The Mineworkers Investment Company (MIC) has confirmed that Mary Bomela, its Chief Executive Officer, will step down on 28 February 2025, bringing an end to her 15-year tenure that saw the company achieve unprecedented growth and success.
A Legacy of Growth and Investment
Since taking the helm, Bomela has overseen remarkable financial growth, with MIC’s Net Asset Value surging from R2.8 billion to R7.8 billion. Under her leadership, the company executed numerous strategic transactions and, in just the last three years, deployed R2 billion into new investments across key industries, including technology, financial services, and consumer goods.
In the past year alone, MIC expanded its portfolio by acquiring stakes in Chill Beverages and Tropic Plastic & Packaging, further solidifying its position in the market. Additionally, Bomela championed Khulisani Ventures, a black-owned business investment initiative dedicated to supporting high-growth South African startups.
Fearless Leadership and Structural Innovation
MIC attributes much of its success to Bomela’s bold leadership and strategic vision. She introduced a new management structure, optimized operations, and built a highly skilled team to drive innovation and expansion.
“Mary has been an exceptional leader and the driving force behind MIC’s success,” said Tshepiso Poho, Chairman of the Board.
A Transformational Leader Bids Farewell
As MIC prepares for a leadership transition, Bomela’s impact on the organization will be felt for years to come. Her commitment to growth, transformation, and black economic empowerment has positioned MIC as a leader in the investment space. The company is expected to announce her successor in the coming months.
