Sakhumnotho Group Holdings
was founded in late 2000 by a group of four black professionals with experience and expertise in financial services, legal services, merchant and investment banking. The company initially focused on corporate advisory services and consulting, focusing mainly on structuring black empowerment transactions, valuations, due diligence, capital raising and documentation.
Since the establishment of the company, it has expanded its business to focus on financial services, mining, properties and strategic investments.
Sakhumnotho Group Holdings is 87% owned by previously disadvantaged individuals. The Sakhumnotho Group's Non-Executive Chairman is Mr. Sipho Mseleku, the current Chief Executive Officer of ASCCI (the Association of SADC Chambers of Commerce and Industry). Sipho was the first CEO of the Chambers of Commerce and Industry South Africa ("CHAMSA"). Sipho was also the Chief Coordinator for the establishment of the Continental Chamber of Commerce and Industry. Through these positions Mr. Mseleku has developed an extensive network with senior business executives and government officials throughout the African continent. He was also instrumental in the negotiations with large parastatals and local banks to put aside 50% of their procurement spend to BEE companies, currently the value of which exceeds R20Bln.
Sakhumnotho has thus far exclusively been funded by its active shareholders. Due to a conservative approach towards debt funding, a very lean and mean head office structure was created.
As part of the Sakhumnotho Group's commitment to broad-based economic empowerment, it has placed 10% of its equity in a trust to benefit schools, children's homes and churches in previously disadvantaged communities. Each beneficiary is represented by a principal or reverent as trustee, Sakhumnotho is also represented here to ensure that the benefits reach the beneficiaries on the ground. Sakhumnotho has signed Memorandums of Understanding with various Black Economic Empowered Companies to further enhance the broad based empowerment profile of the group in certain large investment transactions. A similar arrangement was put in place between itself and businessmen of the Democratic Republic of Congo to increase the Group's footprint on the African continent. It is the Boards intention to further create strategic alliances throughout the continent as we believe in President Mbeki's vision that this is the African century.
Sakhumnotho Group Holdings aims to become a leading, credible and trusted black economic empowerment company that will add value to all its shareholders, partners, employees and the community. The company aims to play an important and significant role in advancing black economic empowerment through the creation of a sustainable and competitive group of companies.
The Groups' long term focus is Africa as it believes and is committed to the current International African development initiative. Sakhumnotho aims to involve all its stakeholders on this African development path.
The following extract from Mr. Sipho Mseleku's keynote address at the launch of MEDU Capital, embodies the Sakhumnotho Group's business philosophy.
"Empowerment is not about taking from the white business and giving to black business but is about expanding the playing field and bring about new shareholders with new ideas, values, networks and resources so as to increase the productivity and profitability of the enterprise. Empowerment is about creating wealth for all involved in the enterprise both black and white. Let us work together both black and white business to transform the economy of this country and make Black Economic Empowerment a reality. As socially responsible corporate citizens let us ensure that we create an environment where the economy grows and develops, where jobs are created, where poverty is alleviated and where the future and security of our children is guaranteed."
Sakhumnotho Group Holdings aims to be a leading, credible and trusted black economic empowerment company that will add value to all its shareholders, partners, employees and the community. The company is playing an important and significant role in advancing black economic empowerment through the creation of a sustainable and competitive group of companies. The Groups' long term focus is Africa as it believes and is committed to the current International African development initiative. Sakhumnotho aims to involve all its stakeholders on this African development path. Sakhumnotho Group Holding's mission is to identify investment opportunities with both strong short-term revenue generation and long-term capital appreciation.
Within the divisions listed above the Group is creating centers of excellence using its networks throughout the continent and the synergies of the various companies that it has invested in which will unlock added value and a more productive use of resources. The Group has investments in the following sectors:
• Specialised Water purification
• Commodity trading, special focus on Africa
• Environmental and agricultural services
• Electronic Security surveillance
• Procurement solutions
• Services related to education and training
• Document and electronic storage solutions
• Property management and development
Specialised pumps
