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SSC Group acquires controlling interest in Lesedi Drilling & Mining Contracting Company

The SSC Group is pleased to announce the acquisition of the controlling interest in Lesedi Drilling & Mining Contracting Company and its subsidiaries.

This marks a significant milestone and enhances SSC Group’s commitment to advance black economic empowerment and transformation. With this strategic acquisition, Lesedi Drilling has become 100% black-owned, reaffirming our dedication to fostering inclusive growth and creating sustainable opportunities within the mining industry.

Reflecting on 30 Years of Democracy

SSC Group's resilience for nearly two decades as a 100% black-owned and majority black women-owned company.

Since leaving Anglo-Platinum 19 years ago, where he was Head of Transformation, for the world of entrepreneurship, Fred Arendse has sought to instill transformation as an inherent part of his group of companies.

He formed and started the SSC Group from his pension payout in 2005 and has made sure that the company embodied and embraced transformation in sync with South Africa’s Constitution and democratic goals of true broad based black economic empowerment (B-BBEE).

Lily Mine – a win for truth and justice says SSC Group

In a win for truth and justice, a court judgment handed down by the Mpumalanga High Court of South Africa, on 31 May 2021, ruled that the behavior and actions of the Lily and Barbrook Mines’ business rescue practitioners (BRPs), towards the businesses under rescue and the affected parties, were unlawful and irresponsible.

The Lily and Barbrook Mines have been inoperative, since the tragic collapse of the Lily Mine crown pillar in 2016 that led to three mine workers being trapped underground in a container.

SSC Group claims legal victory with high court ruling on business rescue of Lily, Barbrook mines

SSC Group, a bidder and creditor for the Lily and Barbrook mines in Barberton, which both remain under business rescue, says “truth and justice” have been won with a court judgment that was handed down by the Mpumalanga High Court on May 31, which it says found that the behaviour and actions of the involved business rescue practitioners (BRPs) were “unlawful and irresponsible”.

The Lily and Barbrook mines have been shut following a collapse of the Lily mine in February 2016 with trapped…

Lily mine is reopening its doors

The much publicised Lily gold mine in Barberton, closed since a pillar collapse in February 2016, will soon reopen its doors which a new owner who has major aspirations for the mine and the rest of the assets previous owner Vantage Goldfields held.

The Siyakhula Sonke Empowerment Corporation (SSC Group), held a media briefing today to introduce themselves as the new owners of Vantage Goldfields and to provide an overview of the Vantage Goldfields operations.

SSC Group and Lily Mine heads to court

The court application by Siyakhula Sonke Empowerment Corporation Silver and its subsidiary, Flaming Silver Trading 373, collectively known as the SSC Group, to have Vantage Goldfields South Africa (VGSA) transfer the shares of the mines, will be heard at the Mpumalanga High Court today.

New business rescue plan proposed as Lily, Barbrook mines dispute continues

JOHANNESBURG ( – Vantage Goldfields Limited (VGL) and Siyakhula Sonke Empowerment Corporation (SSC) representative Fred Arendse on June 23 proposed amended business rescue plans for the Lily gold mine, in Mpumalanga.

The Lily and Barbrook mines have been the subject of a dispute after the operations were placed under business rescue after the Lily mine collapsed in February 2016, killing three mineworkers who were trapped in a container underground.

Community remains divided over the reopening of Lily and Barbrook mines

According to the former Lily mineworkers’ spokesperson, Harry Nhlanhla Mazibuko, the many failed attempts to reopen the mine in the past have left its former employees with no confidence in McChesney’s statement.

Controversy continues to surround Vantage Goldfields’ CEO Mike McChesney’s announcement that Lily and Barbrook mines would be reopened by the second half of this year.

Arqomanzi obstructed in bid to buy gold mines

Australian mining company Vantage Goldfields (VGO) has thrown a curve ball and frustrated the hopes of reopening two gold mines in Mpumalanga by a company in the forefront of acquiring the business.

VGO owns Lily and Barbrook mines in Louisville near Barberton. The mines have been under business rescue since they were shut down in 2016 following the collapse of an entrance to Lily mine that buried three workers underground.