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Sakumzi ‘Saki’ Macozoma

Non-executive Chairman

Mr Macozoma is one of the best-known business people in South Africa.
He is chairman of financial institution Liberty Holdings, Stanlib,
Tshipi e Ntle Manganese Mining and Ntsimbintle Mining.

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Moss Ngoasheng

Chief executive

Moss has an encyclopedic knowledge of South African industries and served
from 1995 to 2000 as economic advisor in the Presidency of South Africa.
He also served on the African National Congress’s (ANC)’s economic policy
unit for a number of years.

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Marc Ber

Chief financial officer

Marc is a chartered accountant (CA, [SA]) and a member of the
Chartered Institute of Management Accountants (CIMA) who has
worked with the Safika group since soon after its inception.

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Philip Maisel

Philip Maisel joined Safika in 2010. His responsibilities as a member of the
management team include overseeing Group corporate finance transactions
and taking responsibility for some of Safika’s underlying investments.

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Themba Nyembezi

Themba is a member of the executive team. He is an MBA candidate and holds
a BSc Honours from the University of Westminster in London. He is a board member
of Capricorn FM, Safika Cement Holdings, Abeco Tanks and Chemimpo SA.

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Justin Pitt

Managing director of Safika Resources

In addition to his responsibilities at Safika Resources, Justin is a member of
Safika’s executive team. He is a chartered accountant and has a wealth
of experience in accounting and valuation, mineral rights, BEE structuring
and industrial and mining corporate finance.

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Rudo Morongwe

Group financial manager

Rudo joined Unilever East Africa in 2003 as a trainee accountant; in 2005
she became a Unilever management accountant and in 2006 she became
internal audit manager. In late 2007 she joined Safika and became
Group financial manager in 2011. Rudo holds an honours degree in economics
from the University of Zimbabwe.

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James Mohlaba

Research Analyst

James is a member of Safika’s corporate finance team.
He has extensive experience in both debt and equity markets.
He holds an MCom (Fin) from the University of Cape Town.

Safika Holdings is a South African-based investment holding company with a broad range of interests that include financial services, mining, mining exploration, mine development, transport and logistics, manufacturing, human resources and leisure activities.

Safika’s Chairman resigns from Standard Bank Group to develop opportunities at Safika

Safika’s chairman, Mr. Saki Macozoma, has announced he is stepping down as chairman of insurance giant Liberty Holdings and deputy chairman of Standard Bank to develop opportunities available to Safika.

Mr. Macozoma is a major shareholder in Safika Holdings, which is in an expansion phase. Through its subsidiary Safika Resources, it has successfully entered the South African minerals and resources sector with its new Tshipi Borwa manganese mine in the Northern Cape and is now conducting a feasibility study into a second manganese mine in the area.

The Safika group is expanding internationally, having concluded significant recent transactions in Australia and Singapore.

“I enjoyed my 15 years with the Standard Bank group very much and I feel that I am leaving at a time when it is well positioned with a clear strategic vision and excellent prospects,” said Mr. Macozoma. “However, Safika is growing fast and is presented with opportunities that it would be short-sighted not to take advantage of and so I have decided to devote my energy there. The close working relationship that Safika has with Standard and Liberty will continue.”

Standard and Liberty are significant shareholders in Safika, which is one of their BEE partner companies. Safika also owns stakes in both Standard Bank and Liberty.

Moss Ngoasheng, Safika’s chief executive, stressed the company will remain invested in the Standard Bank Group. “Safika has no intention of selling Standard Bank or Liberty Holdings shares which are not subject to prior financial arrangements and consequently Safika will continue to remain a substantial shareholder in both institutions; we are long-term holders of both,” he said.

Cause for celebration at Safika’s Ntstimbintle Mining

At a gala dinner held in Kimberley on November 21, 2014, Ntsimibintle’s chairman, Safika’s Saki Macozoma announced that the company’s new TshipI Borwa manganese mine would reach full production this year and that all the mine’s manganese two million tonne production had been exported to China.

He also announced that the company had begun a feasibility study into a new manganese mine to be known as Mokala, located near Hotazel in the Northern Cape.

Macozoma also acknowledged the success of the company’s manganese marketing company OM Tshipi. OMT is a partnership between Ntsimbintle, Singapore-based OM Holdings and Australia’s Jupiter Mines. “OMT has the exclusive right to market Tshipi Borwa’s ore and is successfully selling everything Tshipi can produce,” said Macozoma.

“OMT is already in the top five manganese marketing companies in the world and biggest in terms of the 36,5 percent manganese content produced at Tshipi Borwa,” said Macozoma.

Macozoma also announced that the company has begun a feasibility study into a new manganese mine in the central Kalahari basin near Hotazel. “We received regulatory approval from the Department of Minerals Resources in June and if the feasibility study confirms the viability of the project, we could have the new mine, Mokala Manganese, in production in four years,” said Macozoma.

“A new mine would be a boost for job creation and a new tax base for South Africa as well as export opportunities for years of manganese production,” he added.

Macozoma said that Ntsimbintle is a success story for Black Economic Empowerment. “The company is owned and managed by black people and in six years Ntsimbintle’s took its first major project, the Tshipi Borwa manganese mine near Kathu, from concept to reality.”

Tshipi Borwa is now fully operational with a full-time staff complement of approximately 140 employees and 900 contractors. It exported approximately one million tonnes of product in 2013 and is on track this year to export its full production capacity of two million tonnes, having exceeded one million tonnes in the first six months.

“Because it has shareholders from broad-based BEE entities in the Northern Cape many more local people benefit directly and indirectly,” said Macozoma. “Tshipi has become a source of employment for local people and contractors and we are able to export Tshipi’s ore internationally, cost effectively and efficiently contributing tax revenues to the government.”

Macozoma said that one of the challenges had been to get Tshipi Borwa’s ore to Port Elizabeth for export. He said that working closely with Transnet, Tshipi created a dedicated railway siding and loadout station that enabled the ore to be loaded on site and hooked in to the national rail network.

Manganese exports from South Africa has in the last five years doubled from approximately five million tonnes to 10.5 million tonnes, with a significant percentage of the additional production being exported using rail. “The fact that this has happened illustrates the commitment of South Africa’s Transnet to provide the necessary infrastructure to enable growth in this industry,” said Macozoma. “It is an example of the State and business working together for the benefit of everybody in South Africa.” said Macozoma.

In the media