MIT Background ... |
MIT |
established in 1995 by NUM |
| MIT |
mining - energy - construction |
| MIC |
established by MIT in 1995 |
R3million as seed capital from NUM to drive BEE |
| MIC assets |
over R10billion |
| MIC awarded |
BusinessMap Top Unlisted BEE Company, 2006 |
Barloworld / WBS Top BEE Deal (Peermont), 2006 |
| MIC |
disbursesd over R122,5 million into MIT |
to fund social development programmes |
| June2008 - MIC |
disbursed additional R245million to MIT |
invested into MIT annuity fund providing solid secure cash flows for next 5 years |
| MIT |
represents over 1 million people across SA |
| MIT's projects focus on: |
poverty alleviation, local economic development, enterprise development and job creation |
| MIT delivers on this mandate through |
the Minworkers Development Agency (MDA), the JB Marks Education Trust Fund and Elijah Barayi Memorial Training Centre (EBMTC) |
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