Salungano invests in companies that achieve superior returns underpinned by environmental, social and governance pillars to generate growth for stakeholders and dividends for shareholders.
Salungano Group is committed to a just energy transition, evolving into a diversified investment group underpinned by ESG as we responsibly mine our current coal resources.
We are navigating the demands of the sector while looking at how we can unlock regenerative value, with a 360 degree perspective.
Mission
Vision
To be a leading, black-owned, and black-led diversified investment group that adds transformational value to society.
Values
Accountability
Accountability to our staff, our investors and stakeholders drives our business.
Integrity
Principles and actions that are underpinned by honesty and ethical behaviour are integral to how we do business.
Dynamism
We focus on our strategic evolution with high energy & vigour.
Fair-mindedness
We take a just approach to our strategic evolution as we seek solutions that will be sustainable, create decent work and social inclusion.
Innovation
We are continually seeking new opportunities that will add value to our people, the communities we operate in and our shareholders.
Board of Directors
MSc – Rhodes University, PhD – University of Natal
He is a member of the Board and Chairperson of the Social and Ethics Committee. Humphrey is a qualified geologist who is currently the CEO of Tranter Resources (Pty) Ltd. Previously he was the CEO of Scinta South Africa (Pty) Ltd, a coal resources company; the Executive General Manager of Corporate Services at Exxaro Resources Limited; and, prior to that, COO and Executive Director of Eyesizwe Coal (Pty) Ltd, where he was in charge of the Eyesizwe coal mines and growth opportunities.
He has worked in the mining industry all his life, and has in excess of 36 years’ experience. Among others, he worked as a Senior Geologist for Shell South Africa Minerals Division in southern Africa. While at Shell, he was part of the team that discovered the Goldridge gold deposit in the North West province of South Africa. He was the Project Manager and Chief Geologist for West Rand Consolidated Mines Limited where he was involved in the development and mining of the Kalahari Goldridge Mine. He was also the Chief Exploration Geologist for Harmony Gold Exploration involved in the exploration of various greenstone belts in southern Africa and Peru, South America. He had a stint as lecturer at the Geology Department of the University of Zululand, and was a finalist of Boss of the Year in 2008.
Master of Management (Public and Development Management) – University of the Witwatersrand, BJuris – University of the North
Robinson is a former Director-General of the Department of Public Service and Administration and a former advisor to various ministers of parliament. He has been involved in the mining sector for more than 10 years and sits on the boards of various listed and non-listed companies.
BCom Financial Accounting, BCompt – University of Pretoria, Hons/Certificate in the Theory of Accounting – University of KwaZulu-Natal, Graduate Diploma in Mining Engineering –University of the Witwatersrand
She is an Independent Director and Chairperson of the Audit and Risk Committee. Kabela is a qualified chartered accountant with more than 13 years’ experience in the corporate financial environment. She has held Management positions in various sectors and was the Chairman of Interactive Intelligence South Africa. She is Chairman of KEW ICT Outsourcing and serves on several other boards including Limpopo Economic Development Agency (LEDA) and Corridor Mining Resources.
He previously held the post of Executive Director – Business Development at the company. He holds a (BSC Chemical Engineering (UCT), MDP (Unisa)
Thivha is a chemical Engineer with operational, process design and project management experience in the mineral processing industry spanning over 12 years. He has proven ability to manage multi-disciplinary projects and mining production operations while holding Senior Management positions (as Plant manager, Operations Manager and Works Manager) with Xstrata Alloys (Glencore Alloys). He has extensive experience in minerals projects development, mineral processing, plant design, and plant construction. He was General Manager of United Manganese of Kalahari (UMK); an operation consisting of opencast mine with a processing plant.
Analytical Chemistry (DIPLOMA) M.Setlogelo-Technikon- Pretoria/MDP (UNISA). CPIR (Certificate Programme in Industrial Relations) WITS is a non-executive independent director.
He is a former banker and has an indirect shareholding in Wescoal. Eric is an entrepreneur with business experience dating back to 1981. He has qualifications in Analytical Chemistry and Industrial Relations.
B Compt. UNISA, MBL UNISA, Post-Graduate Diploma in Taxation, Advance Diploma in Management Accounting (CIMA) is a non-executive independent director. He has an accounting background with audit and tax skills, with diverse business, board and provincial government experience, dating back to 1989. He is currently CEO of Simeka Capital Holdings and has qualifications in commerce, tax and business administration.
