The shareholders of Main Street 774 Proprietary Limited (“Main Street”), which in turn owns 50.1% of Tshipi é Ntle Manganese Mining Proprietary Limited, are considering pursuing a potential IPO and listing on the securities exchange of JSE Limited of Main Street in 2018 to create a platform for its future growth strategy, although no final decision has been taken at this stage.
Australia’s Brisbane Valley Protein Precinct, in which Safika has a significant investment, has launched its new quail processing plant. It was officially opened by Australia’s State Development Minister Cameron Dick. Safika’s chairman Saki Macozoma was present at the event.
The R20-million plant is the first stage of the protein precinct master plan which will be completed in four stages.
“This is a great example of the private sector working with government to create jobs and economic development in Queensland,” Minister Dick said.
Brisbane Valley Protein has established hatching, growing and processing infrastructure – the processing plant is the first export orientated quail abattoir in Queensland.
“We are very excited by this venture. Already it is providing employment for locals but it means the Brisbane Valley name will be gracing the menus of some of the top nations in the world,” Mr. Brown said.
Macozoma still interested in PE rail links that export his ore
As a young boy fascinated by the seemingly endless strings of wagons, Saki Macozoma took pleasure from watching trains as they trundled their way along Port Elizabeth’s railway lines.
These days, a youthful, 61-year-old Macozoma still keeps a sharp eye on the railway tracks, only now with less fascination and a lot more pleasure.
This is because a significant number of the wagons hauled into the city each week are delivering thousands of tons of manganese ore from his Northern Cape mine to the Port Elizabeth Harbour.
From there, the currently wellpriced ore is shipped into China’s insatiable steel industry, along with others around the world.
Undoubtedly one of Nelson Mandela Bay’s most successful businessmen, Macozoma sat down with the Weekend Post this week.
A softly spoken, but measured Macozoma revealed snippets of a fast-paced, eclectic life. One which saw him rise from political imprisonment on Robben Island to a mining magnate currently poised for a stock exchange listing.
A true heavyweight, in both the political and business divisions, the Kwazakhele-born and educated father of three has been boxing clever since being imprisoned for five years alongside Nelson Mandela.
Following two years’ service as a member of South Africa’s first democratic parliament, the Unisaand Boston University-degreed man stepped into the world of big business when he was appointed managing director of the country’s largest parastatal, Transnet Limited, in 1996.
There was no discussion, however, on the irony of a Transnet head later becoming one of the rail and harbour authority’s biggest customers.
But Transnet was just the beginning for Macozoma, who went on to chair South African Airways and join the boards of a raft of companies and civil institutions.
While he has lived in Johannesburg for the past 23 years, he continues to retain strong ties to the Bay, where he maintains his Kwazakhele home and retains his memberships on the boards of both the Nelson Mandela Bay Business Chamber and Volkswagen Group South Africa.
His first real job, Macozoma revealed, was with a blasting and excavation firm specialising in roadworks. “It did not last long. I got fired. It seemed the security police did not want me near any explosives,” quipped Macozoma dryly.
Turning to the Tshipi é Ntle Manganese Mine in the Kalahari Manganese Field – of which, through his Main Street 774 and Ntsimbintle Mining entities, he is a majority shareholder, Macozoma sees a bright future – not just for the mine – but also for manganese.
“The mine, which is in the southern part of the field, has a life span of about 100 years, so it is going to be in business for a long time. In addition, there are two more mining deposits waiting to be developed in the north of the field.
“We intended opening these two mines. Part of the preparation for this will be a listing on the JSE.”
Nonchalant about his own success, expressing simply that he was happy, Macozoma livened up significantly when questioned around any advice he had for budding entrepreneurs.
“The youth, exposed to rap videos and Instagram-type media are being fooled into thinking that there is easy money out there.
“There is no easy money and hard work, the way to success, is not emphasised enough these days. I often still work 18-hour days. Patience, hard work, genuine commitment and taking full responsibility are the keys to success,” he said.
Macozoma also addressed an issue close to the hearts of Bay authorities, business and the public – the removal of the manganese ore dumps from the harbour in favour of the establishment of a long-mooted waterfront.
“There should never have been a manganese operation in the middle of the city. Transnet’s processes are slow, but the operation will be moved to the harbour at Coega in 2023.
“As it was, when the city was addressing casino licensing and the location of the region’s casino, I, in my capacity at Transnet at the time, had opened land in the harbour for such an operation. That however did not materialise, as the licence was awarded to the current casino operators. So, I certainly support the development of a waterfront in the harbour precinct.”
