Solly Soka Madibela: MySol’s Net Worth, Mining Empire, and Impact in 2025
Solly Soka Madibela, better known as MySol, is a titan in South Africa’s mining and logistics industries. As the founder and CEO of MySol Holdings & Logistics, he has built a formidable empire from humble beginnings in Rustenburg. This 2025 blog post examines MySol’s net worth, his inspiring journey, and the transformative impact he has had on South Africa’s economy and communities.
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Who is MySol? Early Life and Background
Born in the late 1970s in Brits or Rustenburg, North West Province, South Africa, Solly Soka Madibela (also known as Solomon Soka Madibela) grew up in a region dominated by mining. Immersed in the industry from a young age, Solly developed over 30 years of expertise in open-cast mining, which became the foundation of his entrepreneurial success.
Now approximately 45–50 years old (as of October 2025), MySol is a determined, community-focused leader whose rise from modest roots to mining magnate inspires aspiring entrepreneurs across South Africa.
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Quick Facts |
Details |
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Real Name |
Solly Soka Madibela (aka Solomon Soka Madibela) |
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Nickname |
MySol |
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Birthplace |
Brits/Rustenburg, North West Province, South Africa |
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Age |
Approx. 45–50 (as of October 2025) |
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Profession |
Entrepreneur, Mining Tycoon, CEO, Philanthropist |
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Key Achievements |
Founded MySol Holdings in 2018; Level 1 B-BBEE certified; Produces 200,000 tonnes of chrome monthly |
Building a Mining Empire: MySol’s Career Journey
The Rise of MySol Holdings & Logistics
In 2018, Solly founded MySol Holdings & Logistics, a 100% black-owned company headquartered in Rustenburg. Specializing in open-cast and bulk mining, MySol provides services like drilling, blasting, loading, hauling, crushing, screening, mine rehabilitation, and bulk earthworks. Its Level 1 B-BBEE certification has secured high-profile contracts with industry giants like Samancor, positioning MySol as a leader in black economic empowerment.
MySol’s chrome mining operations are a standout, extracting up to 200,000 tonnes of chrome monthly, making it a key player in South Africa’s mining sector.
“MySol Holdings is not just a business; it’s a vehicle for empowerment and sustainable growth in South Africa.” – Solly Soka Madibela
Strategic Investments and Partnerships
MySol’s rapid growth stems from Solly’s hands-on leadership and strategic investments. The company has invested over R200 million in state-of-the-art equipment, including articulated dump trucks (ADTs) and excavators from Volvo Construction Equipment, through partnerships with Babcock and Volvo. These investments have boosted efficiency, enabling MySol to manage major projects like the Buffelsfontein West Open-cast mine for Samancor.
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Commitment to Safety and Sustainability
Safety is paramount at MySol, with rigorous training and policies ensuring employee well-being. The company also prioritizes environmental sustainability through mine rehabilitation and eco-friendly practices, aligning with global standards while uplifting local communities in North West Province.
MySol’s Net Worth in 2025
Estimating Solly Soka Madibela’s net worth is challenging due to the private nature of his finances. Industry sources estimate it to be between R120 million and R500 million (approximately $6.5 million to $27 million USD, based on 2025 exchange rates). Some unverified reports suggest his wealth could reach billions of rands, driven by MySol Holdings’ rapid expansion and lucrative contracts.
Sources of Wealth
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Mining Operations: High profits from chrome extraction and bulk mining services.
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Logistics and Equipment: Revenue from an expanding fleet and strategic partnerships.
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Business Contracts: High-value tenders with major clients, enhanced by B-BBEE status.
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Luxury Assets: Ownership of properties like a lavish Hartbeespoort home and a car collection, including a R25 million Brabus G63 6×6, Rolls-Royce Cullinan, and Bentley.
MySol’s opulent lifestyle, showcased through viral social media posts on Instagram, reflects his remarkable success.
Personal Life and Philanthropy
While Solly keeps his personal life private, his commitment to philanthropy shines through the MySol Foundation. Co-founded with his team, the foundation supports low-income households, funds educational bursaries, and drives community development in North West Province. These efforts underscore his dedication to black excellence and social upliftment.
His luxurious lifestyle, including a stunning Hartbeespoort residence and a high-end car collection, symbolizes his journey from Rustenburg’s mines to entrepreneurial stardom.
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Key Lessons from MySol’s Success
Solly Soka Madibela’s journey offers timeless lessons for entrepreneurs:
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Lead Hands-On: Oversee operations to ensure quality and efficiency.
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Invest Strategically: Partner with trusted brands like Volvo to scale sustainably.
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Give Back: Build community trust through philanthropy and empowerment.
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Leverage Expertise: Use industry knowledge to seize opportunities like chrome mining.
FAQ: Solly Soka Madibela and MySol Holdings
What is MySol’s net worth in 2025?
Solly Soka Madibela’s net worth is estimated to be between R120 million and R500 million, with some reports suggesting it could be higher.
What does MySol Holdings do?
MySol Holdings specializes in open-cast and bulk mining, offering services like drilling, blasting, and mine rehabilitation, with a focus on chrome extraction.
How did MySol start his business?
Solly leveraged his 30+ years of mining experience to found MySol Holdings in 2018, focusing on black economic empowerment and sustainable mining.
Is MySol involved in philanthropy?
Yes, through the MySol Foundation, Solly supports education, community development, and low-income households in North West Province.
Conclusion
Solly Soka Madibela, aka MySol, has transformed his passion for mining into a powerhouse with MySol Holdings & Logistics. With an estimated net worth of R120 million to R500 million in 2025, his story exemplifies vision, resilience, and community impact. As MySol continues to grow, Solly remains a beacon of black economic empowerment and sustainable success in South Africa.
