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MIT Background …
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MIT
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established in 1995 by NUM | |
| MIT | mining – energy – construction | |
| MIC | established by MIT in 1995 | R3million as seed capital from NUM to drive BEE |
| MIC assets | over R10billion | |
| MIC awarded | BusinessMap Top Unlisted BEE Company, 2006 | Barloworld / WBS Top BEE Deal (Peermont), 2006 |
| MIC | disbursesd over R122,5 million into MIT | to fund social development programmes |
| June2008 – MIC | disbursed additional R245million to MIT | invested into MIT annuity fund providing solid secure cash flows for next 5 years |
| MIT | represents over 1 million people across SA | |
| MIT’s projects focus on: | poverty alleviation, local economic development, enterprise development and job creation | |
| MIT delivers on this mandate through | the Minworkers Development Agency (MDA), the JB Marks Education Trust Fund and Elijah Barayi Memorial Training Centre (EBMTC) | |
mining – energy – construction
