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Decisiveness Intuition Business Acumen

Newcapital is a specialist corporate finance and advisory firm dedicated to helping businesses, investors, and legal professionals make confident decisions in complex situations.

Business and equity valuations
We perform business and equity valuations for investors, sellers, asset managers, private equity funds, for shareholder exits, mergers, divorce cases, estate duty and others
JSE sell-side analyst reports
The key components of sell-side reports include company overview, financial analysis, valuation models, investment thesis, performance against benchmarks and market trends
Investment merit evaluation and due diligence
We have vast experience in financial due diligence and investment merit evaluation for equity and debt transactions
Protect value, unlock opportunities, and provide clarity
10
Delivering
Value and strategic insight
At Newcapital, our mission is to protect value, unlock opportunities, and provide clarity where it matters most.
If you are considering an investment, restructuring a business, need a valuation (independent or someone in your corner), or dispute resolution expert, contact us today.
Other Services

Expert witness

We support legal practitioners in matters involving valuation and financial quantification of damages. We also support dissenting shareholders or the defendants in appraisal rights matters and cases (S164 of the Companies’ Act). We act as independent or partial valuation expert in divorce cases.

Shareholder dispute resolution

We have acted as arbitrator and mediator in shareholder disputes involving valuation and interpretation of related agreements and memorandums of incorporation.

Business disposal and shareholder exit planning

We collaborate with business brokers at business disposal and assist shareholders with exit and succession planning minimizing taxes and estate duty.

Capital raising

We act on behalf of capital seekers as well as investors and financial institutions and understand the needs and dynamics of each participant.

Business turnaround

A business turnaround is the process of reviving a financially struggling company to achieve profitability and sustainability, involving a diagnosis of root causes, the creation and implementation of a strategy to fix problems, and the monitoring of performance for a return to stability. 

BEE ownership solutions

We collaborate with BEE consultants, companies seeking black investors and black investment firms for effective and sustainable solutions.

Executive placements

In collaboration with a leading executive placements firm, we assist private equity funds, investment management firms, banks, financial institutions, corporate finance advisory firms and other corporates in finding executive level, senior and junior, financial, investment and corporate finance staff. Any enquiries and CVs can be sent to: placements@newcapital.co.za

Service
delivery process
1
Understand the
client’s requirements
and obtain preliminary information to scope the work and determine the fees.
2
Enter into an
agreement
with the client defining the scope of work, fees, timing and duration and terms and conditions.
3
Analysis and reporting
Source documents such as annual financial statements, management accounts etc. analyse the information, produce a report.
Years of Experience
35
We provide

Financial Solutions and Advice that Unlock Value

Whether you require an independent view or need us in your corner, we will tailor our approach to meet your needs. Whether we are familiar with your industry, it’s a unique business challenge or new terrain for us, the outcome will be the same, problem solved and a satisfied client.
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IN THE MEDIA

Clear Filters
Pan African Resources Buy, Hold, or Sell?
Pan African Resources Buy, Hold, or Sell?
22 September, 2025 in In the Media
Pan African Resources Buy, Hold, or Sell (Update)
Pan African Resources Buy, Hold, or Sell (Update)
22 September, 2025 in In the Media
Sasol Buy, hold, or sell?
Sasol Buy, hold, or sell?
22 September, 2025 in In the Media

JSE LISTED COMPANY ANALYST REPORTS

Clear Filters
SSS Change in analyst and valuation
SSS Change in analyst and valuation
18 September, 2025 in PDF
SSS Stor-Age Property REIT FY25 Results Note
SSS Stor-Age Property REIT FY25 Results Note
18 September, 2025 in PDF
Experienced
professional team
Our professionals’ experience includes accounting and auditing, due diligence and investment merit evaluation, valuation, JSE equities research and portfolio investment, debt, private equity, turnarounds, expert witness, alternative dispute resolution, business disposal, mergers & acquisitions, distressed debt workout, negotiation and many more.
community investment holdings
stor-age
pick law
Corporate Finance Expert
Harry van der Merwe CA(SA)
Corporate finance expert

Harry van der Merwe CA (SA)

Harry van der Merwe is a highly experienced professional specializing in business investment and lending evaluations, expert equity valuations, M&A and B-BBEE deal-making, shareholder exits and planning, shareholder dispute resolution, and strategic decisions for financially distressed businesses.

