Member’s News


Seriti Green commences operation

Johannesburg, 1 December 2022: Seriti Resources is pleased to announce the conclusion of the acquisition of a 100% stake in Windlab South Africa through its subsidiary Seriti Green, marking a significant step in the development of the company’s renewable energy business. This follows the announcement in August 2022 of the binding transaction agreements to acquire a majority interest in Windlab’s South Africa and East Africa businesses (together, Windlab Africa). The conclusion of the Windlab East Africa portion of the transaction remains subject to anti-trust approval from the Tanzanian authorities.

The advancement of Seriti Green through the transaction to acquire Windlab Africa supports Seriti’s objective of lowering its carbon footprint and ensuring long-term sustainability as a diversified energy producer. Windlab Africa consists of 100% of Windlab South Africa and 75% of Windlab East Africa, the latter portion of the transaction remains conditional.

The transaction will see Seriti Green owned by a consortium of strategic shareholders with Seriti Resources holding a 54.19% controlling interest, alongside VennEnergy (15%), RMB (15.41%) and Standard Bank (15.41%) collectively taking up the remaining stake.

As a responsible coal producer, Seriti is conscious of the impact that fossil fuels have on the environment and is committed to playing an active role in helping manage the just transition to a low-carbon economy while balancing South Africa’s energy needs. The timely acquisition supports the government’s calls at the COP27 Climate Change Conference for further investment into green energy sources as part of the imperative to lower global carbon emissions.

Mike Teke, Seriti CEO said: “The finalisation of the South African leg of this transaction is a significant milestone for Seriti Green, enabling us to facilitate the decarbonisation of South Africa’s energy grid, provide diversification within our business and support the new chapter of a just energy transition. We are looking forward to a favourable outcome on the East Africa leg, after which our full acquisition of Windlab Africa will be complete”.

Seriti understands the urgent need to find energy supply solutions that will meet current and future energy demands along with the obligation to move towards a lower carbon future. Despite the global acknowledgement of the critical risk posed by climate change the need for a stable power supply continues to grow. Closer to home, we are also aware of the current challenges faced by power utility Eskom, and the impact this has on the country’s economy.

The inclusion of renewable energy into Seriti’s existing portfolio of high-quality coal assets will offer long-term financial stability and diversification, provide a solution to Seriti’s own power needs and afford opportunities to help secure the country’s power needs.

Seriti uses 750 GWh of electricity in the process of mining coal that is used to fuel power stations. In line with the commitments made in the MOU signed in October 2021 with Eskom and Exxaro, Seriti will start using renewable wind and solar energy in its facilities through the signing of PPAs for the procurement of renewable energy in 2023.

Windlab South Africa currently oversees ~4 GWs of renewable energy projects at different stages of development in South Africa. This acquisition gives Seriti access to a portfolio of existing world-class renewable energy assets with a high return rate, a promising project pipeline and a highly experienced management team.

“Our investment into renewable energy through Seriti Green demonstrates our commitment to sustainably supporting South Africa’s energy needs. We will continue to seek growth opportunities to make a meaningful contribution to reducing the country’s carbon footprint whilst supporting a just energy transition,” said Mike Teke, CEO of Seriti.

Seriti is proud to have partnered with Standard Bank, RMB and VennEnergy on this transaction and has confidence in the strength of Windlab Africa’s experienced management team, who will continue to be led by Peter Venn.

CEO of Seriti Green, Peter Venn, commented: “COP27 has seen a recommitment to climate warming targets, and has for the first time indicated the commitment to financial support for adaptation and transition in developing economies. These events provide even more impetus for the development of the renewables sector in South Africa and elsewhere in Africa. Seriti Green is well-positioned and able to play a constructive and growing role in bringing responsible and impactful renewable energy projects to fruition, especially in South Africa’s energy heartland of Mpumalanga. “

For further information:

For Seriti
Linda Khuluse
+27 83 278 4468

Memory Johnstone
+ 27 82 719 3081

Tanisha Heiberg
+27 79 527 6769

For Seriti Green

Janice Finlay
+ 27 84 566 9563


About Seriti:

Seriti Resources Holdings is a broad-based, 91% black-owned and controlled coal mining company.

Seriti’s subsidiary, Seriti Coal operates three large-scale, opencast and underground thermal coal mines – the New Vaal, New Denmark and Kriel collieries, which respectively supply Eskom’s Lethabo, Tutuka and Kriel power stations. The New Largo mine is currently under development, to meet the needs of the adjacent Kusile power station.

