Shanduka's top performing SME Modi Mining and how its managed to stay afloat

Modi Mining was the overall winner at this week's Shanduka Black Umbrellas National Enterprise Developments Awards.

The company was founded by Sam and Christina Molefi, and provides services to the mining sector.

Modi Mining has a long-term aim of transferring some of its ownership to its employees.

Sam speaks on the success of the business and some of the challenges in the mining sector.

Financing growth, when you grow you need to finance growth especially with capital intensive projects where you need to buy equipment.

Sam Molefi, founder of Modi Mining

We are fortunate that we are a member of the Shanduka Black Umbrellas which is acting as our mentors and advisers. It is a good thing because you have someone to advise you on compliance, putting a proper business plan in place.....

Sam Molefi, founder of Modi Mining

Molefi explains how they have managed to stay afloat despite difficulties in the sector.

What normally works and keeps companies afloat is best efficiency. Like as a contractor we insist on getting best efficiencies in terms of safety, productivity and cost. By managing those sustainable you become the preferred supplier. We try to make sure we do those properly and have been doing so for the past 5 years.

Sam Molefi, founder of Modi Mining

The company has employed about 294 people and plans to grow the team.

SMME's are key to creating jobs and stimulating the economy.

Sam Molefi, founder of Modi Mining

Click on the link below to listen to the full audio....


This article first appeared on 702 : Shanduka's top performing SME Modi Mining and how its managed to stay afloat


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
 ‘Mining Charter is populism on steroids'

‘Mining Charter is populism on steroids'

The Money Show’s Bruce Whitfield interviews Chamber of Mines CEO Roger Baxter.

President Zuma: "Leaked emails indicate how transparent South Africa is"

President Zuma: "Leaked emails indicate how transparent South Africa is"

President Zuma says he doesn't know how authentic the #GuptaLeak emails are but insists an inquiry will lay the matter to rest.

"Transformation is non-negotiable but we must mitigate against negative impact"

"Transformation is non-negotiable but we must mitigate against negative impact"

Zizi Kodwa was part of the ANC delegation that met with the Chamber of Mines on Tuesday over the new controversial mining charter.

Zwane, a Gupta deployee who occasionally moonlights as Mining Minister: Brown

Zwane, a Gupta deployee who occasionally moonlights as Mining Minister: Brown

Political analyst Karima Brown also discusses Public Protector Busiswe Mkhwebane "working outside of her responsibilities".

Chamber of mines says new Mining Charter "improperly negotiated"

Chamber of mines says new Mining Charter "improperly negotiated"

The Chamber of Mines has met with an African National Congress (ANC) delegation to discuss its concerns around the Mining Charter.

Popular articles
Military coup feared after Zim army chief demands a stop to Mugabe regime purge

Military coup feared after Zim army chief demands a stop to Mugabe regime purge

Zimbabwe's army chief Constantino Chiwenga has demanded a "stop" to the purge in President Robert Mugabe's ruling Zanu-PF.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.

Employers better think twice before booting out an older staffer

Employers better think twice before booting out an older staffer

Doris Viljoen says SA should regard older people as valuable contributors in the advancement of our economy.

Zuma denies state capture, describes it as a fake political tool

Zuma denies state capture, describes it as a fake political tool

On Monday night, President Zuma sat down for an hour long interview on ANN7.