NEF urges co-funding to support black entrepreneurs across mining value chains
Cape Town: Leading development financier, the National Empowerment Fund (NEF) says the mining sector is critical for economic transformation and growth and has urged the mining sector to “open up opportunities for black entrepreneurs across the industry’s value chains”.
Speaking at the Matchmaking and Technical Networking Session of the Mining Indaba in Cape Town, the NEF’s Senior Investment Associate, Ms Palesa Mzolo, said “with close to R200 million invested to date to support black entrepreneurs in mining, the NEF believes more enterprise and supplier development partnerships with medium-sized and established players in the sector, can do more to benefit black women entrepreneurs, township and rural communities as well as black SMEs and potential industrialists”.
She says having established smart partnerships with many measured entities across the economic spectrum, the NEF has gained distinction as a partner trusted by many in delivering unique enterprise and supplier development alliances to build value for SMEs, communities and corporates.
Among the black-owned businesses funded by the NEF in the sector to date are:
- Mohlalefi Engineering – black-youth-owned and managed, the company manufactures and supplies mines with Anchorflex and shotcrete products used in the mining industry. Also known as roof support products, these are bolts that clamp together different layers of rock in underground mines to provide tensile support and prevent failure within the stratigraphy. The products are a safety critical component of underground mining operations and protect miners’ lives.
- Sehwai Exploration Drilling – Owns 14 drill rigs through which it services its growing clientele in the mining exploration industry. Services include standard diamond drilling/coring, wire-line drilling/coring, directional drilling/coring; non-directional drilling/coring, angle drilling/coring and percussion drilling.
- Pamodzi Unique Engineering – suppliers the mining, rail, chemical, agriculture and construction sectors with locally designed, engineered and manufactured products. The brands include Eco and Wilflo Pumps, Unique Blast Barricades and BES Pantographs, which are distributed through an extensive network of local and international distributors.
- Colliery Dust Control – the black-woman-owned company manufactures dust control systems such as wet fan scrubber units, air movers and spray fan systems, which are used to improve working conditions and safety in underground collieries. CDC provides clients with around-the-clock, on-site technical support.
- Stenda Trading – a 100% black-woman-owned and managed company founded with expertise in building underground ventilation structures, conveyor belts installation, project engineering, coal and mineral processing, underground and surface scrap reclamation, building refuge bays, under-ground civils, conveyor belt services, and erecting scaffolds.
- LA Crushers – provides products and services, such as mining load and haul, land rehabilitation, civil and earthworks, crushing, screening, ready-mix and material handling.
- Global Wheel – South Africa’s leading designer and manufacturer of steel wheels/rims for trucks and trailers working in mining, construction, commercial, agricultural and military sectors. All product quality and performance criteria comply with both local and international rim and tyre standards.
- Liciatron – involved in quarrying and beneficiation of dimension stone and black granite, used for building monuments, bridges, as building stone (granite can be used as substitute for cement), paving, street curbing, as crushed stone used in the construction of roads and highways.
- Mmutle Mining – specializes in bulk material handling, crushing and screening, mining rehabilitation, drill and blast plant hire.