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A black-controlled energy company committed to a just energy transition. At Seriti, we understand Africa's challenges and are dedicated to providing energy solutions that benefit the continent and local communities. Seriti is a broad-based, 91% black-owned and controlled South African energy company, co-owned by four black anchor shareholders: Masimong Group, Thebe Investments, Zungu Investments (Zico), and Community Investment Holdings (CIH).
Led by Chair Dr. Anna Mokgokong and CEO Mike Teke, our company is guided by a board and management team with extensive experience in acquiring, operating, and developing large-scale, world-class energy solutions.
Initially a coal business, Seriti has evolved into a comprehensive energy company. Coal has historically driven South Africa's industrial development and remains a key part of our energy mix. According to the latest Integrated Resource Plan, coal's share of electricity generation is expected to decrease from about 72% to only 43%, with the remaining 57% coming from solar, wind, hydro, nuclear, and other renewable sources.
We fully support this transition and are committed to actively managing the shift to a lower-carbon future, while preserving livelihoods and unlocking Africa's renewable energy potential.