Royal Bafokeng Nation
Royal Bafokeng Holdings - A leading community-based investment company Royal Bafokeng Holdings (RBH) is the primary investment vehicle of the Royal Bafokeng Nation (RBN), an approximately 300,000-strong community of Tswana-speaking people with substantial minerals-rich land holdings in South Africa's North West Province. The company was established in 2006 through the merger of Royal Bafokeng Resources, which had been set up in 2002 to manage the community's mining interests, and Royal Bafokeng Finance, which was formed in 2004 to develop a varied, non-mining, asset base. RBH's overall business objective is to maximize the returns on its investments to provide the RBN community with benefits that are sustainable. RBH has assets spread across the resources, industrial, services and financial sectors. The current net asset value of RBH is approximately R37 billion and all of the shares of RBH are held by the RBN, which also has social delivery entities. In the past decade more than R4 billion has been spent on roads, utilities, schools, clinics and other public amenities. This has benefited not only the Bafokeng, but many other people living in the North West Province.