Propelling potential

Zungu Investments holds a 25% equity interest in Seriti, an 89% black-owned organisation. Seriti was formed to acquire thermal coal assets from Anglo American plc, which currently supplies 23% of Eskom’s thermal coal requirements. The company intends to acquire additional mining assets in South Africa and abroad.

Gold One, primarily a Chinese state-owned investment enterprise, developed and operates the Modder East gold mine in Springs, South Africa. This mine began commercial production in 2009 and is a shallow, high-grade operation with promising life extension projects.

Once granted by the Department of Mineral Resources, Scinta concluded an R187 million transaction to acquire the Davel mining right from South32. The Davel Right is estimated to contain over 400 million tons of export and Eskom-grade coal. Once operational, the Davel Mine is anticipated to sustain over 50 years, producing at least 5 million tons of saleable product annually.

Inani specialises in commercial property investments. It focuses on maximising property potential through active management and strategic growth strategies. A recent consortium acquisition of a R1.8 billion office portfolio underscores its commitment to transforming properties into thriving businesses.

Zungu Investments purchased an office park at 386 Main Road, Bryanston, now serving as the new headquarters for Zungu Investments and some of its proprietary companies.

Lanseria International Airport is South Africa’s only privately owned international airport. Zungu Investments joined forces with other investors, through Harith InfraCo, to acquire the Pan African Infrastructure Development Fund’s 37.5% stake in Lanseria. The airport is set to expand its services.

RN3 is a European real estate private equity firm domiciled in Luxembourg with offices in London, United Kingdom. Zungu Investments has concluded an investment directly into RN3 and the ICON prime logistics park. The ICON logistics hub, which is over 92,000m² in size, is in Manchester Airport, the busiest airport outside London.

Seriti is a broad-based, 91% black-owned and controlled South African energy company underpinned by coal. It operates six large-scale, opencast, and underground thermal coal mines, predominately supplying Eskom power stations. It is developing the New Largo mine in stages to provide additional coal supplies to Seriti’s various coal markets.

Anergi Holding Group is a leading African power producer. The company owns energy generation assets in Ghana, Kenya, Nigeria and South Africa. It owns South Africa’s Kelvin Power Station, the country’s only privately owned coal-fired power station. Through its assets, the Anergi Holding Group produces 1,518 MW of thermal and renewable energy for more than 30 million customers across five African countries.

Dis-Chem, South Africa’s premier destination for health and wellness needs, is renowned for its exceptional customer service, wide product variety, and Everyday Low Price (EDLP) strategy. It is a trusted pharmacy chain that prioritises affordability and accessibility, making quality healthcare products available to all.

Based in Pietermaritzburg, KwaZulu-Natal, Shuter & Shooter develops educational materials for the Southern African market. Their products include textbooks, teacher guides, literature works, and supplementary readers in various indigenous languages.

AmaZulu Football Club is a South African professional soccer club based in Durban that plays in the Premier Soccer League, the first-tier South African football league system. On 2 October 2020, it was announced that Sandile Zungu had purchased AmaZulu from Patrick Sokhela. From the outset, the new ownership laid out a 12-year plan that would see the club climb in stock and standing within South African football.

Crazy Bets operates four bookmakers stores in Gauteng, providing job opportunities for approximately 60 individuals.

Since 1999, Vital has established itself in the Nigerian foods and beverages market. Initially distributing pharmaceutical products, Vital has expanded into manufacturing high-quality fruit juices, non-alcoholic beverages, and processed tomatoes. The company has invested substantially in fruit and vegetable processing, aiming to lower the cost of goods and deliver new food preservation methods.

Community Investment Venture Holdings (CIVH) is active in the telecommunications and information technology sectors. It owns fibre infrastructure companies, Vumatel and Dark Fibre Africa (DFA); Internet of Things network operator, Sigfox South Africa; and full-service optical fibre company, Britelink MCT. CIVH also owns Maziv, a company established specifically to hold its fibre assets from DFA and Vumatel, South Africa’s largest fibre-to-the-home operator.

KLT is an American and European Private Equity Fund domiciled in Luxembourg. With offices in Cape Town and London, KLT’s largest assets are in the United States. These assets include Fibre and Data Centres.

Co-owned by Vasari Global, Dashen Brewery is the third-largest brewery in Ethiopia. The company is a major player in the rapidly growing Ethiopian beer market. The R400m investment into Vasari will enable Zungu Investments to share in the good growth that the spirits and beer market is experiencing.

Co-owned by Vasari Global, Rorank is a leading Ethiopian alcoholic spirits company. It specializes in distilling alcoholic beverages such as vodka, gin, cognac and other alcoholic spirits. As the Ethiopian government continues with its plans to achieve middle-income status, Rorank is poised to become a top player within Ethiopia’s significantly underserved spirits and beverages market.