The Tsiko Africa Group was established in 2016 with the vision of building a significant diversified black owned and managed industrial and services business.
This vision was borne out of a number of critical elements that is currently driving the South African economy:
- the lack of large black owned and controlled industrial and services businesses in the South African Economy;
- the South African Government’s drive, via the Black Industrialist Policy and Programme, to increase the number of black owned entities in the market; and
- the increased drive by the South African Government to increase black ownership and control across South African businesses via the recent issue of a set of revised Broad-Based Black Economic Empowerment codes that seek to create value-adding active black shareholders.
Tsiko Africa is 100% black owned and has a Level 1 B-BBEE rating. Tsiko Africa has been set up in order to create an operational entity capable of housing all the Group’s operating entities that have been been acquired and thus has the ability to grow the business while leveraging synergies across the various businesses.