Giving up a ten-year long career in investment banking is a decision that cannot be easy to take unless it’s driven by an overwhelmingly and fervent desire to be self-employed in a totally different field, such as working in mining and civil construction.
This is precisely what happened to Richy Sindane who, after spending a decade helping other people’s dreams come true, decided it was high time he did the same for himself. Armed with a post-graduate qualification in finance, banking and investment management, Richy set about creating his own business, Sindane Mining Ventures in Waterval Boven, the town of his birth.
“This was back in 2014 and I felt confident that with my experience in banking and investment management, I could make a proper go of entering a challenging new field,” Richy says. “I brought in my mother, Rita Sindane, a retired teacher, as the majority shareholder. My sister, Nokuthula, who has always had an entrepreneurial streak, is also a shareholder and handles human
Richy smiles when he recounts how his TLB
operators “fight” to get to use the new Bell 315SL TLB
as they vie for the machine’s smoother controls,
improved power and all-round good visibility from
the airconditioned cab as it can get hot and humid
on the Mpumalanga escarpment.
resources and safety compliance. She adds great value as she is a trained health and safety practitioner and offers this service to other contractors.”
It was however not all plain sailing and the Sindanes had to market their business for almost two years before being awarded their first contract. Starting out with a CIDB rating of 1, the young company landed a subcontract supplying equipment to a pipeline project in neighbouring Machadodorp.
