Details of funding sources, revenues and returns*15
| Sources of capital expenditure | ||
| April 2007 Maloti (million)† | % | |
| Government grant (excluding VAT) | 400 | 34.3 |
| Commercial debt—drawdowns | 589.83 | 50.6 |
| Commercial debt—capitalised interest | 70.62 | 6.1 |
| Junior debt—DBSA and Netcare | 93.68 | 8 |
| Shareholders’ contribution | ||
| Equity—local firms | 6.25 | 0.5 |
| Equity—Netcare | 4.16 | 0.4 |
| Total private finance | 765 | 65.7 |
| Total | 1165 | 100 |
| Private sector revenues and returns | % | |
| The unitary fee | 255.55 | |
| Equity IRR (after advance company tax) | 25.2 | |
| Interest rate on ‘junior’ debt | 13.1 | |
| Interest rate on senior debt | 11.62 | |
*Errors due to rounding.
†1 Maloti=US$0.12 (2018).
DBSA, Development Bank of Southern Africa; IRR, internal rate of return.