Step Advisory assisted Phakamani Impact Capital by functioning as an external facilitator to guide a key strategic conversation on the direction the business should follow to achieve continued performance and ensure sustainability

Phakamani’s board required a clear strategic roadmap to guide the business through to 2030. Having successfully supported numerous mining companies with impactful community initiatives, the organisation reached a pivotal moment. The core strategic challenges to address were:

  1. discover new revenue streams,
  2. leadership succession, and
  3. diversification beyond mining.

CLIENT

PROJECT TYPE

Strategy Facilitation

Duration

2 weeks

INDUSTRY

Impact Investing

Step Advisory conducted in-depth interviews with Phakamani’s leadership and board to shape a comprehensive strategic facilitation session. Key insights were gathered, focusing on:

  • Phakamani’s history, current operations, and future vision.
  • Challenges in building the business, alongside notable organisational achievements.
  • Perspectives on diversification beyond mining and leadership succession for sustainability.
  • Individual board members’ experiences and expectations for the business’s future.

We successfully facilitated a board discussion, guiding the alignment of a unified vision and strategy for Phakamani, based on the collective insights from the interviews and full-day conversation.

Step Advisory delivered a concise strategic plan which incorporated a strategic roadmap to 2030, a clear ambition statement accompanied with five strategic themes aligned with Phakamani’s long-term goals  and lastly, a concise “strategy-on-a-page” document for internal and stakeholder use.

Step showed such ease at getting the board to respond at the strategy facilitation and supported the end-to-end process” 

Sharon Reed, Chief Operating Officer, Phakamani Impact Capital