ShapeShifter

Tiny firm aims to be a billion rand behemoth employing unskilled South Africans

Lesco Manufacturing

The products they [Lesco] are producing can compete effectively with anything that comes from anywhere in the world, including China.

Sipho Nkosi

I’m South African. South Africa is the only country I have. I can’t emigrate…

Sipho Nkosi

Exxaro’s former CEO Sipho Nkosi (with Akhona Group CEO Noluthando Gosa) is buying 33% of family-owned switches and plugs manufacturer Lesco Manufacturing.

Nkosi’s vision?

To turn that small company into a JSE-listed R1 billion company that’ll provide jobs for disabled and unskilled people, within the next five years.

Our country has an abundance of unskilled labour. We need to invest in companies that can absorb this labour pool.

Sipho Nkosi

The investment will enable Lesco Manufacturing to expand into the rest of the Continent.

Ray White (in for Bruce Whitfield on The Money Show) interviewed Nkosi for the weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I am retired. I truly am! But I do serve in a number of capacities… I’m Chairman of Lesco, an exciting small business…

Sipho Nkosi

My dad found ways to get us to school, even though he never went.

Sipho Nkosi

When you recognise your shortcomings and you’re prepared to deal with them, you become a better person.

Sipho Nkosi

What would it take for the mining industry to rise again?

Sipho Nkosi

Seven months ago we all felt lost… There is hope… The Mining Charter has brought in calmness… How do we ensure that the document comes to life?

Sipho Nkosi

I’m excited [about Ramaphosa’s stimulus package]! South Africa doesn’t have any money… in order for us to survive, we have to rearrange our resources…

Sipho Nkosi

I would love commitment at the job summit… For South Africa to create a more unified strategy…

Sipho Nkosi

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