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....

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