At the age of 26, Noma Nibe, who hails from Port Elizabeth, owns a sizeable chunk of Steloy Castings in Ekandustria outside Bronkhorstspruit, Mpumalanga..
The multi-million rand foundry company manufactures and supplies a full range of stainless steel, super alloyed and carbon steel components to markets as diverse as pump and valve manufacturers, as well as the petrochemical, chemical, glass, cement, rolling stock, and power generation industries.
Until three years ago, she was a human resources manager after she was recruited by Slabbert who had been impressed by her work while she still was still with a consultancy company doing work for Steloy.
“Danie was coaching me in the foundry industry and one of the things I focused on was to transform the then 100% white-owned company and ensure it meets its BEE requirements and skills development,” she says.
“It was around this time that I noticed an opportunity when Transnet and other rail contracts started coming through.
“I immediately approached Danie offering to buy shares in Steloy but he laughed it off, probably thinking how can a 23-year-old buy shares which were worth millions of rands. After looking around, the (Industrial Development Corporation) came on board with funding.”…
More on Nibe: Economics reshaped | City Press
The following two tabs change content below.