What's In A Name?
Idwala means the Zulu word for “rock” or “stone”. We are a proudly South African company focused on industrial minerals and lime niche markets.
Idwala Industrial Holdings (Pty) Ltd was formed in 1998 as a result of a management buy-out of the then listed Alpha Limited’s (now Afrisam (Pty) Limited) lime and industrial minerals assets. The MBO was effected in association with Ethos Private Equity Limited and proved to be successful in achieving the objectives set out at the time of its conclusion.
In April 2004, Idwala was purchased by a consortium led by the Tiso Group which obtained a controlling interest in the Company. The consortium included Tiso Private Equity Fund 1 and a Rand Merchant Bank Private Equity company.
In December 2008 a refinancing of Idwala resulted in a shareholding change in which Tiso maintained a majority stake and RMB exited to make way for Ethos and Old Mutual.