Meet our Stakeholders



The Mineworkers Investment Trust (MIT)


www.mit.org.za





The Mineworkers Investment Trust (MIT) was established in 1995 by the NUM as a wealth-creating entity to assist retrenched workers in the mining, energy and construction industries.

The formation of the Mineworkers Investment Company (MIC) by MIT in the same year has been critical to the success of the Trust, providing it with endowments of R368 million since inception.

MIC was formed by some high-calibre NUM members with a vision for sustainability – the investment company has enabled MIT to make meaningful contributions to the upliftment of its beneficiaries.

For the last 21 years, MIT has aimed to add socio-economic value through implementing business incubation, enterprise development projects, education and skills development. As history has shown, the MIT has achieved this with equanimity and supports these worthy beneficiary organisations:

 

  • Mineworkers Development Agency (MDA)
  • JB Marks Education Trust Fund
  • Elijah Barayi Memorial Training Centre (EBMTC)
  • Sam Tambani Research Institute (SATRI)

 

SATRI is a new addition to the organisation; it is a research arm that focuses its research on issues such as living wages and the effect that minimum wage has in the lives of people in the mining community. Other issues include mine closures and its implications.

Through its various arms, MIT enables communities to enjoy self-sustainability and prosperity. By empowering communities, multiple benefits are delivered, which in turn maximises employment opportunities.