Investee Stories

As at June 2013, the NEF had approved over R5.05 billion for black-empowered enterprises countrywide, in various economic sectors. 

Below is a sample of these investments:


Finesse Energy (Pty) Ltd (R15 million)

Project summary

 

Finesse Energy (Pty) Ltd is an existing business in Zebediela, Limpopo that specialises in the supply of fuel. It holds a fuel wholesale licence from Department of Minerals and Energy (DME). Finesse Energy is 100% blackowned, including founding members Mr Malose Leolo and Mr Gerald Seloana who jointly hold 85% of the business. The balance (15%) is owned by Mr Martin Phoshoko.

Finesse Energy has been operational since 2010. The company services smaller private businesses in Limpopo. With the approval of its EIA (Environmental Impact Assessment), Finesse Energy plans to erect a diesel depot in Zebediela.

 

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