With 35 years of industry experience — including 22 years as director of Newcapital — Harry has most recently served as interim CIO/COO of CI Holdings, a Black Investment Firm. In this role, Harry managed transactions up to R1 billion and successfully turned around a financially distressed investment.

Renowned for in-depth expertise in S164 (Appraisal Rights) valuations as an expert witness, Harry also provides critical equity valuations for estate duty, divorce cases, shareholder exits, and more.

Harry compiles sell-side research reports of JSE Listed companies on behalf of Blue Gem Research, managed by Keith McLachlan, CEO of Element Investment Managers & Founder of Blue Gem Research.

Qualifications: B Com Hons (Accounting, Rand Afrikaans University) CA(SA), MDP B-BBEE (Unisa), Certificate in Advanced Alternative Dispute Resolution and International Arbitration (AFSA and University of Pretoria)

harry@newcapital.co.za
‪+27 83 200 8342‬
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Investment Expert

Charl Botha, CFA

Charl Botha is an experienced investment professional with a background in equity portfolio management, investment analysis, and mentoring future leaders. He has managed private client portfolios, contributed research and commentary to leading financial media, and published articles on Moneyweb.

At Newcapital, Charl applies his analytical expertise and strategic insight to support clients in valuations, investment decisions, and corporate finance advisory. In addition, he focuses on leadership and talent development, mentoring middle and senior management, curating insights to support decision-makers, and assisting with placements and career transitions.

Charl is also active in business development, building client relationships and expanding Newcapital’s reach.

Degrees: MA (Philosophy, cum laude), BCom Hons (Strategy & Innovation), BCom (Economics: Investment Management), CFA Charterholder

charl@newcapital.co.za
‪+27 71 223 9804‬
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Charl Botha, CFA
Investment and listed equities expert
21 (Demo)
50+
valuations
15+
years’ listed equities research and portfolio investment
50+
financial due diligences
What they Say...
Keith McLachlan,
CEO of Element Investment Managers & Founder of Blue Gem Research

“Harry has a great command of accounting and finance, particularly in how it translates into an expression of valuation. He is open to feedback while he backs and articulates his own opinion, exactly what one wants from an experienced, professional in the industry.”

Adam Pike

“..Harry demonstrated a full command of all applicable appraisal valuation methodologies and his work was consistent with professional standards governing independent valuation experts and suitable for reliance in statutory appraisal and related proceedings.”

Paul Fick
CEO Jasco

“ .. What impressed me most was Harry’s ability to cut through complexity and get to the heart of the real issues. He saw through posturing, accurately assessed the strengths and weaknesses of the management team, and translated his insights into a concrete action plan”

Peter Sahd
Metcalfe Sahd Chartered Accountants

“.. The requirements of what was wanted were beyond our expertise. Harry was the consummate professional. He is extremely competent as a valuer.”

Koos de la Rey
Founder and past director of Oasis Water Group

“ .. I endorse Harry’s character and business acumen and can recommend him as a specialist in his field of Corporate Finance”

Danie du Toit
Shareholder and director of Digicentral Group

“ .. Harry’s work on Digicentral’s negotiations with education content providers, which led to successfully executed agreements for Digicampus, is a perfect example of his meticulous planning and negotiation skills. I was also very satisfied with the outcome and speed of the BDCE shareholder dispute mediation he conducted”

Andrew Williamson
CEO and shareholder, ACMC Automotive

“.. What sets Harry apart is not only his competence but certainly his reliability and dedication as well as his sound judgement and decision making.”

Johan Buys
CEO and shareholder, Oasis Water Group

“ .. I believe Harry is the best buy-side analyst in South Africa”

Pete da Silva
Advisor and board member to CIH Group

“.. Right off the bat, Harry came across as an expert in the business evaluation, investment and lending arena, with the ability to quickly get to the core of the problem or opportunity. He was comfortable and took leadership in varied projects, from due diligence on large acquisition opportunities to the restructure, right sizing or even closure of other businesses… Harry’s high energy, willingness to engage at all levels and strong business acumen are characteristics that I appreciated and respected.”

Samuel van Tonder
Senior portfolio manager, Sasfin Wealth

“Charl is one of the most well-read people I know. He has great character, passion for, and competence in equity investment. He is also a superb mentor to the younger generation and executives alike.”

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Pretoria
Cape Town
Email:
Phone:
+27 83 200 8342
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