Investee Companies
Alexander Forbes
Shanduka has a 7.8% shareholding in Alexander Forbes, a leading provider of financial and risk services internationally. Listed on the JSE Securities Exchange South Africa, the primary operations are based in South Africa and the UK...
Bidvest
Shanduka is a 18.46% shareholder in Dinatla Consortium, which has a 3.6% shareholding in Bidvest. Dinatla is the black empowerment partner to Bidvest which is an international services, trading and distribution company, listed on the JSE South Africa and operating on three continents...
Coca-Cola Shanduka Beverages (CCSB) - Previously known as Scarlet Ibis
Shanduka has a 70% stake in one of TCCC's four bottlers in South Africa. The bottler, previously know as Scarlet Ibis, was re-named Coca-Cola Shanduka Beverages South Africa (Pty) Ltd (CCSB). The Coca-Cola Company (TCCC) holds the remaining 30% shareholding in the business.
Diepkloof Retail Development
Shanduka has a 52% stake in the Diepkloof Retail Development. In 2004 the City of Johannesburg Property Company invited developers to submit proposals for the development of a site at Diepkloof Ext. 3, Soweto…
DRA Mineral Projects
Shanduka’s stake in Dowding, Reynard & Associates amounts to 25%. Dowding, Reynard & Associates (DRA) is an engineering company which specialises in project management and process plant design. It has the capacity to combine expertise with proven, innovative technology to deliver a powerful engineering competence…
FeverTreeConsulting
Shanduka owns 51% of FeverTreeConsulting, a dynamic, indigenous African High Value Add Consulting company that prides itself on its tried-and-tested methodologies, innovative solutions and consistent results as well as its team of internationally trained and experienced consultants.
Helios
Shanduka invested in a Nigerian company, Helios Towers Nigeria (HTN), alongside other international partners.
Investment Solutions
Shanduka holds 7.8% of Investment Solutions Limited, a leading provider of multi-manager investment portfolios and related services. The single major difference between a multi-manager and a single manager is that a multi-manager does not actually buy and sell shares, bonds etc, but manages the investment managers who do this.
Kaalfontein Shopping Centre
Shanduka is in partnership with McCreedy in the investment of Kaalfontein Shopping Center. The shopping centre is 95% fully let...
Kangra Coal
Shanduka has acquired a 30% stake in Kangra Coal. Kangra’s assets comprise two mining operations, the Richards Bay Coal Terminal (RBCT) entitlement and an export division. Savmore mine is the major coal producer for Kangra and is situated near Piet Retief, while the Welgedacht mine is situated in Utrecht near Newcastle, in KwaZulu Natal.
Lace Diamonds
Shanduka holds 13% in Lace Diamond Mine Pty Ltd (LDM) alongside Diamondcorp PLC (74%) and another BEE partner, Sphere Holdings, (13%). LDM is a re-opened diamond mine in the Kroonstad area. LDM has obtained new order prospecting rights over Ruby 691 (owned by LDM) and adjacent property.
Liberty Life
Shanduka is invested in a 1.5% stake in Liberty Life. Liberty Life offers a comprehensive and complementary range of non-banking financial services and is highly respected for its contemporary approach to product design. Product development remains a key competence…
Lonmin
Shanduka holds a 50.03% shareholding in Incwala Resources (Proprietary) Limited. Incwala was established in 2004 and holds an 18% interest in Lonmin plc’s two principal operating subsidiaries, Western Platinum Limited and Eastern Platinum Limited and a 26% stake in the Akanani platinum project.
MacSteel SA
Shanduka owns 7.5% of Macsteel Service Centres SA. MacSteel forms an integral and significant Southern African component of the global Macsteel Holdings Group, which operates in 39 countries worldwide.
Matrix Marketing
Shanduka owns 28.2% of Matrix Marketing, the largest sales prospecting contact information company in South Africa....
McDonald's SA
On 17 March 2011 Cyril Ramaphosa was appointed as Developmental Licensee (DL) for McDonald’s South Africa. As the new DL, Mr. Ramaphosa is responsible for the operation of McDonald’s restaurants in South Africa which will give him a 20-year Master Franchise Agreement with McDonald’s International.
Mondi Shanduka Newsprint
Shanduka owns a 42% stake in Mondi Shanduka Newsprint . Mondi is a global, integrated paper and packaging group, principally involved in the manufacture of business paper, packaging paper and converted packaging…
MPACT
Shanduka own a 10% equity stake in MPACT. MPACT was established in 2005 with Shanduka as the empowerment partner. MPSA includes Mondi’s Packaging and Industrial Paper Operations at Springs, Felixton and Piet Retief, its corrugated converting business Mondipak Corrugated, its recovered fibre collection and processing operations Mondi Recycling, Mondipak Plastics, Mondi Versapak, Mondi Plastic Containers and Mondi Merchants Paperlink. .
MTN
Shanduka holds a 0.45 % stake in MTN. The MTN Group Limited (MTN Group) is a leading provider of communication services, offering cellular network access and business solutions. The MTN Group is listed in South Africa on the JSE under the Industrial – Telecommunications sector.
Pan African Resources
Shanduka owns 26% in Pan African Resources. Pan African is a gold mining company that produces approximately 100,000oz per year. Its focus is on developing low cost, high margin production or near production projects. The Company has no debt, is unhedged and is able to fund all of its current on-mine capital from current cashflows. The recent acquisition of Phoenix Platinum Mining (Pty) Ltd (Phoenix Platinum) does not change the gold focus of the Company. Preliminary sampling and recovery results have exceeded expectations and management’s proactive actions could see plant construction as early as the first half of 2010, with production likely in first half of 2011. However, this production outlook is sensitive to management’s ability to secure plant location.
RentWorks
Shanduka has an interest in RentWorks Limited through Shanduka Fund Managers. RentWorks was established in Australia in 1988 and 5 currently has two offices in South Africa as well as operations in India and Kenya.
Scaw Metals
Shanduka owns 5% of Scaw Metals South Africa, a division of Anglo Operations Limited, a South African registered company whose ultimate owner is Anglo American plc.
SeaCom
Shanduka has an interest of 12.5% in Seacom. Other partners in the venture are Venfin, Herackles Telecom, Industrial Promotion Services and Convergence Partners
Seacom is a state of the art, privately funded, submarine fiber optic cable of 1.28 terabytes per second capacity over a route of about 17 000 km (with over 13,500 kms undersea) which will link South Africa to Mumbai in India and Marseille in France via Mozambique, Madagascar, Kenya, Tanzania and Ethiopia, providing Internet and IP solutions, broadband as well as global onward connectivity for voice and private line solutions.
Shanduka Coal
Shanduka is in the process of acquiring 5O.1% of Shanduka Coal, subject to the Competition Commission . Through its subsidiaries, Shanduka Coal owns 100% of the Graspan, Townlands, Bankfontein, Leeuwfontein and Lakeside mines, located near Middlelburg and Kendal, South Africa.
Projects
Karoo Renewable Energy facility
Shanduka Group, in partnership with Gestamp Wind, a Spanish company with over 10 wind farm projects around the world and Sarge, a Cape Town-based renewable energy developer, pioneering the establishment of renewal energy advancement in South Africa...
Kuvaninga de Mozambique
Shanduka acquired 37.5% equity interest in the Independent Power Generator Company, Kuvaninga de Mozambigue.
Shanduka Aggreko joint venture
The successful joint venture agreement with Aggreko to supply temporary power to the FIFA World Cup was extended ...
Tshingua Solar
Shanduka acquired 20% interest a new venture with Tshingua Solar and Trihelix...









