Operational Area

In R100 million transaction significant for black economic empowerment and environment responsibility in KwaZulu-Natal, an exciting new venture, SiyaQhubeka Forests (Pty) Ltd, has come into being. This company was born out of SiyaQhubeka Consortium's successful acquisition of 22 000 hectares of Safcol's (South African Forestry Company Limited) commercial forestry assets in KwaZulu-Natal.

SiyaQhubeka Forests commenced operation on 1 October 2001 from its original office in Richards Bay and its three plantation offices in Kwambonambi, Dukuduku and Port Durnford (Zululand).
 

 
Local Communities & Tourism to Benefit
SiyaQhubeka Forests plans to convert the lease area to fast-growing hard wood pulpwood plantation over a five year period and will do so within the requirements of the Forestry Stewardship Council (FSC) certification. This conversion process will have far-reaching benefits for local communities with the creation of new employment in the Zululand region. Not only will it bring about upliftment in rural communities through the transfer of both skills and the ownership of forestry assets, but eco-tourism also stands to benefit significantly.

SiyaQhubeka has played a leading role in increasing the size of the Greater St Lucia Wetland Park by facilitating the inclusion of 9 000 hectares, on the Western Shores of the lake, into the park. In addition, the consortium has supported moving the boundary fence of the park to include a sizeable portion of its plantations, allowing for better management and freer movement of animals and increasing the park by some 15 000 hectares. Some 21 elephants have already been released into this section of the park. This is a world–first for commercial plantation forestry and a world Heritage Site.


Share-Holding

SiyaQhubeka Consortium comprises Mondi Ltd and its empowerment partner Imbokodvo Lemabalabala Holdings (I.L. Holdings)

The consortium's shareholding amounts to 75% with Mondi holding an initial 65% and I.L. Holding 10%. The National Empowerment Fund holds 10% while Government structures and employees hold the remaining 15%. Mondi has made a commitment to reduce its shareholding over time to 51% through the sale of 14% of its shareholding over black timber farmers, neighbouring communities (including local traditional leaders) and empowerment shareholders

The Siyaqhubeka Logo, What does it represent?
 
SiyaQhubeka's corporate identity represents a symbiotic relationship between the environment, the forestry sector and the people of neighboring communities. With symbiotic forestry as its fundamental philosophy, SiyaQhubeka regards the communities in which its operates as important stakeholders in this venture. This symbiotic relationship will not only boost the economy, the region, but also forester environment al sustainability.

The slogan "Forestry for Life” emphasizes SiyaQhubeka's philosophy and its interdependent relationships with the natural environment, the forestry industry, life, people, growth and value.

The logo embraces these elements. The thumbprint, symbolic of the uniqueness of the human spirit, represents the need of each human for harmony, energy, encouragement and wealth. The tree embodies the elements of the nature-water, air and without which growth and life cannot be possible. It is also indicative of the forestry sector.

 

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