Mbuyelo Group
Combining Entrepreneurial Flair with Corporate StabilityWriter: Emily JarvisProject Manager: Arron Rampling By working on a plan for consolidation and acquisition of further assets to solidify its position as a notable player in South Africa’s coal mining industry, Mbuyelo Group is to overcome the current commodity slump and retain market stability through targeted investments that increase production capacity in preparation for when the market inevitably turns.Founder and Chief Executive Officer of Mbuyelo Group, Rirhandzu Owner Siweya, says that the Company’s two latest mining assets - combined with a broadening of the Group’s property and farming concepts, among its other subsidiary offerings – will act as the springboards to expand Mbuyelo beyond the traditional coal mining sphere.“We are very excited to have achieved so much in the past year, including the more unintended successes such as the acquisition of the remaining 50 percent of the Ntshovelo Mining operation at Vlakvarkfontein, in addition to achieving all of our production goals with distinction. The intention is to use this momentum as an opportunity to consolidate what we have to build a sustainable business in preparation for market recovery,” he highlights.Currently, the Group is working hard to prepare the Mbuyelo Coal (Pty) Ltd subsidiary for listing on the Johannesburg Stock Exchange in a bid to boost the overall business reputation and market presence.Siweya adds: “It is only natural for this Group-wide consolidation strategy to involve looking for further investors and partners who share a likeminded outlook of the mining industry and willingness to embrace the possibility of new business relationships. This has proved a…
Mbuyelo Group
Exploring the Possibilities for Rewarding Returns Backed by ambition and a wealth of industry knowledge, Mbuyelo Group hope to seize as many opportunities as possible and create a sustainable environment for local South Africans Writer: Emily JarvisProject Manager: Arron Rampling Conceptualised in an internet cafe by now husband and wife, Mr and Mrs Siweya, Mbuyelo Group - meaning “return” or “rewards” - is predominantly a coal mining company that has been driven by a strong work ethic and guided by a wise leader since the very beginning.When the Minerals and Petroleum Resources Development Act 28 (MPRDA) came into regulation in 2002, this change to the mining charter in South Africa gave Siweya the opportunity to enter the mining scene. “The Act increased interest in South Africa from a mining perspective and therefore, we positioned ourselves accordingly and applied for as many mining assets as possible, and the rest is history; the company developed from strength to strength,” says Rirhandzu Owner Siweya, CEO of Mbuyelo Group.Admirably, with the help of his wife and brother, Siweya generated the resources to secure his vision using tight budgets and through building relationships with partners to develop the Group’s assets.“Through various valuable partnerships with companies from around the world including London (UK), Canada, Australia and India, we were able to build the necessary technical and financial skills set so that we could stand on our own with an attractive portfolio of operations,” he adds.Moreover, the subsidiary Mbuyelo Coal’s continued presence at the Mining Indaba for the past couple of years has proved fruitful for…
