Black Wall Street District Peoria

Black Wall Street District Peoria

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An organization concentrating on economical, educational, political and spiritual growth of the Bl

10/23/2024
The Incredible True Story Of The Royal Bafokeng Nation

The Royal Bafokeng Nation has built an impressive wealth portfolio through smart management of their natural resources and strategic investments. Here’s a breakdown of their success:

Mining Royalties and Investments:
- Their wealth stems largely from platinum mining on their lands, with significant royalties from companies like Impala Platinum (Implats).
- They receive a 22% royalty on all platinum mined and own a stake in Implats that had grown to over $50 million by 2001.
- Annual mining royalties total approximately $63 million.

Royal Bafokeng Holdings (RBH):
- RBH is their investment arm with total assets of around $4 billion and a net asset value (NAV) of R49 billion ($2.6 billion).
- It is widely regarded as one of Africa’s most progressive community investment models.

Diverse Investment Portfolio:
- RBH holds stakes in financial services, including 3% in FirstRand, 14.15% in OUTsurance, and 3.52% in Discovery.
- Other investments include Ethos Mid-Market, Transaction Capital, and manufacturing companies.

Social Development Investments:
- A portion of their wealth goes to community projects, like the Royal Bafokeng Stadium, Kgosi Leruo High-Performance Centre, and the Royal Bafokeng Institute for education.
- They also support Lebone II College, an independent school.

Despite these successes, some in the community express concerns, noting that unemployment remains above 30%, and not all members feel they benefit directly from the nation’s wealth. 10/10/2024

The Incredible True Story Of The Royal Bafokeng Nation The Royal Bafokeng Nation has built an impressive wealth portfolio through smart management of their natural resources and strategic investments. Here’s a breakdown of their success: Mining Royalties and Investments: - Their wealth stems largely from platinum mining on their lands, with significant royalties from companies like Impala Platinum (Implats). - They receive a 22% royalty on all platinum mined and own a stake in Implats that had grown to over $50 million by 2001. - Annual mining royalties total approximately $63 million. Royal Bafokeng Holdings (RBH): - RBH is their investment arm with total assets of around $4 billion and a net asset value (NAV) of R49 billion ($2.6 billion). - It is widely regarded as one of Africa’s most progressive community investment models. Diverse Investment Portfolio: - RBH holds stakes in financial services, including 3% in FirstRand, 14.15% in OUTsurance, and 3.52% in Discovery. - Other investments include Ethos Mid-Market, Transaction Capital, and manufacturing companies. Social Development Investments: - A portion of their wealth goes to community projects, like the Royal Bafokeng Stadium, Kgosi Leruo High-Performance Centre, and the Royal Bafokeng Institute for education. - They also support Lebone II College, an independent school. Despite these successes, some in the community express concerns, noting that unemployment remains above 30%, and not all members feel they benefit directly from the nation’s wealth.

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Location

Address


P. O. Box 3026
Peoria, IL
61604