Creating global partnerships
through innovative mining solutions
Vision and Mission
To create lasting partnerships with our clients based on mutual objectives of extracting value through efficiencies and innovation
- 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
The business model is the provision of leasing and related value-added services for passenger vehicles.
Saficon Industrial Equipment was founded in 1984 when it was awarded the distributorship for Toyota forklifts in southern Africa.
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.
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.
Leasing and Capital Equipment divisional revenue to 30 June 2007 amounts to R5.2 billion, with leasing assets of R5.0 billion.
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.
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.
Clover contract renewed for a further 10 years
Repurchased 17.3 million ordinary shares
Eqstra's capital market 55% of group liquidity
Eqstra's Industrial Equipment and Fleet Management & Logistics divisions become wholy owned subsidiaries of the enX Group.