Mkhize Mining Investment – Taking you forward
Mkhize’s Mining Investment comes with 20 years of experience in an industry that is truly the cornerstone of the South African and world economy. The company possess a number of investments in South Africa.
Our vision and philosophy rests on partnering with local communities to delivering profitable earnings, job creation and improving the standard of living in the areas in which we operate.
As a prospecting mining company we are constantly engaging investors with an interest in this ever growing market.
Led by dynamic Executive Chairman and brand champion, Muzi Mkhize, our foundation is built on strong relationships and partnering with other respected enterprises as a priority.
Our broad-based ownership demonstrates our commitment to empowerment and transformation.
Mkhize Mining Investments business interests have primarily been established from mining iron ore, chrome ore, coal and manganize.
Our experience, location and on the ground knowledge will give you an added advantage – Whether you are a prospective foreign investor or local enterprise hoping to advance your current mining industry endevours.
In addition to our 45 mining employees, diversification and growth has been our strong suit with 80 employees in yet another pioneering field – the forestry sector.
Mkhize’s Mining Investment provides a distinct advantage for investors and clients – holding coveted minerals rights from the Department of Minerals and Resources.
We also possess geology & plant equipment together with machinery that puts us above and beyond other industry players.
Mkhize Mining possesses a wealth of knowledge, experience and expertise in the mining sector. By partnering with us, local enterprises and foreign investors stand to benefit from our internal resources and the magnitude of networks we have built over the years giving any investment an added advantage. We strive to apply the best industry practices and to provide solutions that meet the needs of our clients while making our joint endeavours beneficial for all involved, our partners, ourselves and the communities that we work in.
Mine Application Process
The mining application process can be a daunting task for anyone setting out to venture into the mining industry in South Africa. We offer a service in which we will walk through this process with you from the first step through to the point at which you acquire your mining right. We also offers services that will assist you to accomplish the establishment of the mining plant itself once all legislative requirements are fulfilled.
Your Consultation with Mkhize mining will take you through the process of acquiring prospecting and mining rights which requires the following;
- Contact with the Regional Manager in whose region the land is situated
- Consultation with the Landowner
- Consultation with the legal occupier of the land
- Consultation with all other affected parties.
- Preparation of a Prospecting Work Programme with Bulk Sampling
- Preparation of a Prospecting Work Programme without Bulk Sampling
- Acquisition of the sketch plan
- Desktop Research
- The Drilling Programme
- Quantification of Rehabilitation costs
- Preparation of the Environmental Management Plan
- Community Consultation
Mining rights are granted when it can be shown that the mine can be mined optimally, there is availability of funds and expertise to conduct the proposed mining operation optimally, the financing plan is compatible with the intended mining operation an serves the duration, no unacceptable pollution or damage to the environment will occur as a result of the mining operation, provision for the prescribed social and labour plan, you are not contravening the MPRDA (2002) and the operation of the Mining Charter. Mkhize Mining will assist you in providing the necessary information to support your application.
Our goals to our client is to be a value added service provider who will go above and beyond the call of duty to deliver exemplary standards and practices. Our interests do not solely lie in mining but also in services supplying mining consumables and mining equipment to clients.
We offer practical mineral beneficiation solutions to both junior miners and corporate mining houses through the application of process design, plant design, manufacturing, construction and commission acumen. All Plants are designed in accordance to Client’s particular Metallurgical Mineralogy and Mechanical specifications or requirements. Process Plants can be designed to be modular or mobile for quick relocation to new Sites.
The Mineral Processing Plants cater for solutions to the beneficiation of the following:
- Diamond (Alluvial and Kimberlite)
- Coal Washing
- Chrome oxide
- Copper Oxide
- Cobalt Oxide
We offer and are able to source the following equipment
- Diamond Plants
- Dense medium Separation (DMS) Plants
- Scrubbers and Screens
- Coal washing plants
- Rotary Screens
- Grizzly Feeders
- Plant layouts
- Crusher Buckets
- Screening Buckets
- Quick Couplings
- Iron Separator
- Dust Suppressors
- Other mining equipment and accessories
At Mkhize Mining we aim to provide you with an end-to-end solution to your mining needs, if we do not have it, our friendly team will know where to get it.
