Investee Stories

As at March 2012, the NEF had approved over R3 billion for black-empowered enterprises countrywide, in various economic sectors.  

Below is a sample of these investments:

R45 million for mining contracting company in Limpopo

LA Crushers (Pty) Ltd is a mining contracting company based in Phalaborwa, with operations in Limpopo.

Having operated for more than 20 years, their client base includes blue chip companies like Phalaborwa Mining and Foskor. LAC’s Head Office is in Phalaborwa, and the company employs some 500 personnel. 

The NEF’s R45 million investment was to enable the acquisition of a 46% by a BEE Consortium, including the surrounding communities, as well as for the business’ working capital requirements.

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