Mzi holds an Executive MBA from the University of Cape Town and has 35 years of experience in the media industry. He previously served as non-executive
director at Brand South Africa and South African Airways. He chaired the human resources, remuneration and social and ethics committee at Brand South Africa and the ad hoc committee on stakeholders and communications at South African Airways. He was Group CEO of Arena Holdings until August 2023, an executive director and publisher at UMA Media until 2021 and a director and previous chairperson of the D Group. He is currently the director of Raoha Afrika Proprietary Limited and owns two Postnet Franchises in Johannesburg. Earlier in his career, he held senior editorial positions at, amongst others, Business Day, Financial Mail and the Sowetan.
Sinesipho is a chartered accountant with more than a decade of post-qualification experience, primarily gained in the financial services sector. Her expertise includes corporate and project financial advisory services, development finance, principal investments, project development, private equity and asset management. She is the Operational Due Diligence Manager: Stanlib Multi-Manager and INN8 Invest. Some of her previous positions include commercial credit manager at FirstRand Group, post-investment associate at the National Empowerment Fund, corporate finance and principal investment analyst at Tamela Holdings, executive associate at Lebashe Investment Group and senior associate at Cresco Group.
Themba is a chartered accountant with extensive experience in internal and external audit, financial accounting, corporate governance and risk management, who has served on various boards and board committees of several entities in the private and public sectors. His previous managerial and leadership roles include, amongst others, audit manager at Deloitte, projects manager at Standard Bank, founding partner of KMMT (which merged with KPMG in 2000), audit and risk committee chairperson and membership roles at the Wholesale and Retail Sector Education and Training Authority, SRHR Trust and the South African Qualifications Authority and chairperson of the remuneration committee of Royal Energy Proprietary Limited.
Executive Management
Master of Management (Public and Development Management) – University of the Witwatersrand, BJuris – University of the North
Robinson is a former Director-General of the Department of Public Service and Administration and a former advisor to various ministers of parliament. He has been involved in the mining sector for more than 10 years and sits on the boards of various listed and non-listed companies.
BCom Financial Accounting, BCompt – University of Pretoria, Hons/Certificate in the Theory of Accounting – University of KwaZulu-Natal, Graduate Diploma in Mining Engineering –University of the Witwatersrand
She is an Independent Director and Chairperson of the Audit and Risk Committee. Kabela is a qualified chartered accountant with more than 13 years’ experience in the corporate financial environment. She has held Management positions in various sectors and was the Chairman of Interactive Intelligence South Africa. She is Chairman of KEW ICT Outsourcing and serves on several other boards including Limpopo Economic Development Agency (LEDA) and Corridor Mining Resources.
He previously held the post of Executive Director – Business Development at the company. He holds a (BSC Chemical Engineering (UCT), MDP (Unisa)
Thivha is a chemical Engineer with operational, process design and project management experience in the mineral processing industry spanning over 12 years. He has proven ability to manage multi-disciplinary projects and mining production operations while holding Senior Management positions (as Plant manager, Operations Manager and Works Manager) with Xstrata Alloys (Glencore Alloys). He has extensive experience in minerals projects development, mineral processing, plant design, and plant construction. He was General Manager of United Manganese of Kalahari (UMK); an operation consisting of opencast mine with a processing plant.
Freddy Ndou holds a BA in Communication Science from the University of South Africa, a National Higher Diploma (T4) in Electrical Engineering from Technikon Witwatersrand (now University of Johannesburg). He has completed an Advanced Management Programme from Harvard Business School, a Global Executive Development Programme from Gordon Institute of Business Science (GIBS) and the Graduate Programme in Utility Management from Samford Business School.
He is a seasoned Corporate Executive with specialisation in strategy and planning with more than 25 years in the energy industry. He has experience in both General Management, Strategy Development, Corporate Planning and Project and Programme management with extensive experience in product development and commercialisation. His engineering background rounds off his balanced profile. Freddy has been a Divisional Executive – Strategy Support at Eskom Holdings with a primary responsibility of leading and developing the Eskom Strategy, Corporate Plan, Shareholder Compact and development of company mandates; and for ensuring alignment of subsidiaries and all divisions to Eskom strategy and plan until December 2018.
Our Business
Strategy
Salungano Group has been and will remain substantially invested in coal. However, it will be a reducing component of our investment portfolio as we mine the reserves at our existing coal mines.
