The PPC Ntsika Fund (Pty) Limited (Ntsika) was established late in 2008 as a formal vehicle to provide financial support and active mentorship to black-owned enterprises. Businesses are evaluated against stringent criteria, and to date the Ntsika board has invested R56 million in seven black-owned businesses.
Afripack manufactures and supplies flexible packaging solutions to the industrial and fast-moving consumer goods (FMCG) markets. Ntsika has invested R37,6 million to expand the business base.
The Ntsika board has invested R2,1 million for the construction and development of nine plots into residential housing units in Soweto.
Rhulanani is a ready-mix concrete business operating in Lephalale, Limpopo Province. After initial setbacks due to Eskom funding delays, the Lephalale area is currently enjoying strong growth from the development of the Medupi power station and related infrastructure. Ntsika has invested R5,6 million to supplement the owners' investment of R3,9 million.
Working with the Rose Foundation to save our environment from the arbitrary disposal of used oil, Ntsika has invested R5 million into Olegra Oil. Olegra's main activity is collecting used oil from surrounding mining operations and a filling station and fitment centre in Lime Acres village. The used oil is sold to PPC Lime to burn off in its kilns in an environmentally friendly manner.
First Gas began distributing liquid petroleum (LP) gas in April 2010 from a site in Edenvale, Gauteng. Ntsika has invested R1,8 million in this business to establish a distribution network to residential, hospitality and light industrial consumers.
Ntsika has invested R1,4 million in Modise which supplies cut-to-size laminated chipboard and accessories to the residential housing market in Soshanguve.
Loerie has acquired the property of a rehabilitated lime quarry, previously operated by PPC. The buildings have been converted into a 100-bed residential facility and further labour-intensive projects are being evaluated. Ntsika has invested R2,2 million in this project to date.