A lot of people tell Fred Arendse he is crazy to take over Vantage Goldfields — a company that was forced into business rescue in 2016 after a devastating accident, resulting in three deaths, at its Lily mine in Barberton. "They say ‘you are either stupid, or clever or have a lot of courage’," says Arendse, founder and CEO of the Siyakhula Sonke Empowerment Corp (SSC Group), which plans to revive the business. Arendse started his business 13 years ago in his garage, around a kitchen table sponsored by his wife. The vision was, and remains, that the group will become a black Anglo American, a company in which he was schooled. The youngest of seven children, Arendse grew up in Tulbagh in the Western Cape. He studied human resources and left the Cape, stepping onto a plane for the first time in 1995, when recruited to JCI’s coal division. The company soon unbundled, and from Witbank, Arendse was recruited to Anglo Platinum in Rustenburg where, as a 22-year-old HR manager, he became the...

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