Creating global partnerships
through innovative mining solutions

Vision and Mission

Vision

To create lasting partnerships with our clients based on mutual objectives of extracting value through efficiencies and innovation

Mission

  • Constantly strive to improve uptime on machines
  • To enhance our client proposition
    • achieve better alignment of interests
    • broaden our service offering
    • being positioned to drive innovation in an industry on the cusp of change
  • Consolidate contract mining space to drive efficiencies
  • Uncompromising commitment to safety

History

The eXtract Group was launched November 2016, formerly known as Eqstra Holdings Limited.

1972

The contract mining and services division, MCC, in the group, is an established operation and leader in its respective industry. MCC was established in March 1972

1984

Hertz Leasing is established as a joint venture between Imperial and Nedfin Bank.
The business model is the provision of leasing and related value-added services for passenger vehicles.

1988

Imperial acquires the remaining shareholding in Hertz Leasing, and changes its name to Prime Car Leasing.

1993

Prime Car Leasing becomes the first company to introduce proactive managed maintenance in South Africa.

1995

Imperial purchases a controlling stake in Saficon Industrial Equipment, a division of Saficon Motor Holdings.
Saficon Industrial Equipment was founded in 1984 when it was awarded the distributorship for Toyota forklifts in southern Africa.

1996

Prime Car Leasing pioneers an accident management product in South Africa.

1997

Prime Car Leasing is renamed Imperial Fleet Services.

1998

Imperial Fleet Services revenue to 30 June 1998 amounts to R202 million with leasing assets of R402 million.

1999

Imperial Fleet Services is awarded the first South African national government outsourced leasing contract and the total outsource of the government of Lesotho's fleet.

2000

Saficon Industrial Equipment is merged with Imperial Fleet Services and the Leasing and Capital Equipment division of Imperial is formed.
Impact Handling, a forklift dealer in the United Kingdom, is acquired. Divisional revenue to 30 June 2000 amounts to R480 million with leasing assets of R716 million.

2004

Acquisition of the Clover SA transport business.

2005

Acquisition of a 50.1% stake in the MCC group. Nozala Investments (Pty) Ltd acquires 10%, funded by Imperial as part of its empowerment programme.
MCC Plant Hire was established in 1972, and MCC Contracts was awarded its first open cast mining contract in the platinum sector in 1985.
Leasing and Capital Equipment divisional revenue to 30 June 2005 amounts to R2.6 billion with leasing assets of R3.0 billion.

2006

Acquisition of 100% of Terex Africa from Terex Inc. (USA).

2007

Awarded distribution rights for New Holland Construction equipment from CNH International.
Leasing and Capital Equipment divisional revenue to 30 June 2007 amounts to R5.2 billion, with leasing assets of R5.0 billion.

2008

Eqstra lists on the main board of the JSE in the General Industrials sector.
MCC minority shareholders swap their interests in the MCC group for shares in the soon to be listed Eqstra Holdings, formerly the Leasing and Capital Equipment division of Imperial. Eqstra reports revenue of R7.5 billion, profit before taxation of R692 million, leasing assets of R6.5 billion and pro-forma headline earnings of 159 cents per share in its maiden results as a listed company.
The group employs 6 121 people.
Establishment of technical training and operator training academies, with 217 apprentices in training.

2009

Contract Mining and Plant Rental awarded first coal contract.

2010

Contract Mining and Plant Rental and the Construction and Mining Equipment Distributorships affected by the global financial crisis.
To ensure balance sheet robustness Eqstra undertakes a rights issue of R650 million at 420 cents per share.
MCC is awarded contracts for the Benga coal project in Mozambique.
This enables the division to increase its diversification into the coal mining sector.
The Industrial Equipment Division becomes the regional distributor of CAT Lift Trucks for the UK and Ireland.

2011

Eqstra reports a robust recovery in earnings and declares a maiden dividend of 25 cents per share.

2012

Repurchased 15.8 million "A" deferred ordinary shares and 9 million ordinary shares

2013

Sold Eqstra Mining Services
Clover contract renewed for a further 10 years
Repurchased 17.3 million ordinary shares

2014

Scaling down mining exposure to a balanced risk profile
Eqstra's capital market 55% of group liquidity

2015

Implementing revised 2020 strategy, this involves the business becoming asset light and added-value services orientated.

2016

Eqstra Holdings Limited is unbundled and rebranded the eXtract Group Limited.
Eqstra's Industrial Equipment and Fleet Management & Logistics divisions become wholy owned subsidiaries of the enX Group.