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RMB Ventures Investment

We are thrilled to announce a significant milestone in the journey of Mafika Engineering: a strategic equity partnership with RMB Ventures. In a landmark deal, RMB Ventures has acquired a 45% stake in our company, marking one of their largest private equity investments to date. This collaboration heralds a new chapter in our history, one that builds on our two decades of sustained growth and innovation in the mining services industry.

Mafika Engineering Welcomes RMB Ventures as a Strategic Partner

As Africa’s premier independent rebuilder of high horsepower (HHP) diesel engines, Mafika Engineering has carved out a niche in the global mining sector. Our expertise lies in the “Zero-Hour” rebuilding of HHP and ultra-HHP engines, crucial to the operation of high-value mining equipment such as ultra-class haul trucks, dozers, and excavators. Our newly inaugurated state-of-the-art rebuild centre underscores our commitment to excellence and positions us as a leading figure in the HHP engine remanufacturing realm, distinguished by our OEM agnostic approach.
 
This partnership with RMB Ventures, a seasoned investor with a track record of nurturing high-growth enterprises, promises to enhance our operational capabilities. Amina Pahad, a senior figure at RMB Ventures, commends Mafika’s role as a pivotal service provider to major mining houses across Africa and globally, lauding our contribution to the circular economy through engine remanufacturing. This process not only extends the lifespan of essential mining equipment but also aligns with environmental sustainability goals by minimizing waste, reducing raw material consumption, and slashing energy use.
 
Remanufacturing is increasingly recognized for its environmental benefits, offering a sustainable alternative that echoes the global shift towards resource efficiency and emission reduction. The process is notably energy-efficient, with rebuilt engines requiring 50% less energy to produce than new ones, equating to substantial annual energy savings.
 
Graydon Epstein of Mafika Engineering shares the enthusiasm for our partnership with RMB Ventures, emphasizing the alignment of our growth visions and the mutual commitment to retaining our core values of flexibility, responsiveness, and quality. This alliance not only strengthens our operational foundation but also enhances our access to broader networks within the mining sector, promising accelerated growth and innovation.
 
In conclusion, our partnership with RMB Ventures is more than an investment; it’s a shared vision for a sustainable and prosperous future. Together, we aim to scale new heights, reinforcing our commitment to excellence, sustainability, and our valued customers. Join us as we embark on this exciting journey towards achieving our full potential.
White paper

Re-engineering Growth for Mafika

Mafika Engineering performs “Zero-Hour” rebuilds (returned to new) of HHP and ultra-HHP engines used in high value front-line mining equipment.

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Johannesburg
Southside Industrial Park, 2 Dame St, Wadeville, Germiston, 1428, South Africa
Contact details
011 334 1120
info@mafika.co.za
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Majority Designated Group Owned

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