The Mineworker’s Investment Company (MIC) is a 100% broad based BEE investment company established in 1995 by the Mineworker’s Investment Trust (MIT) to create a sustainable asset base for the benefit of mine, energy and construction workers and their dependents.
Since inception, the MIC has disbursed over R368 million directly to MIT, which has in turn advanced the money to fund its social development programmes in the areas of education and micro-enterprise development. MIC has total assets under management control of over R10 billion and was awarded the BusinessMap Top Unlisted BEE Company of the year in 2006, and the Barloworld/Wits Business School Top BEE Deal (Peermont) in 2008.
Our vision is “to be a premium active BBBEE partner”.
Our purpose is to:
The values that drive us are:
Our mission statement is:
MIC investment portfolio grows by 22% to R2.8bn
The Mineworkers Investment Company (MIC) today (18 July, 2012) announced a 22% rise in the net asset value of its portfolio to R2.8 billion (2011: R2.3 billion) for the year to the end of February.
MIC realises cash and remains strategic partner in Tracker
Mineworkers Investment Company (MIC) today 3 October 2011 announced that it has consolidated its position in Tracker, South Africa’s largest vehicle recovery company and a strategic asset in its R2.2 billion portfolio.
Upbeat MIC reports 50% rise in portfolio value
The Mineworkers Investment Company (MIC) today, 30 June 2011 reported an increase of more than 80% in the value of its investment portfolio. Its annual review for the 12 months to the end of February 2011 ascribes the rise, from R1,2 billion to R2,2 billion, to new investments and capital growth following the JSE’s robust recovery.