African Bank of Athens acquired 99.81% of the issued share capital in the South African Bank of Athens by Grocapital Proprietary Limited ("Grocapital"), a subsidiary of Afgri Proprietary Limited. The acquisition comprised a combination of debt provided by Nedbank Limited and equity made available by the shareholders of Grocapital including the Public Investment Corporation and Fairfax (a Canadian private equity fund). The total transaction value was in the region of R1 billion.

• Advised the Development Bank of Southern Africa in respect of a USD300 million loan from the New Development Bank ("Bricks Bank") to the DBSA for purposes of enabling the DBSA to increase the electricity generation from renewable energy sources and to reduce greenhouse gas emissions in South Africa as articulated in the National Development Plan 2030.

• The Legal 500 EMEA 2018, 2021, 2023-2025 recommended Mashudu in Banking and Finance.
• IFLR1000 2024 - 2025 regarded Mashudu as a leading lawyer in Banking, Project Finance, and Capital markets: Debt.
• IFLR1000 2018 recommended Mashudu as a "rising star" for Banking, Project finance and Capital markets: debt. In 2019, 2020 and 2022, he was listed as a highly regarded lawyer for Banking, Project finance and Capital markets: debt