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Shanduka In The News

Scrutiny of business deals should be encouraged

Shanduka Group, a black-owned and -managed investment holding company, recently announced the acquisition of a minority stake in MTN Nigeria. Worth US$335 million, the deal is the largest investment the group has made outside South Africa.

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Shanduka buys MTN Nigeria stake

Shanduka Group, the investment firm run by South African politician and millionaire Cyril Ramaphosa, has paid $335 million for a stake in MTN's Nigerian business, its biggest investment outside its home market.

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Shanduka to start on wind power plant

Construction of a 73.8MW wind power plant near Victoria West in the Karoo will start shortly.

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Making its mark in the classroom

MAMELLO MASOTE ROM school to a professional career — the Shanduka Foundation is involved in all levels of education. The foundation, which was started in 2004, has taken second prize in the corporate social investment category of the Top 100 Companies survey. The foundation is part of Shanduka Investment Holdings, a company founded by businessman Cyril Ramaphosa.

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Foundation channelling mining company funds into disadvantaged rural schools

The Adopt-a-School Foundation has worked closely with various mining companies to improve the conditions of many rural schools in South Africa that lack the basic infrastructure and educational resources needed to produce a successful and fully functioning environment in which children can learn.

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'What we do now will define us as a nation'

Sunday Times article by Shanduka Chairman Cyril Ramaphosa

The events at Marikana last week represent probably the lowest moment in the short history of a democratic South Africa. The scenes, reminiscent of an age we thought had been long left behind, have shaken the nation to its core.

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Shanduka concludes Glencore coal deal

The June edition of the Coal Roundup covers activities in the coal sector across the globe. 

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Company Announcement: Pan African's Barberton Mines primary school project officially opens

Pan African’s subsidiary, Barberton Mines in partnership with Adopt-a-School Foundation today officially opened the doors to the Barberton Mines School project. This marks the official hand over of phases one and two of the school to the Department of Education as well as the transferral of learners from local schools, the Dixie and Fairview Primary schools.

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Ramaphosa opens Shanduka Black Umbrellas

Executive chairman of the Shanduka Group Cyril Ramaphosa and Mthembeni Ntshangase, who runs Isivuno, an events and production company.

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SBU Durban incubator launched

Shanduka Black Umbrellas officially launched its Durban Incubator on 11 July 2012. The launch of the Durban incubator saw more than 400 entrepreneurs apply to be part of the programme.

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Shanduka Group now owns majority stake in Shanduka Coal

JOHANNESBURG (miningweekly.com) – London-listed Glencore International on Thursday completed the transfer of 20.01% of its shareholding in Shanduka Coal to Shanduka Resources.

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Launch of Tsakani School

TAard Mining Equipment Launched the Grade R Structure at Tsakani Primary School on 22 June 2012. The project in partnership with Adopt-a-School Foundation is the fulfilment of the Companies R891, 000 commitment to education that was made less than a year ago.

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Shanduka Black Umbrellas hold its first graduation

The very first Shanduka Black Umbrellas (SBU) graduation for qualifying small businesses was held on 19 June 2012 at the African Heritage Society House. The graduates are those entrepreneurs that have successfully completed the three year incubation programme.

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Shanduka Day calls for a green environment

Shandukalites united on 8 June 2012 to go back to school for a day at their adopted school, Olifantsvlei Primary School. The theme for the day was literacy with an environmental edge. The staff were involved with the children all day, playing games, engaging in critical thinking debates, and dancing with the children who live in a disadvantaged community.

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Business tycoon goes back to school

Business tycoon Cyril Ramaphosa’s face lit up yesterday as he walked through the yard of a school he had attended as a 10-year-old. Tshilidzi Primary School in Chiawelo, Soweto, was abuzz as Ramaphosa embarked on a Back to School for a Day initiative.

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McDonald's Top Jock DJ competition

For the third year, McDonald's South Africa is searching for the 'Top Jock' in its DJ competition, which aims to scout and cultivate Mzansi's musical talent at 10 university campuses around the country.

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M&A Volumes Increase in SA as Value Holds Steady

THE volume of mergers and acquisitions (M&A) in South Africa last year increased almost 28%, but the value remained the same as in 2010, at $16bn.

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China's State Investment Fund Buys into Shanduka

CYRIL Ramaphosa’s Shanduka Group has sold a 25% stake to China Investment Corporation, China’s sovereign wealth fund, for R2bn, saying this will enhance the group’s growth trajectory over the next 10 years.

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Glencore Sells Coal Stake for 700 Million Rand, Shanduka Says

Shanduka Group raised its stake in South Africa’s Shanduka Coal to 50.01 percent from 30 percent in a deal valued at about 700 million rand with Glencore International, Shanduka Group Chief Executive Phuti Malabie said.

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Shanduka Plans More Empowerment

The head of one of South Africa's most accomplished black-owned and -managed companies, Shanduka, says companies should start seeing the "bigger picture" when it comes to transformation in the country.

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Shanduka Group making inroads operations

Born at the dawn of a new century and the new millennium, Shanduka Group takes its cue for growth and empowerment from its name. Shanduka means 'change' in tshiVenda.

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UPDATE 2 - Lonmin eyes Limpopo deal with Shanduka

Lonmin , the world's third-largest platinum producer, has agreed a deal which could involve South African group Shanduka investing 1.1 billion rand ($137 million) for control and management of its Limpopo division.

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Shanduka sets sights on Limpopo mine

Lonmin, the world’s third- largest platinum producer, yesterday agreed with Cyril Ramaphosa’s Shanduka Group to a R1,1bn deal that could see the empowerment company taking a controlling stake in a mothballed mine and access to more than 20-million ounces of platinum group metal (PGM) resources.

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Talk that Shanduka is courting Optimum

Optimum Coal (OPT), the South African coal mining and exploration group, on Friday acknowledged that it has “received unsolicited, non-binding expressions of interest from third parties to acquire a controlling interest in Optimum”.

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Shanduka sells Assore stake for R2.7bn, exit to broaden BEE base

JSE-listed iron-ore, manganese, chrome and ferroalloy producer Assore on Tuesday announced that it would buy its black partner Shanduka’s 11.8% stake in the company for R2.7-billion and pass the benefit on to its broad-based black-economic empowered (BBBEE) shareholders.

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Shanduka faced with overhauling history

SHANDUKA Resources’ R2.8bn investment in Incwala Resources will be, I’m tempted to say, the first of many empowerment deals to be recapitalised. To be honest, however, a revisitation of Incwala’s empowerment transaction, unveiled in 2004, had been coming for a while.

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Shanduka-Aggreko announced as final National Supporter of the 2010 FIFA World Cup™

The final National Supporter of the 2010 FIFA World Cup™ has been revealed as Shanduka-Aggreko. Shanduka, a leading African investment holding company, through its subsidiary Shanduka Energy, and Aggreko, the global leader in the provision of temporary power rental services, have formed a joint-venture which is the official supplier of rental power for broadcasting of the FIFA World Cup™ tournament. The tournament will be held from 11th June to 11th July 2010 across 10 stadiums in South Africa.

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Shanduka-Aggreko to keep 2010 lights on

Temporary power rental services company, Shanduka-Aggreko, has been named as the final official 2010 Fifa World national supporter.

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Business Support is Key

BLACK economic empowerment can thrive this year if established companies actively support smaller entrepreneurs through their enterprise development programmes, business people and analysts believe.

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