Group Structure & BEE

South African Strategy

As a mining company operating in South Africa, it is imperative to ensure that Scinta maintains appropriate and sustainable Black Economic Empowerment (BEE) structures. In the mining sector this entails positioning the company as 51% black-owned. Black ownership is required in South Africa for a number of reasons, including in respect of the requirements of (i) the Mining Charter, and (ii) significant coal purchasers, such as Eskom (South Africa’s electricity parastatal). 

Scinta as an Investment Partner

The broad-based BEE positioning of the group positions Scinta as an ideal investor/partner for other mining houses seeking to either divest of non-core assets or to joint venture with suitable BEE companies.  This strategic position is further complemented by the know-how and experience, in respect of both mining, corporate management and international finance, of Scinta’s senior management.

Scinta’s BEE Shareholders

Scinta South Africa is 51% black empowered. Our empowerment partners consist of Dr Humphrey Mathe, Zungu Investments Company (Zico) and Partnership Investments.

Zico

Zico was founded by Sandile Zungu in 2000 and is fast becoming a diversified holding company. Among other interests, Zico holds 65% in African Vanguard Resources (AVR). AVR is an emerging mining and basic resources company, owned and managed by historically disadvantaged South Africans. It is currently the BEE partner to Gold One International, Rockwell Diamonds and Jasper Mining.

Partnership Investments

Partnership Investments is a broad-based BEE company established for the benefit of women's development and leadership education of the youth, headed up by Dr Brigalia Bam and Dawn Mokhobo. Its significant broad-based shareholders include the Partnership Foundation Trust and the Women's Development Foundation.

Acetomanzi (Proprietary) Limited

Acetomanzi (Proprietary) Limited was formed on behalf of Dr. Humphrey Mathe to target coal resource acquisitions through Scinta.  Humphrey is Scinta's chairman. He has more than 30 years of experience in the mining industry, mostly in coal. He is also the Chief Executive Officer of Tranter Exploration, a mineral exploration company that focuses on exploring and developing African mining exploration opportunities.