We want to give local businesses opportunities – just as Glencore did us
| Date: 17/08/2021
Witbank-based mining and engineering service provider TauSadi has a unique story to tell. It’s run by Silindokuhle Sithole and Molebogeng Mogashoa, two former Glencore employees who met while completing their Master of Business Administration degrees at the Gordon Institute of Business Science in 2015. After realising how closely their visions were aligned, they set about using their knowledge and expertise to build a business of their own.
“When we started TauSadi, we thought that our extensive corporate experience would make our new venture easy,” says Silindokuhle. “But we’d set our sights high. We wanted to play in the core mining and mineral processing space, an area that is notoriously capital intensive, and our clients wanted to know if our balance sheet was strong enough. Of course, in the beginning, this was quite a challenge.”
But towards the end of 2018, TauSadi was awarded a contract with Glencore that changed its direction entirely. “The enterprise and supplier development team made an opportunity available for a business of our size to assist with core activities. This made it easy for us to compete – and win,” Silindokuhle explains.
The project involved top soil loading, hauling and placement at Glencore Coal’s Tweefontein Opencast operation. Although the contract was initially six months long, Glencore has since extended it to three years, and has also employed TauSadi to conduct mine rehabilitation work at Zaaiwater. “This work has given us the opportunity to prove ourselves, to build up our balance sheet and our reputation in the market,” says Molebogeng.
TauSadi employs about 52 people on fixed-term contracts, almost all of whom are hired from local communities. “Our suppliers are local too,” Molebogeng adds. “We want to give local businesses opportunities – just as Glencore did us. And we want to do what we can to help alleviate some of the economic challenges our country faces.”
TauSadi has always been crystal clear in its vision: “From the start, we’ve behaved like a big corporate, putting all the steps in place to build a world-class company,” says Silindokuhle. And with its recent approval of a R55 million financing opportunity, TauSadi is well on its way. “For a company of our size to receive this sort of asset finance is incredible,” she adds. “It’s indicative of our credibility and is testament to the role that Glencore has played in empowering us.”
Looking ahead, Silindokuhle and Molebogeng have even bigger plans. They want to diversify into other commodities and, ultimately, build a TauSadi mine. Watch this space.