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SepHold is a JSE-listed company that invests in construction materials-focused businesses with the goal to create value for its shareholders through active participation in the operations to generate positive earnings and market share growth. SepHold’s portfolio currently constitutes of 36% equity ownership in SepCem and a 100%-owned mixed concrete subsidiary, Métier.

Sephaku Cement

SepCem is the first new entrant into the South African cement market since 1934 and comprises the following assets:

  • Aganang integrated plant consisting of a limestone quarry, a clinker production as well as cement milling plant commenced production in August 2014 ;
  • Delmas milling plant, which started production of cement in January 2014; and
  • Sephaku Ash that acquires and removes waste ash from the coal-burning process at Kendal Power Station. The ash produced by this plant is currently being used as a cement extender at Delmas; and Limestone exploration, which focuses on developing the resource pipeline.

SepCem is a cement producer with modern manufacturing technologies and acute marketing skills. SepCem’s main business activity is the manufacture, marketing and distribution of high-quality cementitious products to a broad spectrum of cement users. The combined cement manufacturing capacity for Aganang and Delmas is 2,5 million tonnes per annum.

SepCem has established itself as a formidable competitor in the supply of cement through successfully penetrating all the major retailers, numerous second-tier distributors and several bulk cement users, particularly ready-mixed concrete manufacturers.

The remaining 64% of SepCem is held by Dangote Cement Plc. Dangote is Africa’s leading cement producer with three plants in Nigeria and plans to expand into 13 other African countries. Dangote is a fully integrated quarry-to-customer producer with production capacity of 29,25 million tonnes in Nigeria and new operations beginning to come on-stream across the rest of sub-Saharan Africa.

Dangote was listed on the Nigerian Stock Exchange in October 2010.

Refer to

Métier Mixed Concrete

Métier was acquired by SepHold on 28 February 2013 and is a supplier of ready-mixed concrete and related products. Métier is renowned as a specialist in the manufacture of technical high value concrete products that are customised to meet unique customer requirements.

Métier has a total of 11 plants with four of them situated in the Gauteng province and seven in the KwaZulu-Natal province. Its mission is providing innovative service, quality and reliability based on the following four pillars:

  • IMPRESS customers by offering superior service and products;
  • INSPIRE staff through a passion for concrete;
  • SUPPORT suppliers to actively contribute to Métier’s success; and
  • RESPECT shareholders by offering value for their investment.


Full Financial Analysis


Bodibeng Trading Proprietary Limited

Founded by Mr Gaopalelwe Olebogeng from the Verdwaal Village in the North West province who is the sole managing member of Bodibeng Trading Proprietary Limited. Mr Gaopalelwe has previous experience in plant cleaning that he acquired during his tenure as a plant cleaner at another cement company in Lichtenburg. Bodibeng Trading Proprietary Limited employs 36 employees from the local community and currently has a short-term contract with SepCem which includes mentorship to ensure that it effectively provides the plant cleaning services at Aganang.


Mancamane Trading Enterprise

Mancamane is a black female-owned enterprise that started operating in 2010 as a plant cleaning, construction and mining supply company. Ms Daisy Maseko, a renowned entrepreneur, founded the enterprise in the Delmas area, Mpumalanga province and currently employs 28 permanent staff. SepCem adopted Mancamane into the enterprise development programme in 2014. The company is currently supplying plant cleaning services to the Delmas grinding plant and has demonstrated the ability to grow sustainably.


MM&JK Cleaning Projects Proprietary Limited

In 2014, SepCem contracted the cleaning services of MM&JK Cleaning Projects, an enterprise established in 2013 by Mr Sipho Mazibuko from a village called Springbokpan in the North West province. SepCem identified MM&JK Cleaning Projects as a well-managed enterprise that is appropriately suited to benefit from the programme. In the case of MM&JK, SepCem has partnered with another major industrial organisation to mentor Sipho.

The partner’s role is to assist MM&JK Cleaning Projects with inproving its cleaning skills through training, providing cleaning equipment and required detergents. SepCem’s role is to develop Sipho’s business management skills including cost management, record keeping and negotiation. SepCem is assisting MM&JK to develop a marketing strategy to increase its customer base to reduce the single-customer dependency risk and ensure that the company is sustainable. MM&JK Cleaning Projects currently has a three-year contract with SepCem for general cleaning at Aganang and employs 14 permanent staff.



Millicent’s Enterprise

Millicent’s Enterprise is 100% black female-owned and was founded by Ms Millicent Mahlabe, an entrepreneur from Delmas in the Mpumalanga province. The company was selected for the programme because it has historically demonstrated the ability to supply large contracts but lacks administration skills. Millicent’s has a good reputation and positive track record of being able to cater for large provincial government events.

SepCem secured Millicent’s catering services in 2013 for its canteen at the Delmas plant that provides meals to 150 employees. Millicent’s currently has seven permanent employees and several contract employees who are sourced as and when required.