Entries by Jef

Safika Holdings associate Ntsimbintle Holdings agrees to landmark sale of its manganese portfolio to Exxaro Resources

Johannesburg, 13 May 2025 – Ntsimbintle Holdings (Ntsimbintle), a broad-based black economic empowerment (B-BBEE) mining company and associate of Safika Holdings’ subsidiary Safika Resources, and its strategic partner OM Holdings have agreed to sell their manganese portfolio to Exxaro Resources (Exxaro) for a purchase consideration of R11,674- billion. The transaction is subject to the fulfilment […]

Justin Pitt Dies, Safika Loses One Of Its Own.

STATEMENT FROM CHAIRMAN SAKI MACOZOMA It is with a heavy heart that I announce that Justin Pitt, managing director of Safika Resources, has passed away. Justin had not been well since June 2023. We hoped he would recover and continue to lead the Safika Resources team in the management of our assets, but it was not to be. May his soul rest in peace. Over a 22-year period, Justin played a […]

Safika chair appointed non-executive director of global packaging and paper group Mondi

Safika chairman, Saki Macozoma, has been appointed a non-executive director of the Mondi Group with effect from May 2022. He will join the multinational packaging and paper group’s audit and nominations committees. According to Philip Yea, chairman of the board of Mondi, Macozoma’s appointment to the board is in line with efforts to broaden the […]

Macozoma’s Ntsimbintle has vehicle for manganese consolidation following Gilbertson ouster

THE ousting in mid-October of Brian Gilbertson from Australia’s Jupiter Mines will have important consequences for South Africa’s manganese industry as it hands management control to the ambitious Ntsimbintle Holdings, the company largest shareholder. Ntsimbintle Holdings is 74% controlled by Safika Resources, a branch of Saki Macozoma’s industrial empire. Macozoma has tended to operate away […]

New Mokala manganese mine heading for steady state, solar power

JOHANNESBURG (miningweekly.com) – With mining now ramping up, the new Mokala manganese mine in the Northern Cape anticipates being at steady state production by the third quarter of 2021. Once that happens, the mine expects to be producing more than one-million tonnes of manganese ore a year, with an opencast life-of-mine of more than ten years. Beyond its opencast activities, additional resources are […]

Moss appointed chair of Investec Property Fund

Investec Property Fund Limited Safika chief executive Moss Ngoasheng has been appointed as the independent non-executive board chair of the Investec Property Fund with effect from September 6, 2021. Investec Property Fund Limited is a South African Real Estate Investment Trust that listed on the Johannesburg Stock Exchange (JSE) in 2011. The fund pursues a bi-regional […]

Safika chairman appointed top advisor to Eastern Cape government

The premier of South Africa’s Eastern Cape province, Oscar Mabuyane, has announced that Safika Holdings chairman, Saki Macozoma has been appointed to a key advisory position in his administration. Macozoma will form part of the premier’s advisory panel on a part-time basis. The Eastern Cape is South Africa’s second-largest province but also the poorest, in […]

Ntsimbintle Holdings R1.3-billion vote of confidence in Tshipi and 
South Africa’s manganese sector

Johannesburg (19 April 2021) – Ntsimbintle Holdings, has acquired a further 13.8% stake in Jupiter Mines (270.5 million shares), making it the Australian-listed miner’s largest shareholder, with a total holding of 19.9%. Ntsimbintle Holdings invested around R1.3-billion over the last 18 months in acquiring this stake. Ntsimbintle Holdings is one of South Africa’s most successful […]

Safika helps to preserve the past and educate for the future

Safika Holdings has restored a historic building at St Andrew’s College in South Africa’s Eastern Cape creating a debating chamber and exhibition center for students at the school. Photographs and memorabilia will be exhibited there. Safika has also provided generous sponsorship for an educational programme St. Andrew’s College was founded in 1855 at a time […]