Saki Macozoma’s Safika Holdings is set to receive approximately R4.4 billion from Exxaro Resources’ R11.67 billion acquisition of Ntsimbintle’s manganese portfolio.
The deal, expected to be completed in early 2026, will see Ntsimbintle distribute the bulk of the proceeds to its shareholders, including Safika Resources, which holds a 39.66% stake.
Macozoma, a veteran South African businessman, has long advocated for empowerment structures that deliver real value to communities, saying the goal is to put value “in the hands of owners”.
The transaction highlights manganese’s growing importance in the energy transition, with Exxaro positioning the buy as a strategic shift towards energy transition metals.
Ntsimbintle’s shareholder register includes community upliftment groups, women-empowerment entities, and entrepreneurial investors, making this a significant moment for South Africa’s empowerment landscape.
