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Agri SA, Motsepe Foundation boost commercial partnerships in agricultural sector

Agri SA has launched two projects in Limpopo and Mpumalanga to boost the sector's transformation efforts. The projects are the culmination of a joint initiative with the Motsepe Foundation to reimagine development funding and foster greater collaboration to accelerate the inclusivity of the agricultural sector.

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Image source: Gallo/Getty

The Motsepe Foundation and Agri SA, through its subsidiary Agri Enterprises, have identified access to capital as a key constraint facing projects with real potential to support and advance emerging farmers, and have partnered together to find concrete solutions. Due in large measure to a lack of secure land tenure, a number of promising projects around the country have been unable to secure adequate funding for their operations.

Agri Enterprises and the Motsepe Foundation have stepped into this gap, demonstrating the ability and the will of the agricultural sector to help realise the objectives of democratic South Africa.

Funding to farmers

Due to legal and tax requirements and because of the commercial nature of these projects, the Motsepe Foundation facilitated approximately R70m of funding for the first two projects through a company established by the Motsepe Family.

The first of the projects

The second project

The first two projects of this initiative will create and maintain 1,541 jobs (seasonal and permanent) – and will impact 5,705 livelihoods.

Also critical for the success of the initiative has been securing the buy-in of communities, and of their leaders.

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