NUM’s investment arm thrives even as rest of union loses ground
By: Natasha Marrian and Karl Gernetzky —
THE National Union of Mineworker’s (NUM’s) investment company has grown its net assets to more than R4bn indicating how well it has thrived in spite of a slowdown in the economy over the past few years.The NUM provided the seed capital for the formation of the Mineworkers Investment Company (MIC) 20 years ago, and it offers an example of a successful business wing operates in relative isolation from the rest of the union which, has not fared nearly as well.
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