The SIOC Community
Development Trust owns three per cent Sishen Iron Ore Company Party
Limited. Other companies in the area will be expected to comply with the 2018 Mining Charter when they renew or cede their mining rights. The Board of Trustees is comprised of a number of members. We have listed the names from Nelson Mosiapoa, Vusi Malie, Cynthia Mogodi, Conny Molusi, Derek Van Staden, Willem Heerden, Schaba Sithole, Amanda Dippennar, Apheous Pole, Yvonne Mfolo and the Trust gets audited by an independent auditor on an annual basis. So, every year you get audited financial statement of the Trust and the Trust is involved in many activities in the Kuruman Kathu, Postmasburg area and broader Northern Cape. As of today, the Trust is worth R6 billion net asset value and it's among others owned a 30% stake in SA Airlink. When you get into a plane SA Airlink, you must know that 30% belongs to the Trust, which is worth R400 million and the Khathu Solar Park. So, it's an active Trust that is not waiting for dividends, it is also involved in many other activities to improve its capacity.