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Mineworkers Investment Company Press Office
The Mineworkers Investment Company (MIC) is a 100% black owned broad-based investment holding company that was established by the Mineworkers Investment Trust (MIT) to provide ongoing funding for the Trust's social and educational projects.
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Livestock Wealth has become the latest growth equity investment through the Mineworkers Investment Company's (MIC) Khulisani Ventures initiative. MIC Khulisani Ventures is geared towards unlocking the high-growth potential of scalable, innovative, Black-owned businesses. MIC has been making its mark by driving innovation and rendering support to black-owned businesses of South Africa. The founder of the MIC Khulisani Ventures initiative has now added Livestock Wealth to its venture capital programme and further diversified its investment portfolio in the process. 23 Sep 2022 Read more

R150m venture capital investment applications now open through Mineworkers Investment Company, Khulisani Ventures
Mineworkers Investment Company (MIC) announced the launch of the second window of applications for investment through their R150m Venture Capital initiative, MIC Khulisani Ventures. High growth potential, innovative, black-owned businesses with ambitions of bringing innovative products or services to a bigger market are encouraged to apply. 20 Jul 2022 Read more

Advice from the 'Shark Tank': Sharp advice for business start-ups on attracting venture capital investment
In July 2021, Mineworkers Investment Company (MIC) launched MIC Khulisani Ventures, a R150m early-stage investment vehicle targeting Black-owned innovative, high growth potential businesses in South Africa. Having received over 700 applications, with 141 of those meeting the vetting criteria, MIC ultimately narrowed down the applications to a list of top ten finalists, who were invited to pitch their funding request to a panel of business experts. With the first two investees now successfully funded through MIC Khulisani Ventures, Thato Ntseare offers some advice for other aspirant start-ups on how to set up your start-up business for success in attracting investors. 20 Jun 2022 Read more

Mineworkers Investment Company's Khulisani Ventures concludes first allocation of R43,5m to Kelo and Rentoza
In July 2021 Mineworkers Investment Company (MIC) launched MIC Khulisani Ventures, a R150m early-stage investment vehicle targeting black-owned innovative, high growth businesses in South Africa. This investment initiative targeted high-growth potential companies across all sectors barring primary agriculture and primary extractive industries. 11 May 2022 Read more

Early-stage investing: An opportunity for institutional investors to propel high-growth potential entities into the stratosphere
The announcement earlier this year of MIC's commitment to Knife Capital's African Series B Expansion Fund has spurred interesting conversations about the dynamics between institutional investors and venture capital. Some of the discussions interrogate the path from a viable idea to potential third-party investment, whether this is through private market capital pools or public capital markets. An interesting theme is the potential role that institutional investor can play to facilitate this path and reduce barriers. But what would that honestly mean for institutional investors given their penchant for understandably more risk-averse, later stage investing? 12 Nov 2021 Read more