About Us

NUMSA Investment Company (Proprietary) Limited (NIC) is a diversified investment house with controlling interest in several companies.

NIC was established in 1997 to create wealth and improve the lives of members and employees of the National Union of Metalworkers of South Africa (NUMSA) and their families. Benefits include tertiary education bursaries for the members and employees’ children as well as highly preferential purchasing terms on essential products and services.

Our company brings together an investment team with a wealth of technical knowledge and experience across disciplines. We have a proven track record for working seamlessly with investee company management to revitalize the business - making it more productive, more competitive and more profitable. We believe in a symbiotic relationship between our portfolio companies, business partners, employees, customers, suppliers, and the communities in which we do business.

Shareholder

NIC is ably backed by over 290 000 NUMSA members who hold their interest in NIC through "the National Manufacturing Investment Trust" investments. NUMSA's over 290 000 members collectively earn in excess of R1.5 billion per month and are major stakeholders in provident funds with assets in excess of R150 billion. The union is one of the affiliates of the Congress of South African Trade Unions (COSATU) and a member of the International Metalworkers Federation.

Numsa Financial Services

NIC started Numsa Financial Services (Pty) )(NFS) IN 2010. The Company provides financial services to NUMSA members, which range from funeral insurance to car insurance. NFS has accrediation from the Financial Services Board (FSB) to provide the following financial service products: Medical, Short Term & Funeral ...