COO Review
The Trust focuses on Poverty alleviation, bursaries, training, research on emerging polices and contemporary issues, local economic development, enterprise development and job creation in labour-sending areas and in locally based disadvantaged communities.
We achieved this through implementing partners, all nonprofit organisations namely; the Mineworkers Development Agency (MDA), the JB Marks Education Trust Fund (JBM), the Sam Tambani Research Institute (SATRI) and the Elijah Barayi Memorial Training Centre (EBMTC).
We have managed to create about 200 000 livelihoods through the MDA programmes since inception.
About us
Simphiwe Nanise
Chief Operating Officer (COO)
MIT Overall goals
- To ensure sustainable income generating vehicles.
- To ensure sound governance across the MIT system
- To ensure sound funds disbursement management
- To ensure sound NUM Member service
- To ensure excellence across the MIT system
What We Do?
Mandela Day
MIT and it's related entities engage on an annual basis in the annual Nelson Mandela Day activities to support needy communities. To date, we have supported several communities in Carletonville in the Gauteng province, Rustenburg in the North West province, Belfast in Mpumalanga, Port Elizabeth in the Eastern Cape, Nyanga in the Western Cape, and Free state.
Disbursement
The trust has disbursed over R650 000 000 to its beneficiaries since inception. We are very happy with the performance of our beneficiary organisations. We have produced more than 1000 graduates through our bursary scheme under JB Marks. We have managed to create about 200 000 livelihoods through the MDA programmes since inception.
Financial Stability
The financial stability of the trust remains steady and we are grateful to the MIC and FRET for the sustained dividends that we receive from them.We have been appointed by NUM to be the beneficiary of the Rand Mutual Assurance, we anticipate receiving more dividends from them.
Implementing Agencies
The Sam Tambani Research Institute is a Public Benefit Non-profit Company registered in 2012
The JB Marks Education Trust Fund was established by the National Union of Mineworkers (NUM) in 1997 to address the need to empower NUM members and their children or dependents, particularly those graduates entering the mining, energy and construction sector.
Business Entities
Mineworkers Investment Company (MIC)
The Mineworkers Investment Company (MIC) is a 100% Black-owned Investment Company established in 1995 by the Mineworkers Investment Trust (MIT) to create a sustainable asset base for the benefit of mine, energy and construction workers, their dependents and the communities..
NUMPROP
NUMPROP was established through The Mineworkers Investment Trust in order to extend its investment footprint through investment into property. The property market in particular lent itself to new horizons where access to ownership, funding and investment had eluded some and now offered advancement and development to many.
