07 Sep

CABAN SIGNS MOU WITH VAAL UNIVERSITY OF TECHNOLOGY AND MGCAWU FORUM

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News of our work that has commenced in Atlantis is spreading fast. The ZF Mgcawu Inclusive Community Economic Development Forum, a forum based in Upington representing various Khoisan tribes, have together with Vaal University of Technology, signed an MOU with Caban Investments Ltd to assist the forum in achieving their mandate and purpose. You can view the MOU here.

 

The Mgcawu Forum was established as a vehicle for the purposes of developing certain mineral rights, development of land and uplifting the Khoisan nation of the Northern Cape. 

 

Caban will establish a public unlisted company that will be a subsidiary of Mgcawu Forum. Caban will hold 25%. This company will be engaged in the following activities:

 

  • A mining company to extract diamonds and develop zinc and manganese;
  • An incubator to develop Khoisan entrepreneurs together with the Vaal University;
  • Sustainable Living through Bio Space (SA) (Pty) Ltd;
  • Water purification systems  through Seychelle Africa;
  • Housing through X-Tek (SA (Pty) Ltd);
  • Solar and wind power solutions through Transwind (SA) (Pty) Ltd and Intens Renewable Solutions (Pty) Ltd.

 

The above companies form part of Caban Group. The above activities will be done through three companies that Caban will incorporate:

 

  • Mqcawu Holdings Limited;
  • Mqcawu Mining Limited;
  • Mqcawu Enterprises (Pty) Ltd

 

Caban will provide its full range of services, form concept right through fully capitalised and operational business. The business model is similar to that of Qei Holdings. The exciting part of this is the fact that we have developed a profitable business model that uplifts communities. This can be replicated across the country.

 

Caban, uplifting communities utilising traditional corporate finance methods. Sustainability can only be achieved through profits. 

 

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Read 1493 times Last modified on Monday, 07 September 2015 12:05
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