Mvelaphanda Group (JSE : MVG) is a company in South Africa, listed on the Johannesburg Stock Exchange (JSE), that was founded by Tokyo Sexwale, a compatriot of Nelson Mandela. The group was formed in 2003/4 by the merger of Mvelaphanda Holdings and Rebserve. Mvelaphanda Holdings is active in the fields of financial services, healthcare, mining, general industry and real property.
Mvela Holdings is the controlling shareholder of Mvelaphanda Group Ltd and has a significant interest in JSE-listed Mvelaphanda Resources Ltd. It has other substantial privately held interests in the mining, energy, real estate and various other industrial sectors in South Africa and Africa. [1] The chief executive of the company is Mark Willcox. [2] In January 2012, Mvelaphanda Holdings, OZ Management (a subsidiary of Och-Ziff Capital Management Group) and Palladino Holdings announced the creation of a joint venture called Africa Management Limited, which will also see the creation of African Global Capital, a platform through which to invest in public and private markets across Africa. This platform will focus primarily on natural resources. [1]
Mvelaphanda has been the subject of scrutiny due to its involvement with Palladino Holdings in a USD25 million loan to start up a state mining company. The terms of the loan stated that in the event of default, the lender could receive payment in kind to the value of the loan, up to 30% in state mining assets.
Mosima Gabriel "Tokyo" Sexwale is a South African businessman, politician, anti-apartheid activist, and former political prisoner. Sexwale was imprisoned on Robben Island for his anti-apartheid activities, alongside figures such as Nelson Mandela. After the 1994 general election—the first fully democratic election in South Africa—Sexwale became the Premier of Gauteng Province. He served in the government of South Africa as Minister of Human Settlements from 2009 to 2013.
JSE Limited is the oldest existing and largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 472 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of 31 December 2013, the market capitalisation of the JSE was at US$1,007 billion.
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It was a major producer of coal, copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. It had operations in 19 countries across Africa, Asia, Australasia, Europe, North America and South America.
Nedbank Group is one of the largest financial services groups in Africa offering wholesale and retail banking services as well as insurance, asset management and wealth management solutions through its frontline clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and the Rest of Africa. Nedbank Limited is a wholly owned subsidiary of Nedbank Group.
Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.
Absa Group Limited, formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is an African based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. It is the majority shareholder of 11 banks spanning Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia, with a further two representative offices in Namibia and Nigeria. It also has an international office in London, which opened in September 2018.
ZCCM Investments Holdings is a successor company to Zambia Consolidated Copper Mines Limited, of Zambia.
Eurasian Natural Resources Corporation PLC (ENRC) is a private, Kazakhstan/Central African-focused, multinational leading diversified natural resources company headquartered in London, United Kingdom. It has activities in integrated mining, processing, energy, logistics and marketing.
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Kumba Iron Ore is an iron-ore mining company in South Africa. It is the fourth largest iron-ore producer in the world and the largest in Africa.
FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
Dan Gertler is an Israeli billionaire businessman in natural resources and the founder and President of the DGI Group of Companies. He has diamond and copper mining interests in the Democratic Republic of the Congo (DRC) and has invested in iron ore, gold, cobalt, oil, agriculture, and banking. He may also hold citizenship of that country. As of 2015 his fortune was estimated at $1.26 billion by Forbes.
Heirs Holdings (HH) is a family owned investment company committed to improving lives and transforming Africa with a portfolio spanning the financial services, power, oil & gas, real estate & hospitality and healthcare. Its operations are rooted in the economic philosophy of Africapitalism which proposes private sector-led long-term investment in Africa by Africans. It carries out philanthropic work through The Tony Elumelu Foundation, named after its Founder and Chairman of the group. It is the major shareholder in the Transcorp conglomerate.
Olaf Walter Hennig is a discreet South African businessman based in London. He is known for his involvement in the Black Economic Empowerment programme and his experience in the mining industry.
Safika Holdings (PTY) Limited www.safika.co.za is a South African investment holding company headed by Nelson Mandela's fellow political prisoners Sakumzi 'Saki' Macozoma and Moss Ngoasheng. The company was founded in 1995.
Camrose Resources Limited (Camrose) was a company owned by Dan Gertler, an Israeli businessman, the founder and President of the DGI Group of Companies. Camrose's other assets included a "64% stake in Canada listed Africo Resources which held a 75% interest in the Kalukundi Mine's exploitation licence as well as a 56% indirect interest in Comide Sprl, which held the exploitation licence for Mashitu, Pangalume and Kii tenements."
Alexander Forbes Group Holdings, commonly referred to as Alexander Forbes is headquartered in Johannesburg, South Africa, with a presence in six other countries on the African continent: Namibia, Botswana, Zambia, Uganda, Nigeria and Zimbabwe and in the Channel Islands through our offshore Jersey operation.
Distell Group Limited, commonly referred to as Distell, is a multinational brewing and beverage company, based in South Africa.
Rand Merchant InvestmentHoldings, also referred to as RMI Holdings, is a listed financial services investment holding company that holds a diversified portfolio of premier insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.
RMB Holdings Limited (RMBH), previously known as Rand Merchant Bank Holdings, is a South African diversified financial services holding company.
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