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Solethu Forms Mining Venture
Solethu has formed a wholly owned subsidiary called Solethu Mining to focus on Mining Opportunities throughout Africa. Solethu through its strong logistics capabilities is very well positioned to add value to Mining Entities working in logistically constrained areas and seeks to partner with them in developing their resources.
Solethu Investments
Group Structure
Solethu Investments is 95% black controlled and is 80% black owned on a flow through basis.
Solethu shareholding structure ensures that it is a black controlled empowerment entity with a sustainable black shareholding base.
Directors
Qedukwazi Ted Zulu - Chief Executive Officer |
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Ted
is the founder and major shareholder of Solethu. He has developed a
deep understanding of rail operations during his 8 year tenure at
Spoornet where he was managing the coal terminals, mining sector and
cement sector. He has used this experience in Rail and Logistics
related services to the successful development of RRL Holdings.
Through Teds rail expertise he has been heavily involved in helping
the Bridge Shipping Group to achieve its objectives of increasing
their tonnages and thus helping them achieve their growth in
profitability. |
Stephen Smithyman - CA(SA), Commercial Director |
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Stephen Smithyman has recently joined Solethu. He was previously an Investment Banker within the Standard Bank Group. Stephen spent 8 years with Standard Bank focusing on leverage finance, structuring and funding black empowerment transactions and generating new business opportunities. His role with Solethu is to help Solethu in structuring its transactions and assisting their underlying investments to reach their full potential. |
Thys Warricker - (CFA) SA Financial Director |
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Thys Warricker comes from an Auditing and Accounting background and has been involved with RRL Holdings just after inception thus giving him a good understanding of the rail business and industry. During his accounting days his clients included other players within the transport industry. |
Ethan Dube - Non Executive Director Solethu and Chief Executive Officer of Vunani Limited |
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Qualifications - MSc Statistics, Executive MBA (Sweden)
Ethan
has gained significant corporate finance and asset management
experience over the years. He worked for Southern Asset Managers for
three years as a Senior Analyst and for Standard Chartered and
Merchant Bank for two years in the Corporate Finance departments. In
1996 Ethan founded Infinity Asset Management with three other
partners and in 1998 he started Vunani Limited, an investment banking
company where he is the current Chief Executive Officer. |
