What Masimong Group Holdings does

Masimong Group Holdings Proprietary Limited is a privately held, majority black-owned and controlled investment holding company incorporated in South Africa, founded in 2013 by Mike Teke (Chairman and controlling shareholder) and Doug Gain (co-founding member). The company pursues long-term equity investments across four pillars of the South African economy—mining, agriculture, financial services, and industrial—with a stated emphasis on empowerment, diversification, and stable yield generation through strategically aligned partnerships and active value addition to portfolio companies.

Its underlying portfolio spans coal mining via a 25% stake in Seriti Resource Holdings (which operates six thermal coal mines supplying ~24Mtpa to Eskom, representing ~32% of Eskom's annual coal needs and ~23% of South Africa's electricity generation), agriculture via 47.6% of InteliChem Group (now part of WinField United South Africa), 18.1% of Mouton Holdings (citrus and Rooibos), 15% of Southern Cross Investment Holdings (table grapes and dates), a majority stake in agricultural inputs through the WinField United platform, financial services via a major stake in Anchor Group (R64.9bn AUM prior to delisting) and Anchor Stockbrokers, and industrial holdings in Chemfin (specialty chemicals), ARB Holdings (electrical distribution), KWV (wine and spirits), and Halewood International SA (beverages). The company also owns the Masimong Foundation (established 2018), a non-profit focused on education and community skills development.

Masimong's revenue model is that of a holding company: it generates returns primarily through dividends, capital appreciation, and fees from its portfolio companies rather than direct product sales. The headquarters is in Johannesburg, with 11-50 employees at the holding level, and the investment portfolio is operated through governance, strategic direction, and partnership management rather than operational control. The leadership transition in 2022 from founder-led management to Logamal Ramiah (CA(SA), CFO(SA)) as CEO marks a professionalization of the holding entity, while maintaining the founding empowerment mandate through Employee Trust equity participation and a 100% black management team.

Name

Masimong Group Holdings

Legal name

Masimong Group Holdings Proprietary Limited

Website

https://masimong.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Masimong Group Holdings is a privately held, majority black-owned South African investment holding company that takes long-term equity stakes across mining, agriculture, financial services, and industrial sectors. It serves as a strategic investor and empowerment partner to portfolio companies including Seriti Resources, Anchor Group, and WinField United South Africa.

Ownership category

akta.pro rank

Product category

Investment Holding Company

NAICS

Management of Companies and Enterprises (551), Miscellaneous Financial Investment Activities (523999)

SIC

Investors, Nec (6799)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Investment holding company
• Private equity investments
• Empowerment investing
• Mining and agriculture
• Wealth management services

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels4 records

Core offering

Masimong Group Holdings is a majority black-owned and controlled private investment holding company that acquires and actively manages equity stakes in established businesses across mining, agriculture, financial services, and industrial sectors of the South African economy. Its portfolio includes a 25% stake in Seriti Resource Holdings (coal mining), a 47.6% stake in InteliChem Group (agricultural inputs), a major stake in Anchor Group (R64.9bn AUM wealth and asset management), and holdings in Mouton Holdings, Southern Cross Investment Holdings, WinField United South Africa, ARB Holdings, Halewood International SA, Chemfin, and KWV.

Product overview

Masimong Group Holdings is a diversified, majority black-owned and controlled investment holding company established in 2013. Rather than a single unified product, the company operates a portfolio of investments across four key sectors: Mining (Seriti Resource Holdings, Masimong Energy), Agriculture (Southern Cross Investment Holdings, Mouton Holdings, WinField United South Africa), Financial Services (Anchor Group, Anchor Stockbrokers), and Industrial (ARB Holdings, Halewood International SA, Chemfin, KWV). The company also operates the Masimong Foundation for social development. Each investment represents a distinct business holding within the portfolio, managed with a focus on empowerment, growth, and value creation.