On 1 June 2021, Seriti acquired the operations of South 32 SA Coal Holdings Proprietary Limited (SAEC) from South32, bringing into the fold four additional mines – Khutala, Klipspruit, Pegasus and Middelburg Mines Services (MMS), which provide coal to the

Kendal and Duhva power stations, as well as export coal via the Richards Bay Coal Terminal.

Seriti is co-owned by four anchor shareholders – Masimong Group Holdings (Masimong), Community Investment Holdings (CIH), Zungu Investments (Zico) and Thebe Investment Corporation (Thebe). It is Seriti’s philosophy that 10% of the equity in its mining operations be ring-fenced equally for the benefit of employees and communities through established unencumbered employee and community trusts.

As a responsible South African coal miner, Seriti has a proven track record in the acquisition, operation and development of large-scale opencast and underground coal mines. Guided by an experienced board and management teams, Seriti maintains a principal focus on its long-term commitment to the domestic market and, in particular, the reliable and cost-effective provision of coal to Eskom.

Further information on Seriti can be found at

About Seriti Green:

In November 2021, Seriti Resources announced the formation of Seriti Green, a subsidiary that will seek and develop renewable energy projects as an integral part of Seriti’s energy portfolio. Seriti Green, which currently has a portfolio consisting of 23 projects at different stages of development, will identify and develop renewable energy projects to be integrated alongside Seriti’s existing fleet of coal assets.

Industry-leading atmospheric wind modelling and energy analysis tools, combined with decades of experience in delivering renewable energy projects, and the sound backing of respected shareholders enable Seriti Green to rapidly identify, finance and bring into operation large-scale renewables projects.

Further information on Seriti Green can be found at


With the launch of the Young Game Changers Programme in April this year, more than 10 SMMEs in the Saldanha Bay Municipal area are being upskilled.  During this two-year ongoing training programme, the participating entrepreneurs will be given a range of essential business skills to help improve profitability and the longevity of their businesses.



The Nordex Education Trust, which has been operating for almost a decade, continues to award bursaries to students, across the green energy landscape, with a particular focus on engineering or related disciplines. Most recently, this Trust has appointed two trustees to further strengthen its resolve to drive education within the beneficiary communities where Nordex Energy South Africa has built and is operating no less than nine wind farms.



Loeriesfontein, Northern Cape

Mirko Klassen is among three young trainees, who are gaining on-site practical work experience at Loeriesfontein’s local wind farms, through an engineering service company, Obelisk. This is following the successful completion of the Global Wind Organisation training programme, which is designed to address renewable energy skills shortages amongst community members, as well as indirectly address the high unemployment rates. READ MORE

Red Rocket Consortium reaches Legal Close on Round 5 projects

Pretoria, 10 November 2022: The Red Rocket Consortium achieved Legal Close for three wind projects earlier today. The projects, Brandvalley and Rietkloof wind farms that border the Western and Northern Cape provinces and Wolf wind farm in Eastern Cape, were awarded Preferred Bidder Status in October 2021, under Round 5 or the Fifth Bid Submission Phase of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

The agreements were concluded at the IPP Office in Centurion with the signing of the Power Purchase Agreements (PPAs) with Eskom and the Implementation Agreements (IAs) with the Department of Mineral Resources and Energy (DMRE). Legal Close will be followed by the Commercial Close with the Department and Eskom later this month with Financial Close to follow shortly thereafter.

The three wind energy projects will be built over a period of 24 months adding a total 364-MW capacity to the Eskom grid by the end of 2024. In excess of the equivalent of 600 job years for South African citizens will be created during the construction and operation periods for each of the projects. Red Rocket South Africa will coordinate the construction of the wind farms with Vestas wind turbines and local contractors.

The Shareholders of the Consortium with Red Rocket Energy as the Lead Member, AIIM through its IDEAS Fund, Jade-Sky Energy, and the Red Rocket Opportunity Trust will contribute equity to the projects. Project finance funding will be provided jointly by the mandated lead arrangers, Absa and Standard Bank, for the three wind projects.

Red Rocket South Africa has successfully finalised the development of these projects initiated by G7 Renewable Energies (Brandvalley, and Rietkloof) and JUWI Renewable Energies (Wolf).


For Media inquiries contact:
Red Rocket Energy (Pty) Ltd
Contact Person: Chanel Ponto
Via: Mobile: 066 262 2586


About Red Rocket
With the Mothership located in Cape Town, Red Rocket provides integrated solutions, from design and development to energy production, operation and maintenance, and asset management in South Africa and beyond.

Red Rocket is a force to be reckoned with in Africa’s renewable energy market with an excess of 1000MW of plants currently in operation, under construction, or awarded as a preferred bidder and ready to reach financial close in wind, hydro, and solar developments across the continent. Red Rocket’s growth strategy is based on pursuing a balanced portfolio of renewable assets, market maturity, as well as currency exposure (ZAR, USD, and EUR).

