Saki Macozoma’s Safika Holdings to pocket about R4.4bn in Exxaro’s manganese buyout
Ntsimbintle will distribute proceeds from Exxaro’s manganese buyout, with Macozoma-linked Safika positioned for roughly R4.4bn before taxes and final adjustments.
Saki Macozoma
South African businessman Saki Macozoma says $723 million Exxaro deal proves BEE can build lasting mining value
Saki Macozoma says a R11.67bn manganese sale to Exxaro shows black economic empowerment can create lasting value despite years of public criticism.
Saki Macozoma sells manganese assets to Exxaro in $638 million deal
The transaction was executed through his investment company, Ntsimbintle Holdings, in partnership with Singapore-based OM Holdings.
Mondi to acquire Schumacher packaging assets in $682-million deal, expanding European presence
The addition of Schumacher’s assets will increase Mondi’s capacity to produce fiber-based products, offering more sustainable alternatives to plastic packaging.
South African tycoon Saki Macozoma-linked Mondi drops $6.2-billion bid for UK firm
Mondi Plc has announced its withdrawal from the £5-billion ($6.2 billion) bid to acquire DS Smith, a UK-based paper, packaging, and recycling group.
10 companies linked to South African businessman Saki Macozoma
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
South African tycoon Saki Macozoma owns $125-million mining fortune
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
South African businessman Saki Macozoma joins Mondi Plc as non-executive director
The South African businessman is expected to join the multinational packaging and paper group’s audit and nominations committees.