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HomeInvestment ProjectsSeeking investment for an apple juice plant

Seeking investment for an apple juice plant

Establishing a greenfield apple-juice concentrate plant: Remmoho Apple Juice Concentrate was established for the production of apple juice concentrate, which is currently in the project development phase.

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.


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