Royal Bafokeng Holdings (Pty) Limited RBH is responsible for the management and development of the commercial assets of the Royal Bafokeng Nation (RBN), with the overall business objective of maximizing returns to enable the RBN to deliver sustainable benefits to the community. RBH strives to continually improve the economic well-being and quality of life of all stakeholders by investing in businesses that will generate exceptional returns over the long term, thus enabling it to contribute directly to the upliftment of the RBN community, both today and into the future. In line with this policy, RBH has a diversified investment portfolio with assets in the services, resources, industrial and financial sectors.
RBH’s investment activities generate an income to fund the practical delivery of projects within the context of the RBN’s Vision 2020, an overarching developmental mission to:
Established to manage and develop the commercial assets of the RBN, Royal Bafokeng Holdings (RBH) was created in 2006, a result of the merger between Royal Bafokeng Resources (established in 2002) and Royal Bafokeng Finance (established in 2004). RBH functions as a community-based investment company whose investment activities are aimed at generating the income required for the funding of sustainable projects that will benefit the Bafokeng community.
The RBN is RBH’s sole shareholder and the former’s overarching developmental mission – Vision 2020 – is financed mainly through dividends and interest generated by RBH. This vision seeks to create opportunities for the Bafokeng people to become participants in the regional and national economy of South Africa by the end of 2020, thus ensuring a community that is competitive, thriving and self sufficient.
In striving to bring Vision 2020 to fruition, RBH has adopted a long-term investment view and has sought to diversify its investment portfolio in an attempt to lessen the reliance on platinum as a source of wealth. To this end, RBH’s commercial investment portfolio currently comprises interests in the services, manufacturing, financial and telecommunications sectors, in addition to its holdings in the mining industry.
The board retains full and effective control over the company and is responsible for strategic direction, operational and financial performance, major investment expenditure and stakeholder communications.