To demonstrate its commitment to the requirements of Statement 100B of the dti codes for broad based structures, the Tirisano Trust has been investing a major portion of its income in investment related projects, which is in excess of R 100m.
The investments are following a long term and sustainable commercial footprint:
- Equity partnership in Atlas Copco South Africa – The Tirisano Trust is the controlling shareholder in Cygnimart, which is the 25, 1% black shareholder in Atlas Copco South Africa.
- Cape Town Airport property – the Trust has aquired a well located light industrial site close to the Cape Town international airport which is being developed on a commercial, arms length basis for 2 of the Atlas copco operations in Cape Town. The project is based on a long term lease by the client and the requirements of Supplier Development as outlined by the amended dti codes. The total project value is estimated at R12m.
- DDR Properties