MB AfroAsia SA (Pty) Ltd is a joint venture based in South Africa with the majority shares held by MB Holding Company LLC based in Oman. Minority shares are held by Mr Glenn F. De Silva.
MB Holding Company LLC is a multinational corporation with operations and subsidiaries spread across the globe in more than 20 countries. The dynamic group which started operations in the year 1982 has diversified businesses including drilling and integrated oilfield services, the exploration and production of oil and gas, investments, engineering, manufacturing & trading, and mining and processing of minerals.
The MB Group commenced operations in South Africa in 2013 with the establishment of MB Plant SA. MB AfroAsia SA currently employs 113 South Africans and also give technical students the chance to take part in our apprentice program. With this and similar programs, the MB Group aim to provide opportunities for the growth and self-development of employees.
Early in 2015, the Group acquired the first Truck City (Pty) Ltd branch, MB Truck City Cape Town, the authorised dealer for IVECO Trucks in the Western Cape. The MB Group invested further in its South African operations with the acquisition of a second IVECO truck dealership, MB Truck City Johannesburg in 2016 followed by MB Truck City Bloemfontein acquired in 2017. This marks the first IVECO corridor along the N1, serviced proudly by the MB Truck City group.
Vastparts International, an alternative parts supplier was born in 2016. With the ever-increasing cost of genuine replacement parts, this division of MB AfroAsia SA strives to be the supplier of choice in Africa by providing excellent service to bring our customers quality products at affordable prices.
A number of properties have also been purchased by MB Properties to cater for the housing needs of the Group in South Africa.
MB Plant SA (Pty) Ltd t/a MB Agri SA has expanded the Group’s South African footprint with the acquisition of the sole distributor rights for Mahindra Tractors in 2018. Mahindra want to improve farm lifestyles by making hard work easier, increasing yields, and increasing returns. Our tractor range starting at 41kW is ideally suited to provide solutions for established and emerging commercial farmers, as well as communal farmers.
Meholo Projects, the Group’s Level 1 B-BBEE operations is currently under formation and will be operated in conjunction with TIH (Pty) Ltd.
It is MB AfroAsia SA’s strategy as a group of companies to grow into a diverse business driven by a common support structure and trading model. It is committed to consolidating its operational base in South Africa but has an avowed ambition to also extend its business interests into the surrounding states.
MB Holding LLC is a group of companies devoted to achieving their vision of global eminence. Today, MB Holding Group employs more than 5000 employees from 46 nationalities across 20 countries – who are committed to achieving the vision and mission. For decades, in Oman and internationally, the company has achieved growth, efficiency, and profitability with a focus on quality, safety and teamwork. Some of the key group companies are MB Petroleum Services, Petrogas E & P, Mawarid Mining Company and United Engineering Services.