About the Red Rocket Opportunity Trust
Established in 2017, The Red Rocket Opportunity Trust serves as a vehicle through which the community, Black women, B-BBEE equity interests can be held across a range of Red Rocket’s renewable energy projects. The Trust facilitates specific development initiatives with the purpose of empowerment and the upliftment of beneficiaries

About African Infrastructure Investment Managers (AIIM)
African Infrastructure Investment Managers (AIIM) has a track record of over 22 years, focused exclusively on African infrastructure. AIIM currently manages USD2.4bn in AUM out of five locally staffed regional offices on the continent with a portfolio extending across more than 67 investments, 29 exits and operations in 19 countries throughout sub- Saharan Africa across its eight African infrastructure funds. The funds are designed to invest long-term institutional unlisted equity in sustainable African infrastructure projects which seek to drive the continent’s development such as energy transition, digital infrastructure, and transport & logistics assets.

About Jade-Sky Energy
Jade-Sky is a 100%, black women-owned & managed enterprise with Level-1 BEE Status. Jade-Sky Project Management was established in 2012, as a strategic communication and project management company offering embedded consultancy services. Building on the existing platform, Jade-Sky Energy, was established as a vehicle to actively participate in renewable energy projects as an equity partner.

About Absa Group Limited
Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in Namibia and Nigeria, and securities entities in the United Kingdom and the United States.
For further information about Absa Group Limited, visit

About Standard Bank Group
Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, with share code SNB.

About G7 Renewable Energies
G7 Renewable Energies (Pty) Ltd is a South African project developer based in Cape Town that has been at the forefront of South Africa’s renewable energy industry since its formation in 2008. To date, G7 has developed a comprehensive pipeline of wind projects across the country, totaling more than 2 GW.

About JUWI Renewable Energies
JUWI South Africa is part of the international JUWI Group, one of the world’s leading renewable energy companies. The company develops solar, wind and hybrid renewable energy solutions and provides engineering, procurement and construction (EPC) and operations and maintenance (O&M) services for solar PV and hybrid systems. The JUWI Group was established in 1996 in Germany and is now a wholly-owned subsidiary of the Mannheim-based energy supplier, MVV Energie AG. JUWI has around 850 employees worldwide, branches on all continents and is actively engaged in various renewable energy projects around the globe. The South African office opened in Cape Town in 2011.

FAW Trucks Celebrates Significant Production Milestone

About Coega:  The Coega Development Corporation (CDC) is headquartered in the City of Gqeberha, Nelson Mandela Bay Municipality, South Africa, with a strategic operational footprint in South Africa and beyond the borders on the African continent. The CDC’s vision is to be the leading catalyst for the championing of socio-economic development. This it seeks to achieve through the development and operation of the 9 003-hectare Coega Special Economic Zone (SEZ), a transshipment hub and a leading investment destination in Africa, providing highly skilled competence and capacity for the execution of complex infrastructure and related projects throughout South Africa and selected markets on the African continent, and advisory on the development of industrialization and logistics zones.  The CDC’s advanced capabilities are successful enablers in economic zone development and management, real assets management, infrastructure planning and development, technology integration while realising related socio-economic impact areas such as skills and SMME development. The foundational culture of the CDC’s approach, backed by core values, is innovation and continuous improvement.

Coega announces training of 102 SMMEs as part of the SMME Development Programme

Gqeberha, South Africa, 9 November 2022 – The Coega Development Corporation (CDC) is pleased to announce a milestone achievement on the small, medium, and micro-enterprises (SMME) training for the first half of the 2022/23 financial year. Over the six-month period (April – September 2022), a total of 102 SMME received training, as part of Coega’s SMME Development Programme, which implements developmental initiatives to grow SMMEs. The Programme has proven very successful since its inception in 2014, having trained over 2,500 SMMEs over the years.



9 November 2022

As renewable energy Independent Power Producers (IPPs) begin expanding their footprint into areas that offer ‘increasingly scarce’ grid availability, the Mpumalanga Province is featuring near the top of the list. Deploying renewable power in this area facilitates faster power distribution and hence it is becoming a priority area for green investment, thereby increasing the country’s clean energy portfolio.READ MORE


Loeriesfontein High School learners, who take Computer Applications Technology (CAT) as a subject, are thrilled to have received new laptop computers, which will no doubt make their studies a bit easier. The equipment was donated to grade 10 learners to enhance their computer skills, which will benefit them when they enter tertiary education and the workforce.


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