THEBE INVESTMENT CORPORATION (PTY) LTD
Investments in Johannesburg

To fully appreciate the essence of Thebe, we have to begin at its origins and foundation to identify some of its key birthmarks that, taken together with other foundation stones that were laid at its inception, tell us who Thebe is, its reason for being, how it came about and some of the principles accompanied by moral obligations that underlie the foundation and operations of Thebe, which continue to shape its identity and character. The first stream is an integrated energy and resources business that focuses on various energy products (oil, chemicals, gas, power, water and energy commodities). Our businesses range from exploration and production/manufacturing to distribution. The second stream is a portfolio of businesses that constitute the services industry. This business stream comprises financial solutions, logistics services and media platforms. It creates content that seeks to meet the needs of the emerging middle class and businesses. The third stream consists of a range of community development and transformation services that we offer to local communities at no cost to them. These contribute to the improvement of the social and enterprise ecology of local communities, and to transforming lives. Although the company was established by some of the ANC’s most powerful leaders, with the aim of empowering previously disenfranchised individuals and communities, its mandate was very clear from the start: TIC was, and still is, in the business of business and not in the business of politics. Thebe Investment Corporation is a combination of legacy, sound business, community building and a focus on Africa. We use the core values set by our founding fathers to build a strong company that uses sound business principles and good financial results to transform lives and make a difference in our communities, both internally and externally. What’s more are our impeccable credentials in terms of the Codes of Good Practice based on its BBBEE content, and that we have consistently achieved a healthy balance sheet and good returns to all our shareholders. We are led by a highly skilled and experienced leadership team with the entrepreneurial ability to start businesses from the ground up, growing them into fully-operational and profitable businesses. Thebe has a diverse leadership team of qualified, dedicated and passionate individuals. Each of these individuals on the Executive Committee, the Board of Directors and our Shareholders is passionate about transformation, working towards making profits but more importantly serving the communities in which we conduct our business. Confidence in Thebe as a strategic investment partner of choice is emphasised by the backing of leading South African and international groups. The Batho Batho Trust, set up in 1992 to support the efforts of historically disadvantaged South Africans, holds 47.5% of the equity. The result is a thriving investment management corporation that drives a sustainable business and delivers shareholder value. Thebe Services houses Thebe’s service-oriented investments in one portfolio, ranging from financial to tourism services, as well as energy (petroleum services) and media. It has significant direct investments in prime assets and services in the tourism and allied industries aimed at offering world-class, innovative and authentically African experiences. Thebe Energy & Resources takes advantage of the fact that significant resource and energy infrastructure development has to still take place within Africa. This pillar holds both upstream (exploration and production) assets such as coal mine and gas field developments, as well as downstream assets such as South Africa’s largest oil refinery and fuel distribution network. The Energy & Resources Division is further geared to monetise and maximise the value of its producing and infrastructure assets across the value chain. The success of our renewable power business is testament to the fact that Africa can compete with the best in the world in this sector.