Trust raises R400 million for miners

NUM conference

NUM conference

by MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – THE Mineworkers Investment Trust (MIT) said it had raised more than R400 million in the past 20 years to empower its members.

Officials disclosed the figures ahead of an event to celebrate the company’s 20th anniversary milestone.

MIT and the National Union of Mineworkers (NUM) are celebrating the successes and achievements of MIT over the years.

“Since the trust’s inception, over R400-million has been raised to improve the lives of its members and provide them with education, enabling them to improve their circumstances in the long term,” says MIT Chief Operating Officer, Simphiwe Nanise.

A gala dinner is scheduled for Johannesburg on Thursday evening to celebrate MIT’s anniversary.

In celebration of this significant milestone in the history of the MIT, the NUM will award its highest honour of Kgao ya Bahale to former President, Kgalema Motlanthe, for his lifetime achievement.

Motlanthe and James Motlatsi, the NUM founding President, were centrally involved in setting up the Mineworkers Investment Company in 1995. NUM established a Mineworkers Investment Trust (MIT) of which Motlanthe was one of the first Directors as general secretary of NUM.

– CAJ News

 

 

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Posted by on Jun 4 2015. Filed under Construction, Finance, Finance & Banking, Investing, Investing, Mining, Mining & Engineering. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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