Location
- Bethlehem, Dihlabeng Local Municipality, Thabo Mofutsanyane District Municipality, Free State Province, South Africa.
Economic sectors
- Agriculture and agro-processing.
Company name
Remmoho Capital Investments (Pty) Ltd. (RCI) is a 100% black-owned entity which seeks to drive transformation in the apple industry in the Eastern Free State by establishing a greenfield apple-juice concentrate plant. Remmoho Investments in Agriculture is the main business of RCI, being the production of apples through a 74% equity acquisition of Stead Fruit Growers.
Remmoho Apple Juice Concentrate was established for the production of apple juice concentrate, which is currently in the project development phase.
Project description
- Production of apples. Manufacturing of apple-juice concentrate.
Investment value
- R396.6-million
Funding sources
- Debt and equity finance, grants and new blended finance from select development finance institutions (DFIs)
Funding gap
- R118.9-million
Incentive required
- No less than 30% of total development costs or 50% of capex (estimate)
Jobs to be created
- About 2 500 over the project development cycle
Empowerment
Of jobs at primary production level, more than 70% will be women with average age of 25. A quota system of 55% in favour of unemployed graduates during construction and post-construction phases plus in-service training opportunities for TVET college students. A set aside of 5% of skilled and specialised skills for youth with disabilities.
Project schedule
- In progress, awaiting technical stream of feasibility study∗
Project status
Primary agriculture: implementation phase is currently at 12ha, with plans to scale up to 100ha over the next three years.
Concentrate plant: feasibility phase, bankable business case in place.
Regulatory requirements
- None required
Issues to be resolved
- Water rights, market-related regulation, council permits.
Partnerships
- Thabo Mofutsanyane District farmers, Heineken Beverages.
Contact
Potential investors are encouraged to contact the investment facilitation team here. Please include reference to the project and a brief introduction to your objectives.
