Coal, Courage & Change: The Rise of Exxaro

R380.00 Inc.VAT

Coal, Courage & Change: The Rise of Exxaro by Nokuthula Mazibuko Msimang & Ntsika Msimang follows the journey of Eyesizwe and Exxaro. Who was behind the formation of Eyesizwe in 2003, and what was their mission when embarking on this uncharted and uncertain path to wealth creation? The book traces milestones within volatile global markets. Founded on the eve of the 2008 global recession, Exxaro’s story reveals how then-CEO Sipho Nkosi navigated uncertainty both locally and globally.

Who is the man behind one of the most elegant and robust mergers in democratic South Africa? What about his associates: Zweli Mntambo, Mandla Mchunu, Kholu Motsoeneng, Daphne Mashile-Nkosi, and Mxolisi Mgojo? Where were they trained in the art and business of mining? Did major clashes and disagreements ever threaten to collapse the deals before they were made?

The complex bid process that led to unbundling Anglo and Ingwe Coal’s assets in 2003 is recounted against a backdrop of multiple BEE (Black Economic Empowerment) deals—some successful, others stalled. The Exxaro story is inextricably linked with the broader history of South African mining, from the late 19th-century boom to the present. Exxaro’s disruptive entry into this competitive and difficult market is examined in depth.