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....


702 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 702 community a safe and welcoming space for all.

702 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.

702 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
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?