Mineworkers Investment Company

Mineworkers Investment Company, founded in 1995 and based in Johannesburg, South Africa, is a private equity firm that focuses on investing in long-term cash-generative assets. The firm targets a diverse range of sectors, including industrial products, financial services, media, information technology, and education. Through its strategic investments, Mineworkers Investment aims to support the growth and development of companies within these industries.

Nchaupe Khaole

Chief Investment Officer

Past deals in South Africa

Pineapple

Series B in 2023
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.

Metrofile Group

Post in 2017
Metrofile is a South African company specializing in records and information management. It offers a comprehensive range of services including records storage and management, which encompasses the backup and protection of both active and inactive documents, images, and data in various formats. The company's operations are divided into several segments, with the primary revenue source coming from its secure storage services. Additionally, Metrofile provides digital services and business support services. Its geographic focus includes operations in South Africa, the rest of Africa, and the Middle East, making it a key player in the data management sector within these regions.

Multiknit

Private Equity Round in 2015
Multiknit is a manufacturer and supplier based in White River, South Africa, specializing in knitted synthetic fabrics and bags. The company primarily serves the agricultural sector by providing shade netting fabrics and fruit and vegetable bags. These products are made by converting raw polyethylene into durable knitted plastic fabrics, which are customizable to meet the specific requirements of clients. Multiknit caters to various industries, including agriculture, construction, mining, and leisure, ensuring that their offerings are strong and reliable for diverse applications.

FirstRand Bank

Post in 2014
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.

Westcon SA

Private Equity Round in 2013
Westcon Southern Africa Holdings Proprietary Limited is a distributor of technology and converged communications solutions, serving enterprise, small and medium-sized businesses, and consumer markets in South Africa and the SADC region. Established in 1995 and based in Johannesburg, the company specializes in a wide range of products and services, including Cisco networking, collaboration, security, and data center solutions. Its offerings encompass various communications solutions such as voice, networking, mobility, and storage, as well as consumer products like software, networking equipment, mobility devices, and gaming accessories. Additionally, Westcon provides auto-identification and electronic security solutions, cloud services, and both pre- and post-sales technical consulting. The company also supports its clients with logistics services, sales assistance, and incentive programs.

Westcon SA

Venture Round in 2010
Westcon Southern Africa Holdings Proprietary Limited is a distributor of technology and converged communications solutions, serving enterprise, small and medium-sized businesses, and consumer markets in South Africa and the SADC region. Established in 1995 and based in Johannesburg, the company specializes in a wide range of products and services, including Cisco networking, collaboration, security, and data center solutions. Its offerings encompass various communications solutions such as voice, networking, mobility, and storage, as well as consumer products like software, networking equipment, mobility devices, and gaming accessories. Additionally, Westcon provides auto-identification and electronic security solutions, cloud services, and both pre- and post-sales technical consulting. The company also supports its clients with logistics services, sales assistance, and incentive programs.

GE South Africa Technologies

Private Equity Round in 2008
GE South Africa Technologies (Pty) Ltd. is a manufacturer of locomotives based in Johannesburg, South Africa, founded in 2008. The company specializes in producing rail freight locomotives and offers a range of products including modernization kits, replacement parts, and signaling equipment. In addition to its core locomotive manufacturing, GE South Africa Technologies provides mining propulsion solutions and focuses on delivering state-of-the-art diesel locomotives designed for energy efficiency. Through its operations, the company aims to contribute to the social and economic transformation of South Africa.

Peermont Global

Acquisition in 2007
Peermont Global is a prominent operator of gaming and hospitality businesses in South Africa, Botswana, and Malawi. The company owns nine casino resorts, including its flagship Emperors Palace, alongside three standalone hotels and one standalone casino. Peermont's establishments provide a diverse array of hospitality and gaming services, allowing guests to enjoy fine dining, spa treatments, and various casino games and sporting activities. Through its extensive portfolio, Peermont aims to create comprehensive entertainment experiences for its visitors.

Tracker Connect

Private Equity Round in 2001
Tracker Connect specializes in vehicle safety solutions, focusing primarily on vehicle tracking and stolen vehicle recovery services in South Africa. The company offers a comprehensive suite of products that includes fleet management and telematics services, utilizing RF and GSM-GPS networks. By providing these services, Tracker Connect enables manufacturers, dealers, insurers, fleet operators, and consumers to recover stolen vehicles, combat crime, and monitor the performance of corporate drivers. Through its innovative technology, Tracker Connect plays a crucial role in enhancing vehicle safety and security for its clients.
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