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HomeAgriculture, Forestry, FishingFree State tourism and sheep farming project

Free State tourism and sheep farming project

The project incorporates the development of accommodation, tourism and game farming as well as sheep farming on a 395 hectare farm in the Free State.

  • Location: Rosendal, Dihlabeng Local Municipality, Thabo Mofutsanyana District, Free State Province, South Africa.
  • Economic sector: Tourism, Renewable Energy, Agriculture
  • Company name: Mosamane Holdings

Project description

On a 395 hectare farm the following projects are to be developed:

  • Tourism and game farming: 150 ha mountainous area for small game; self-catering backpackers lodge, a four-star lodge and family chalets
  • Intelligent sheep farming: To deliver 12 500 sheep for local and overseas markets
  • World-class training centre
  • Solar-energy plant

Investment value: R550-million

Funding sources

Impact Empowerment Ventures committed R80-million in 2021 and have so far invested R14.2-million. We intend attracting venture capitalists, private investors and public investors and entities.

Funding gap: R470-million

Jobs to be created: 650

Empowerment: Women, 55% of workforce; youth, 45%; people with disabilities, 5%

Project schedule and current status

  • Five-year timeline, with phase one in the first quarter of 2024.
  • Currently at pre-implementation phase, funding required to go into full implementation.
  • Intelligent Sheep Farming has been in operation for two years and it is ready to scale up.

Regulatory requirements: EIA process has begun. More funding is needed for this phase. No other issues to be resolved.

Partnerships

Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA), Impact Empowerment Ventures, Agri All Africa, Agri X, Department of Agricultural Economics at University of Pretoria, Bengu Farm.

Return on investment: Investors will get a full benefit on their investment.

Enquiries

Potential investors in this project are asked to contact the project manager here with a brief introduction and summary of business/investment objectives:

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