Oswin Slade, chief executive of Safika group’s UNICOM technology company, presents a cheque to support the development of young South African cricketers to JP Duminy’s JP21 project.
He is bringing international business to South Africa’s economy and donating to South African cricket.
It was 42 years ago when Oswin, disgusted by apartheid, left his Stellenbosch home, flew to Australia and tore up his South African passport. Now, many years later, Oswin returned to Cape Town to bring to the country some of the world’s most sophisticated communication devices.
“Democracy in South Africa is a wonderful thing and I am proud to see how my birth country has developed. For it to flourish, I believe it needs a solid economy and international trade,” said Oswin, Chief Executive of Australian telecommunications company UNICOM. “If by providing state-of-the-art communications devices, I can give back to the land of my birth, it will be a dream come true.”
Oswin is also looking forward to meeting his cousin cricketer Charl Langerveldt They share a common passion for cricket and to mark the reunion Unicom is donating R25, 000 to JP Duminy’s JP21 project for under 21 cricket, a project that underscores values of respect, kindness, transparency and integrity
Oswin said that when apartheid ended, it was too late for him to return to South Africa, “I have an Australian wife and kids and it just seemed too much to uproot them. Throughout the years, though, I always dreamed the day would come when I could help.”
UNICOM, part of the Safika group, will be participating in AfricaCom, the largest African telecoms, media and technology event, which attracts over 11,000 people and 400 exhibitors to Cape Town each year. The showcase will be held at the Cape Town convention centre on the 7th till the 9th November 2017. Three days of thought-provoking content and amazing technology.
Established in 1983, the Australian company focuses on specialised wireless communications for paging, public and personal safety, health and aged care and emergency services.
For more information or to set up an interview with Oswin please contact Luke Barritt on firstname.lastname@example.org or 072 233 3083.
Against the background of rising calls for radical economic transformation in South Africa’s mining sector, particularly transformation that benefits the country’s communities, grassroots shareholders of the black-controlled Ntsimbintle were last week able to celebrate the Northern Cape manganese mining company’s latest R300-million dividend payout – and also look to a new Kalahari manganese project on the horizon.
Ntsimbintle, headed by struggle veteran Saki Macozoma who was imprisoned on Robben Island from 1976 to 1982, is a manganese mining and exploration business born out of South Africa’s own transformation in 2002, when the government announced it wanted to broaden ownership of the country’s strategic resources.
The one-time Robben Island prisoner has been at the forefront of developing Tshipi é Ntle Manganese Mining’s 2.4-million-ton-a-year Tshipi Borwa mine, and Creamer Media’s Mining Weekly Online was in the sands of the Kalahari with him at its sod turning in 2003, along with Pallinghurst mining luminary Brian Gilbertson, who was instrumental in turning South Africa’s former Gencor mining house into BHP Billiton, the world’s biggest mining company.
Pallinghurst company Jupiter is a 49.9% shareholder of Tshipi é Ntle and the positioning of Tshipi Borwa in the lowest cost quartile at a time of rising manganese prices, resulted in Tshipi making its maiden R1-billion distribution in March.
With the manganese price remaining strong over the past few months, Tshipi has agreed to distribute a further R500-million to its shareholders in September, which will result in a total shareholder return of R1.5-billion this year.
Tshipi is one of the newest mines in the 35-km-long and 15-km-wide manganese belt of the Kalahari, which is to the hard grey metal what the Bushveld Complex is to platinum and what the Witwatersand gold basin was to gold.
During the first four months of this year, Tshipi achieved monthly production volumes capable of supporting an output of more than three-million tonnes of manganese ore a year and exported more than any other producer in South Africa.
The 500 km2 manganese field that hosts it is said to contain 20-billion tons of manganese ore at grades of 20% to 48% manganese, compared with China’s largely-below-20% grade, with lower quality manganese requiring more electricity.
Technically and geologically, South Africa has superb manganese that others can only dream about – large, thick, shallow, homogenous, continuous seams.
Tshipi’s close-to-surface manganese is mined relatively cheaply, with all the initial R1.7-billion funding that kicked the project off coming in the form of foreign equity capital, in the realisation that steel needs manganese and hardly any development takes place in the world without steel.