South Africa is renowned for being a mineral treasure trove with an abundance of resources. It owns and produces a significant proportion of the world’s minerals: nearly 90 per cent of platinum metals, 80 per cent of manganese, 73 per cent of chrome, 45 per cent of vanadium and 41 per cent of gold are located in South Africa. A substantial variety of other minerals are extracted, including iron ore, copper, nickel, diamonds, coal, building materials and other non-metallic metals.
South Africa’s wealth has been built on its vast resources and mining as an industry is therefore crucial. Based on 2011 statistics, while gold export earnings have declined, contributing only 5.7 per cent to South Africa’s GDP, precious metals account for 65 per cent of the country’s mineral export earnings and 30 per cent of total goods exports. The mining industry contributed 5.2 per cent to South Africa’s GDP in 2011.
The mining industry is also South Africa’s biggest employer, with over 510,000 employees and another 400,000 employed by suppliers of goods and services to the industry. South Africa’s mining industry is probably the world’s most highly developed. With a strong background as a major mining country, its strengths include high levels of technical and production expertise, as well as comprehensive research and development activities.
The country has some of the most highly developed primary processing facilities worldwide, covering the carbon steel, stainless steel, and aluminium industries, in addition to gold and platinum. It is also a world leader of new technologies.
The discovery of the first diamond on the banks of the Orange River in 1867 was the spark that ignited the explosion of mining in South Africa. By 1886, gold and diamond rushes were quickly turning mining in South Africa into the nation’s staple economy. The South African mining industry was characterised by a sudden influx of fortune seekers; which resulted in harsh and unkind living conditions. These pioneers, while developing early South African infrastructure, were creating the basis for massive future wealth creation through mining in South Africa.
The potential for mining in South Africa, including the discovery of the world’s largest gold deposits in Witwatersrand, triggered what is now called the South African War, or Anglo-Boer War, which led to the annexation of South Africa under the British Empire from 1910 to 1961. During this time, the techniques for mining in South Africa improved: Having living canaries for gas-detectors and other dangerous labour practices became obsolete as mining in South Africa advanced to include sophisticated ventilation and, eventually, chemical extraction of minerals from low-grade ore. The growth of mining in South Africa led to a high demand for industrial support and, as a result, it shaped the South Africaneconomy and turned it into a mining country.
As a major business player in South Africa, we aim to make a real and lasting contribution to the development of the country and its people. Our employees remain our most valuable asset. The health and safety of our people is of paramount importance and we have adopted a ‘zero harm’ mindset through the application of simple, non-negotiable safety standards.
One of our great assets as an investment company are our solid relationships with local communities. We have made it our priority to ensure we uplift the socio-economic status of impoverished South Africa.
Our goals to our client is to be a value added service provider who will go above and beyond the call of duty to deliver exemplary standards and practices.
On of our great achievements has been working with Maxillaria Logistics – investors from Zimbabwe who have been benefiting greatly from our investment mediation.
At Mkhize Minging Investments our approach is to understand our clients’ individual needs and to gain insight into the strategic investment challenges they face.
We harness more sources of return to create appropriate solutions for our clients. Our holistic investment approach spans traditional and non-traditional asset classes as well as conventional and unconstrained investment styles to provide our clients with sustainable returns.
Our unique ability to source investment opportunities from within the wider FirstRand Group is offered to clients, either through an appropriate investment vehicle or as a co-investment opportunity.
We have a risk management mindset and an unwavering determination to do the right thing for investors.
In our role as investment manager and originator of investment opportunities, we construct solutions within a strategic risk framework to better meet the needs of our clients.
