Mineworkers Investment Company (MIC)

A 100% BEE Investment Company established by the Mineworkers Investment Trust (MIT) to create a sustainable asset base for the benefit of mine, energy and construction workers and their dependents.  MIC has current assets under management of over R10 billion and was awarded the BusinessMap Top Unlisted BEE Company of the year in 2006, and the Barloworld / WBS Top BEE Deal (Peermont) in 2008.

MIC started in 1995 with R3 million seed capital. Since inception, MIC has disbursed over R368 million directly to MIT, which has in turn advanced the money to fund its social development programmes in the areas of education and micro-enterprise development.


MIC is guided in its work by three key business goals:

• To influence the strategic direction of the
  companies it invests in through active
  participation at executive level, driving
  the change of ownership, decision making
  and management structures in line with the
  country's black economic advancement
  and empowerment agenda
• To engage fully in the process of workplace
  transformation by facilitating the
  conceptualisation and implementation of
  well considered and far reaching employment
  equity plans, and the implementation of
  affirmative procurement policies and procedures
• To identify, source and secure a portfolio of
  assets that provides a consistent and
  sustainable cash flow

-back-

Numprop (Pty) Ltd

About Numprop
Numprop (Pty) Limited is a property owning and management company established by the National Union of Mineworkers (NUM) in order to provide property management and facilitation of various properties in the country.  Seed funding for this venture was obtained through the Mineworkers Investment Trust (MIT) who remain the sole shareholder.

Background:
Numprop is a brainchild of The National Union of Mineworkers. The company was established through The Mineworkers Investment Trust in order to extend its investment footprint through investment into property. The property market in particular lent itself to new horizons where access to ownership, funding and investment had eluded some and now offered advancement and development to many.

Numprop positioned itself to participate and explore these opportunities with specific focus on property investment, development, management and other related services. However, still continues priority remains to provide quality property management services to NUM and to ensure that there is a return for continuous social investment by MIT to members of NUM and their dependents through projects and programmes.

New Horizons:
Property rental and leasing have proven to be in high demand on a national scale, especially in urban areas where it is applicable to both commercial and residential properties.  Municipalities in their various Integrated Development Plans (IDPs) are identifying more property development opportunities as part of their service delivery to the population. The market values of properties have indicated a consistent upward trend over the past five years, although the affect of the global financial crisis has impacted on the South Africa property market, experts predict that this will be greatly improved by mid 2010. Numprop views this as a time for reflection and a period for planning the future, the growth potential for this market is unquestionable.

Numprop pride themselves on being relevant and informed as the South African property management market has a number of legislative requirements that must be complied with, for instance local by-laws and provincial ordinances affect some of the aspects of property management in terms of safety standards.  Legal requirements vary from commercial properties to residential properties and it is vital that Numprop remains up to date and compliant with any changes to property laws. The same applies to property taxes and other forms of taxation that may require close observation to inform the quality of business decisions by Numprop.

As one of the country’s first and wholly-black owned property management company’s that is operating on a national basis Numprop identify businesses of like-mindedness to work with and assist with equity and empowerment through B-BBEE enterprises.

More and more new company’s are emerging to take advantage of this vibrant and exciting market, competition is increasing and it is therefore imperative that each investment opportunity be thoroughly analyzed for risks and benefits.  It is also crucial that Numprop ensures proper operation of all essential building services and goes the extra mile in the provision of professional, efficient and effective support for its customers.

Long term plans are in place for the future security and development of the company and ultimately for the client base and potential partnerships and business collaborations.

 

- top -