Mineworkers Investment Company

Established in 1995, the Mineworkers Investment Company (MIC) is a 100% black-owned investment firm dedicated to creating a sustainable asset base for the benefit of mine, energy, and construction workers and their dependents. MIC identifies and invests in long-term, cash-generative assets across various sectors, including financial services, health, leisure, business services, industrials, technology, media, consumer goods, and telecommunications. The company's investment strategy focuses on sectors such as insurance, technology-enabled businesses, and food production, aiming to diversify its portfolio and generate sustainable dividend flows.

As an active equity partner, MIC provides more than just capital; it offers strategic, board-level guidance on corporate governance and transformation. Over the past 28 years, MIC has disbursed over R700 million to the Mineworkers Investment Trust (MIT), which in turn funds social development programs for its beneficiaries. These programs include tertiary education scholarships, workplace skills development through the Elijah Barayi Memorial Training Centre, and poverty alleviation and reskilling initiatives in rural areas through the Mineworkers Development Agency. MIC's commitment to social impact investing underscores its dedication to driving transformation and supporting the communities it serves.

With a net asset value of over R6.6 billion, MIC continues to seek new investment opportunities, particularly in highly innovative and original ventures. The company's focus on long-term, cash-generative assets ensures ongoing funding for the Trust's social and educational projects, reinforcing its mission to empower mineworkers and their families through sustainable economic development and social upliftment initiatives.