Differentiator

Problem solved

Functional benefit

Products and services

• Seriti Resource Holdings A broad-based, 90% black-owned and controlled South African coal mining company that operates six large-scale opencast and underground thermal coal mines (New Vaal, New Denmark, Kriel, Khutala, Klipspruit, and Middelburg Mining Services) and supplies approximately 24Mtpa of thermal coal to Eskom's Lethabo, Tutuka, and Kriel power stations, generating around 23% of South Africa's electricity.
• Anchor Group One of South Africa's leading providers of wealth and asset management services, both locally and globally, offering a broad range of local and global investment solutions for individuals, financial advisors, and institutions with R64.9bn in assets under management.
• WinField United South Africa Specialised focused and complementary business portfolio providing South African growers with a complete crop solution for a large variety of crops, complementing the whole food supply chain.
• Mouton Holdings Leading producer-packer-exporter of quality citrus varieties and Rooibos tea with global alliances and partnerships.
• Southern Cross Investment Holdings Producer and exporter of table grapes as well as Medjool and Zamli dates located in the Northern Cape region of South Africa.
• ARB Holdings Distributor of electrical and lighting products to the mining, industrial, construction, parastatal, retail, and domestic markets across South and southern Africa, holding exclusive rights to distribute various leading international electrical products into the SADC region.
• Halewood International SA Manufacturer, importer and distributor of an array of alcoholic and non-alcoholic beverages, including Belgravia Gin, Red Square, and Caribbean Twist brands.
• KWV South African wine and spirits producer recognized globally for pioneering efforts in the world of wine, with award-winning brands including Roodeberg, The Mentors, KWV Brandy, Laborie, Cathedral Cellar, Classic Collection, Cruxland, Imagin, and Wild Africa Cream.
• Chemfin (CJP Chemicals, Ferro South Africa, NCS Resins) Holding entity combining CJP Chemicals (imports and supplies raw materials), Ferro South Africa (manufacturer of porcelain enamels, glaze frits, prepared glazes, composites, zircon opacifiers, plastic masterbatches, and VEDOC thermosetting powder coatings), and NCS Resins (development and supply of innovative technology for composites, architectural, industrial, vehicle refinish, construction, adhesives, textiles, detergents, and graphic arts markets).
• Masimong Energy (Lephahale Coal and Power Project) A large-scale, green-fields thermal coal and power project situated in the Waterberg region of South Africa.
• Anchor Stockbrokers South African stockbroker registered as a member of the Johannesburg Stock Exchange, providing equity brokerage services and research into sectors of comparative advantage.
• Masimong Foundation Non-profit organisation established in 2018 that aims to uplift the community, empower and inspire the youth of South Africa through education, development programmes, and community initiatives.
• InteliChem Group Stellenbosch-based provider of crop solutions to the agricultural industry, including crop protection, plant nutrition, seeds, and consultation services, subsequently merged into WinField United South Africa in March 2021.

Quantifiable outcome

• Seriti supplies 32% of Eskom's annual coal requirements
• +3 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Community Investment Holdings (CIH)coreStrategic or Co-development PartnerCIH is one of four anchor shareholders in Seriti Resource Holdings alongside Masimong, Zungu Investments (Zico), and Thebe Investment Corporation.
• Zungu Investments (Zico)coreStrategic or Co-development PartnerZico is one of four anchor shareholders in Seriti Resource Holdings alongside Masimong, Community Investment Holdings (CIH), and Thebe Investment Corporation.
• Thebe Investment CorporationcoreStrategic or Co-development PartnerThebe is one of four anchor shareholders in Seriti Resource Holdings alongside Masimong, Community Investment Holdings (CIH), and Zungu Investments (Zico).

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Remgro: JSE-listed diversified investment holding group with significant interests in financial services, healthcare, consumer, infrastructure, and industrial sectors. Comparable as a large, established SA multi-sector holding vehicle with a similar long-term, value-creation philosophy — though far larger and not empowerment-led.
• Hosken Consolidated Investments (HCI): Large, JSE-listed diversified South African investment holding company covering gaming, media, mining, and consumer businesses via controlling stakes. Comparable as a much larger, listed multi-sector SA holding vehicle, but operates at a substantially larger scale and is not empowerment-led.

Direct peers

• Phatisa: Pan-African private equity fund manager investing across food, consumer, and industrial value chains. Comparable as a co-investment partner with Masimong on the Rolfes transaction and as a fellow empowerment-aligned equity investor in the South African industrial and consumer sectors.
• Sabvest Limited: JSE-listed investment holding group focused on long-term strategic investments and capital partnering. Comparable as Masimong director Chris Seabrooke serves as Sabvest's CEO, and the two vehicles have co-invested (e.g., in Rolfes) on similar SA industrials and financials.
• Thebe Investment Corporation: Diversified black-owned South African investment company operating across mining, energy, industrial, and consumer sectors. Directly comparable because it co-controls Seriti alongside Masimong (and CIH/Zico) and runs a similar empowerment-led, multi-sector holding strategy targeting critical South African industries.
• Zungu Investments (Zico): Black-owned South African investment holding company with exposure to mining, industrial, and financial assets. Highly comparable as the fourth anchor shareholder in Seriti alongside Masimong, CIH, and Thebe.
• Community Investment Holdings (CIH): Black-owned and controlled South African investment company with diversified holdings in mining, infrastructure, and other sectors. Highly comparable as a direct co-investor with Masimong in the Seriti anchor-shareholder consortium, pursuing the same B-BBEE-driven multi-asset strategy.

Regional players

• Sephaku Holdings: JSE-listed South African holding company with material exposure to mining and industrial cement/aggregates assets. Comparable as a listed SA holding vehicle with mining/industrial concentration, though smaller and single-sector focused versus Masimong's diversified structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/masimong-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Masimong Group Holdings