Masimong Group has an appetite for expansion, recently having struck deals with Anglo American. But it won’t stop there.
Teke is joined in Seriti by Sandile Zungu, executive chairman of Zungu Investments, and Thebe Investment Corporation and Community Investment Holdings Project. Zungu has been invested in SA mining since 2003 when, as head of African Vanguard Resources, he bought a 26% stake in Harmony Gold’s Doornkop South project for R1.3bn. Zungu later went on to establish Zungu Investments Company or Zico, which is the entity that has taken a 25% stake in Seriti. In addition to the Harmony Gold mine, it bought an interest in Rockwell Diamonds and was the lead investor in the Micawber consortium that took a share in Dominion, the failed uranium start-up in Neal Froneman’s Uranium One.
As for Community Investment Holdings, it is a R20bn-a-year business invested in mining, logistics and infrastructure as well as power and energy, which is co-owned by Anna Mokgokong. Mokgokong, who will be chairwoman of Seriti, is married to Pius Mokgokong, whose company Liketh Investments has two coal supply agreements (CSAs) with Eskom.
この記事は Finweek English の 20 April 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Finweek English の 20 April 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
