MYSOL EXPOSES HOW HE MAKES MILLIONS

Summary

MySol (Solomon Soka Madidela) describes building his business through early trading and event work, then drawing on 15 years of mining-industry experience to start a mining-services company. A central point of his account is that mining contracts require demonstrated technical capability and sufficient working capital—not just personal connections.

Business journey and strategy

• Built businesses in stages: He says he first organized events and sold alcohol, then moved into groceries and small-scale trading, including diesel.
• Entered construction supply: He supplied G5, a road-base material used before asphalt is laid, to contractors working on the N4 highway between Brits and Rustenburg. He says this business generated a good living.
• Used industry experience to compete: Before starting his own company, he worked in Witbank for 15 years at companies he now competes with. He describes roles including demolition engineer, technical production officer, foreman, and site manager. He presents this experience as preparation for running a mining business, rather than relying on connections.
• Developed a personal brand: He says “My Soul” came from “SOL,” the first three letters of his name, and “My.”

Mining-contract process described

MySol outlines what he calls the “Cooper system”—the transcript’s spelling may be inaccurate—as a formal procurement and qualification process:

1. Applicants submit evidence of their qualifications, relevant experience, technical capability, and financial capacity.
2. A technical panel assesses whether a company can meet production requirements. One example raised in the interview is planning for production of 80,000 units; the unit and timeframe are unclear.
3. A group of roughly five to eight companies may be shortlisted to present their proposals.
4. Senior company representatives—including executives, general managers, and transformation managers—review the submissions and make decisions.

His account emphasizes that contractors must be able to show they can deliver, not merely obtain an introduction or local connection.

Operating requirements and cash flow

• Long payment cycles: He says mining contractors may wait about 90 days to be paid.
• Working-capital needs: Businesses must cover expenses during that period, including diesel, salaries, and vehicles. Financial capacity is therefore both a key qualification and an operational necessity.
• Practical implication: Contractors should plan for delayed customer payments and secure enough funding to maintain operations until invoices are settled.

Metrics and claims

Interviewers ask whether the business once made about 60 million per month and now makes 200 million. MySol does not confirm these figures and says he will not disclose his earnings. The currency and whether the numbers refer to revenue or another measure are not established in the subtitles.

He says his company is subject to frequent tax scrutiny, but the transcript’s explanation of the relevant SARS business category is unclear. These statements are his account and are not independently verified metrics.

Management and reputation

MySol says he is protecting his business’s image in response to public allegations and discusses legal action and a court order. The dispute occupies much of the interview, but the subtitles do not establish the allegations or the legal outcome.

His account suggests that reputation and legal risk can become significant management concerns for a high-profile business, though the interview does not describe a specific reputation-management process.

Practical takeaways

• Build relevant operating experience before entering a complex, capital-intensive industry.
• Treat procurement as a qualification process: document expertise, technical plans, and financial capacity.
• Model cash flow for long payment terms, including payroll, fuel, and equipment or vehicle costs.
• Start with adjacent trading or supply opportunities, then expand as experience and capabilities grow.

Presenters and sources

The interview features MySol (Solomon Soka Madidela), with presenters Mac G and Sol Phenduka on Podcast and Chill.