Molam’s Farming (R13.2 million)

Project summary

The Molam’s Farming project is a start-up primary agricultural enterprise, focusing on grain (maize and sunflower), groundnuts and soybeans production. The promoter in the business is Mr Mopadi Molamu, a 30% shareholder. Other shareholders are Bakolobeng clan (30%), Deelplan Community (20%), and the NEF (20%). As part of this investment, a technical partner (Lantek SA) has been secured to provide technical assistance for a 3-year period. NWK (a major grain and soybeans buyer) and the New Nut Company (largest groundnut buyer in South Africa) will uplift 100% of the production based on a signed off-take agreement. This investment provides food security and reduces import dependency.