Investments
NIC has direct interest in 4 Companies, one of which is a holding company through which NIC holds interest in another 5 Companies. The Group has a turnover of more than R400Million and a net asset value of R250Million.
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Investment Approach
NIC's investments share some basic features. We invest own equity Rands, and those of our investors, and borrow money for the friendly acquisition of a company.
Our company remains true to its promise of the socio-economic upliftment of the NUMSA family and the people of South Africa.