Ntsimbintle says in a release that dignitaries, shareholders, business luminaries and VIP guests gathered in Kathu on June 22 to honour its communities, particularly those surrounding the mine, and to commemorate the broad-based forming of Ntsimbintle in 2003 by nine black groups that have since broadened to 16, many of them from within Northern Cape’s grassroots communities.
The John Taolo Gaetsewe Developmental Trust – previously known as the Kgalagadi Rural Poverty Node Charitable Trust and made up of members directly from the Kgalagadi district – focuses on youth development, people living with disabilities, HIV/Aids, poverty alleviation, and women and children.
This trust, a 14.44% shareholder of Ntsimbintle, is chaired by Cynthia Mogodi, who played a leading Ntsimbintle directorship role even during Mining Weekly Online’s 2003 visit.
To date, the John Taolo Gaetsewe Developmental Trust has received dividend payments from Ntsimbintle of R46.2-million, which has greatly empowered the trust to carry out its mandate of championing sustainable socioeconomic solutions for Kgalagadi’s poor and needy.
Among the trust’s key socioeconomic initiatives, says Ntsimbintle in the release, are a human resource development foundation, bursary scheme, multipurpose centre and community radio station.
The mine also does its share in socioeconomic development through its social and labour plan, with some of its projects including a teacher development programme, a bulk water supply project, an enterprise development project, learnership programmes and university bursaries.
What is being looked forward to is the 51% Ntsimbintle-owned Mokala Manganese, which has an 80-million-tonne manganese resource, 12-million tonnes of which is amenable to opencast mining.
A feasibility study has been completed on the proposed project and the award of a mining right is imminent.
Ntsimbintle has also reached agreement with Lehating Mining and its major shareholder, Traxys Projects LP, to amalgamate into one mine the Lehating mining right and a future mining right within the Wessels prospecting area.
The upcoming Lehating/Khwara amalgamation area hosts one of the few remaining high-grade (49%) manganese deposits in the Kalahari manganese field.
“It’s an honour to be part of such an incredible journey of transformation, and to finally see the vast mineral wealth of our country being shared more equitably among the people than ever in our history,” says Macozoma, 60, whose first job in 1982 was as a soils analyst with Blasting & Excavating in Port Elizabeth, the city of his birth.
But his analyst tenure was shortlived as the police did not want him to have access to explosives, which led to his joining of the South African Council of Churches.
He later hit the high spots as Transnet’s head and sat on the boards of some of South Africa’s top corporate companies.
The calls for radical economic transformation in South Africa’s mining sector, particularly transformation that favours the country’s communities, are rising in their urgency, their frustration and their exasperation.
So it was with no small measure of pride that dignitaries, shareholders, business luminaries, and VIP guests including Inside Mining, gathered on 22 June 2017 at the Kalahari Country Club in Kathu, Northern Cape to celebrate the success of a truly transformed South African mining investment company.
SOMERSET could soon be home to the Brisbane Valley Protein Precinct, a multi-million dollar master planned protein production hub at Coominya, with Council today approving the first stage of the development.
The Brisbane Valley Protein Precinct site is designated as the Coominya Food Production Investigation Area under Council’s Strategic Framework and will be developed on more than 1100 hectares.
Somerset Mayor Graeme Lehmann said the development, which would be the first dedicated protein production hub in Australia, was well planned, strategic and would bring huge benefits to the region.
“This is great news for our community in that it will bring more jobs to the region and showcase Somerset on the international stage through production, exports and hospitality modelling,” Cr Lehmann said.
“Council received five submissions about this development during the public notification period and each of these submissions was in support of the development.”
BVPP director Duncan Brown said the company had undertaken proactive community consultation prior to submitting the development application with Council.
“This will be a staged development that includes intensive livestock production with poultry, game birds and beef, processing, training, research and hospitality facilities,” Mr Brown said.
“The Brisbane Valley Protein Precinct will be the first dedicated protein production hub in Australia, with on-site training and R&D facilities, and will deliver on state and local government visions for a strategic food production area at Coominya.
“It will provide jobs for Queenslanders by putting food on the plates of emerging middle classes in Asia and beyond.”
The first stage of the development, as approved by Council, is to develop to RSCPA standards, eight poultry sheds and a hatch to dispatch quail operation, including nine quail sheds and an export-accredited quail processing facility with the capacity to process up to 15,000 birds per week.
Stage one will also include the restoration and rehabilitation of Spring Creek, which runs through the property and into the Brisbane River, and the start of a Certificate IV livestock/food production training program for students.
The application involving the master planning of the precinct is yet to be lodged with Council.