We believe in the importance of deeper investment insight. We focus on our clients’ needs to understand the broader context of their requirements, and draw on our breadth of capabilities and depth of knowledge to offer more access to investment propositions.
Our role as investment manager goes beyond traditional thinking and investment philosophies. We operate across the investment value chain as an originator of investment opportunities, manager of funds and solutions, and investment partner to our clients.
Our clients’ needs direct our investment thinking. We combine investment approaches, strategies and philosophies in a way that best meets these needs.
Risk management is central to our investment approach. We assess clients’ assets and liabilities when evaluating their investment objectives, risk profile and return expectations.
Sustainability of investment returns is of key importance to us, as is the sustainability of the financial industry.
Our investment professionals embrace the freedom of thought and capacity for bold and insightful action.
We source and offer more innovative investment capabilities, thinking and solutions for our clients.
We recognises the importance of being part of the local communities in which we operate.
We proudly support sporting initiatives, cultural activities, the environment, and participate in charitable fund raising.
We have fostered many stable and long term relationships with local roleplayers and have a fruitful bond with our government.
Our network of these public representative and governing officials has put us ahead of other investment companies and will keep us at the forefront for decades to come.
The Mineral and Petroleum Resources Development Act, No 28 of 2002 (MPRDA), governing mineral legislation in South Africa, came into effect on
1 May 2004. The MPRDA, with its associated broad-based socio-economic empowerment charter for the mining industry and its attendant scorecard, as revised and amended from time to time, has played a significant role in the transformation of the South African mining industry. The Act effectively transferred ownership of privately held mineral rights to the State to enable any third party to apply to the Department of Mineral Resources (DMR) for new-order prospecting rights or mining rights over these previously privately held mineral rights. Implats continues to embrace the principles of transformation as a strategic imperative to reinforce its position as a leading southern African mining company, making the best possible use of available mineral resources.
The Mineral and Petroleum Resources Development Act, No 28 of 2002 (MPRDA), governing mineral legislation in South Africa, came into effect on 1 May 2004. The MPRDA, with its associated broad-based socio-economic empowerment charter for the mining industry and its attendant scorecard, as revised and amended from time to time, has played a significant role in the transformation of the South African mining industry. The Act effectively transferred ownership of privately held mineral rights to the State to enable any third party to apply to the Department of Mineral Resources (DMR) for new-order prospecting rights or mining rights over these previously privately held mineral rights. Implats continues to embrace the principles of transformation as a strategic imperative to reinforce its position as a leading southern African mining company, making the best possible use of available mineral resources.
In June 2013, the MPRDA Amendment Bill (B15-2013) was introduced into Parliament by the Minister of Mineral Resources, following the receipt of public comments made to the draft Mineral and Petroleum Resources Development Bill, 2012, that was published in December 2012. Implats noted with concern certain far-reaching amendments contained in the proposed draft Mineral and Petroleum Resources Development Bill, 2012, and submitted written representations to the DMR as part of the public representations. However, most of these concerns have not been addressed in the MPRDA Amendment Bill (B15-2013) which was subsequently introduced to Parliament in June 2013. Implats will continue to raise these matters in the parliamentary processes available before the Bill is enacted as an act. Implats also supports the concerns that are being raised through the Chamber of Mines in respect of the MPRDA Amendment Bill (B15-2013).
We currently possess BBB-EE Level 3 Contributor and are intending to achieve Level 1 in one year.
We understand the nature of the African market and have made equality a large part of our business priority. Mkhize Mining Investments puts the people who have been disadvantaged by disparities of the past first.
Black Economic Empowerment (BEE) means the economic empowerment of all black (African, Coloured and Indian) South Africans.
As a strong focus on empowerment and believes that the commitment to transformation runs deeper than simply meeting scorecard objectives.
Mkhize Minging Investment measures its BEE contribution and progress at Group level. We proudly support and contribute to these efforts.
