Mike Teke, a prominent South African businessman, has carved a notable path in the mining industry, showcasing resilience, determination, and strategic foresight throughout his career.
From his humble beginnings to founding Seriti Resources Holdings Proprietary Ltd. Teke’s journey is one of perseverance and success.
This article delves into Mike Teke net worth, his background, accomplishments, and contributions to the business landscape in South Africa.
Mike Teke Net Worth
Mike Teke’s net worth has an estimated net worth of $64 million which he has earned as a businessman. However, this figure may be more as he is also a shareholder of other businesses besides Seriti Coal.
Mike Teke’s Career
Mike Teke’s determination led him to pursue higher education despite facing hardships. He earned a Bachelor of Arts degree from the University of Limpopo and an MBA from the University of South Africa. He began his career as a teacher before transitioning into human resources and eventually finding his niche in the mining industry.
In 2008, Mike made a significant move by acquiring Optimum Coal, establishing himself as a key player in the coal industry, and marking the beginning of his journey towards building a mining empire.
In 2017, Mike co-founded Seriti Resources, a coal mining and energy company, alongside three other individuals. The acquisition of Anglo American’s thermal coal assets solidified Seriti Resources’ position in the industry.
Mike’s vision for Seriti Resources extends beyond coal mining, leading to establishing Seriti Green, a renewable energy business focused on generating clean energy.
Who is the Owner of the Masimong Group?
The CEO, Mike Teke, holds the position of chairperson and controlling shareholder at Masimong Group Holdings (Pty) Ltd.
Additionally, he serves as chairperson and non-executive director at Anchor Group Ltd and Rolfes Holdings Ltd, while also holding a non-executive director role at Richards Bay Coal Terminal (Pty) Ltd.
Mike Teke’s Biography
Born on August 15, 1964, Mike Teke grew up in Kwa Thema, a township in Gauteng, South Africa. He grew up in a humble background. While he was young, Teke had no parents to cater for his needs. Consequently, his grandmother filled the void left by his parents and brought him up in a motherly manner.
Mike received excellent advice from his grandmother and always made it known that her words had a hand in his success. His childhood was marked by simple pap and spinach meals, highlighting his family’s challenges.
He is a prominent South African businessman currently serving as the Chief Executive Officer of Seriti Resources Holdings Proprietary Ltd.
He holds a postgraduate science degree from Limpopo University. He furthered his education with an honors degree from Rand Afrikaans University and earned additional certificates in business and human resource management.
Quick Facts
| Attribute | Details |
|---|---|
| Real Name | Mike Teke |
| Occupation | Businessman |
| Date of Birth | 1964 |
| Age | 60 years old |
| Nationality | South African |
| Wife | Sandi Teke |
| Children | Boikanyo and Tshiamo |
Mike Teke’s Real Age
Born on August 15, 1964, Mike Teke is currently 60 years old as of 2024.
Mike Teke’s Relationship Status
Mike Teke is happily married to his wife, Sandi. The couple is blessed with two children. Their son goes by the name Boikanyo, and their daughter is named Tshiamo.
Frequently Asked Questions
1. What is Mike Teke’s educational background?
Mike Teke graduated from Limpopo University with a post-graduate science degree and obtained an honors degree from Rand Afrikaans University. Additionally, he holds certificates in business and human resource management.
2. How did Mike Teke start his career?
Teke began his career as a teacher before transitioning into human resources and eventually finding his calling in the mining industry.
3. What is the significance of Seriti Resources Holdings Proprietary Ltd.?
Seriti Resources, co-founded by Mike Teke, is a prominent coal mining and energy company in South Africa. The company’s acquisition of Anglo American’s thermal coal assets has solidified its position in the industry, with a vision for expansion into renewable energy through Seriti Green.
Conclusion
Mike Teke’s story is one of inspiration and achievement, reflecting the power of hard work, education, and vision. As he continues to lead in the mining sector and beyond, his legacy serves as a beacon for aspiring entrepreneurs and industry professionals alike.
With his unwavering dedication and commitment to excellence, Teke embodies the spirit of innovation and leadership, leaving an indelible mark on the business world.