A legacy of integrity
Our name is derived from a Sesotho word meaning integrity.
Philosophically it is also the word for the shadow or aura that people cast as they go through life – a shadow that grows when you do good and is diminished when you do bad. So in essence your ‘seriti’ becomes your reputation and ultimately, your legacy.
At Seriti we aim to be constantly aware of the shadow we cast and of the great legacy we will create for our stakeholders, and our country.
Seriti by numbers
Seriti at a glance
91%
We are a broad-based, 91% black-controlled mining company
10%
We have ring-fenced 10% of our shareholding for the benefit of employees and communities
23%
We are responsible for supplying coal to power stations that collectively generate 23% of South Africa’s electricity
6000+
We employ more than 6,000 people (3,000 direct employees and 3,000 contractors)
24Mt
We produce around 24Mt of domestic coal per annum
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Latest news
PODCAST: The R1 deal that could make or break South Africa
Publication: BusinessLIVE. Author: Peter Bruce. In this latest edition of Podcasts from the Edge, Peter Bruce talks to Seriti Resources CEO Mike Teke about the choppy waters suddenly surrounding the…
Seriti Statement on SAPS Complaints
13 April 2021, Johannesburg: Seriti Resources continues to note reports in the media about the affidavits submitted in support of complaints to the SAPS regarding various aspects of the transaction…
MIKE TEKE: Transition from coal is required, but must be just and managed well
Publication: BusinessDay. Author: Mike Teke. Beyond the domestic supply of the fossil fuel to Eskom for electricity generation, exports remain vital It takes some courage to write about coal and its…
WATCH: How Seriti is getting closer to being Eskom’s largest coal supplier
Publication: Business Day. Author: Business Day TV. Seriti Resources CEO Mike Teke talks to Business Day TV about the group’s proposed acquisition of South32’s SA Energy Coal Seriti Resources is one…
Seriti welcomes competition commission’s recommendation to approve transaction to acquire SAEC from SOUTH32
Johannesburg, 7 September 2020: Seriti Resources welcomes the recommendation by the Competition Commission to the Competition Tribunal of the conditional approval of the transaction in terms of which…
SA’s Competition Commission approves Seriti purchase of South32 coal assets
Publication: Mining Mx. Author: David McKay. THE acquisition of South32’s South African Energy Coal (SAEC) to Seriti Resources has been recommended by South Africa’s Competition Commission, said…