South Africa’s policy of black economic empowerment (BEE) is not simply a moral initiative to redress the wrongs of the past. It is a pragmatic growth strategy that aims to realise the country’s full economic potential while helping to bring the black majority into the economic mainstream.
In the decades before South Africa achieved democracy in 1994, the apartheid government systematically excluded African, Indian and coloured people from meaningful participation in the country’s economy.
“Our country requires an economy that can meet the needs of all our economic citizens – our people and their enterprises – in a sustainable manner,” the Department of Trade and Industry (DTI) says in its BEE strategy document.
“This will only be possible if our economy builds on the full potential of all persons and communities across the length and breadth of this country.”
Despite the many economic gains made in the country since 1994, the racial divide between rich and poor remains. As the DTI points out, such inequalities can have a profound effect on political stability:
“Societies characterised by entrenched gender inequality or racially or ethnically defined wealth disparities are not likely to be socially and politically stable, particularly as economic growth can easily exacerbate these inequalities.”
Black economic empowerment – or broad-based black economic empowerment, as it is technically known – is not affirmative action, although employment equity forms part of it. Nor does it aim to take wealth from one group and give it to another. It is essentially a growth strategy, targeting the South African economy’s weakest point: inequality.
“No economy can grow by excluding any part of its people, and an economy that is not growing cannot integrate all of its citizens in a meaningful way,” the DTI says.
“As such, this strategy stresses a BEE process that is associated with growth, development and enterprise development, and not merely the redistribution of existing wealth.”
Black economic empowerment is an important policy instrument aimed at broadening the economic base of the country – and through this, at stimulating further economic growth and creating employment.
A share certificate is a written document signed on behalf of a corporation, and serves as legal proof of ownership of the number of shares indicated.
Also referred to as a “stock certificate”.
In modern financial markets, individual investors rarely take physical possession of their share certificates. “Scripophily” is a term that signifies the collecting of share certificates and other forms of paper based financial securities. Similar to stamp collecting or bank note collecting, a share certificate’s value is dependent on its condition and age.
Every Company must have a Company Register and minute book. The Register is like the ID book of the company containing all the relevant information of the directors and shareholder and minutes of meetings etc. The company register which we sell have perforated blank pages so that the minutes of each meeting, which are typed on separate pages, can be pasted into the book without the book getting too large. The company register must be held at the registered address.
Important Points regarding Share Certificates:
*It is the director’s responsibility to issue the share certificates.
*The signed share certificate becomes the original certificate.
*It is fraudulent to have duplicated signed share certificates.
*The public can have access to view the share register for a set price & directors have 14 days to respond
SARS TAX CLEARANCE
SARS tax clearance certificate – What is it for?
You can apply for a Tax Clearance Certificate (TCC) to validate your status of a taxpayer. A TCC is issued free of charge and may be required for:
*Tenders – when applying for a tender or bid advertised
*Good standing – to confirm that the applicant is tax compliant
*Foreign investment allowance (FIA)
At Mkhize Mining Investments we understand the pivotal nature of acquiring this vital piece of the business enterprise and pride ourselves with its good standing and obedience of the law.
What happens in this process?
Depending on requirements the following happens:
*IT 21 (a) – Application for a Tax Clearance Certificate in respect of citizens emigrating from South Africa
*TCC-001 – Application for a Tax Clearance Certificate in respect of Tenders & Good Standing
*FIA-001 – Tax Clearance Certificate i.r.o Foreign Investment Allowance for Individuals
A TCC will only be issued by SARS where the following requirements have been met:
*The taxpayer must have registered for an Income Tax reference number prior to applying for a TCC.
*No outstanding debt for all taxes (including Secondary Tax on Companies (STC), Administrative Penalties and Employees’ Tax).
*Any deferred arrangements made are being adhered to.
*All returns and/or declarations must be up to date and in the process of being assessed by SARS.
*All tax reference numbers must be active and correct, e.g. the tax reference number must not be de-registered or suspended on the SARS system.
*The registration details on the TCC01 must correspond with the information on the SARS systems.