Overview
campaign deal type
Equity
available equity
11%
price per share
ZAR 1,000
3500
available shares
investment term
6 years
targeted return
4x
targeted rate of return
31%
Raised
5329000
Investors
27
Targeted Return
4x
Business valuation
ZAR 30,860,000
The Problem
Shuthuka Situated in Kwa Dukuza, Kwa-Zulu Natal - Shuthuka Flagship Farm is an established Macadamia nut farm. The farm spans 208 hectares of which 140 hectares are currently planted with 43 680 Macadamia nut trees (312 trees per hectare).
Shuthuka Flagship Farm has developed a well-managed diversified (from sugar cane) operation to Macadamia farming where the latest in “Best Practice farming” is used as well as aiding potential & current Shuthuka emerging farmers with education and training. The farm currently employs 25 people for the local surrounding community – this number is expected to grow significantly when the first crop is harvested in 2025.
The farm is wholly owned by Shuthuka Holdings – who currently manages all operations of the Macadamia nut farm directly or through one of its subsidiaries. Shuthuka Holdings is specialist service provider in the agricultural and agri-processing space with its core expertise across the whole agri-value chain. Boasting over 100 years of commercial farming experience, they have engaged and managed the value chain of major agricultural businesses across the SADC region.
The Solution
Shuthuka Agri, the consulting arm of Shuthuka Holdings facilitates the farming operations on behalf of previously disadvantaged communities. Accepting the responsibility of overseeing and managing operations in partnership with the landowners and communities with all day-to-day management, technical and financial skills as well as market guidance ensuring that true transformation through real skills transfer by generating years of practical skills.
The harvested Macadamia nuts will be processed for exportation through an off-take agreement with “Nutcracker Processors” – a subsidiary of Shuthuka Holdings. Nutcracker Processors will handle both the processing of the product and exporting the kernel to international markets through “African Trade Platform” which is a sister company to Shuthuka and Nutcracker Processors. Shuthuka leverages from its expertise, holistic service offering and extensive experience to implement effective agric solutions.
Warwick holds a B.Com in Marketing Management from UNISA and an MBA in Finance from Edinburgh Business School’s. Warwick’s expertise is primarily focused on investments into agriculture, manufacturing, engineering, and services industries where he has been involved in various projects over the past decade. Warwick leads the project management team, articulating strategic decisions with the support of his team. Warwick has an in-depth understanding of success triggers for most SMME’s and quickly picks up on strengths and weaknesses allowing the team to harness in on potential risks while enabling the entrepreneur to take full advantage of the opportunities at hand.
The Team
Raised
ZAR
5329000
Targeted Return
4x
Business valuation
ZAR 30,860,000