Investment Company MIC Khulisani Launches USD 9 Mn Fund

The Mineworkers Investment Company (MIC), a 100% Black-owned Investment Company established by the Mineworkers Investment Trust (MIT), intends to invest R150 million (USD 9 Mn) in new black-owned enterprises. MIC Khulisani Ventures will now offer up to R30 million (USD 1.79 Mn) in prize money to successful applicants. Except for primary agriculture and primary extractive industries, all sectors will be considered.