Premium Farmings
| Business Location: | Rural area - Farms |
| Province | Free State |
| Branch: | Fezile Dabi |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Agriculture
Poultry
Challenges/Needs:
The challenges/needs of Premium Farming (Pty) Ltd were:
• Mentoring and coaching (as the business portrayed huge potential for success but was still in
the inception phase).
• Business management and farm management trainings.
• Compliance, including business planning.
• Access to funding, including guidance.
Intervention Insights and Results
Intervention Details:
• Continuous mentoring and coaching
• Business (NYDA) and farm management trainings (SEDA).
• Access to finance, inter alia, legal and general requirements (Business profile and proposal).
• Compliance
• Business (NYDA) and farm management trainings (SEDA).
• Access to finance, inter alia, legal and general requirements (Business profile and proposal).
• Compliance
Outcome Details:
• The turnover of the enterprise increased from R 22 031 to R 147 000.
• Appointment of 4 employees (2 contract-based and 2 permanent employees) excluding the
owner.
• A grant funding of R 50 000 from the National Youth Development Agency.
• Improved business acumen and expertise.
• Improved farm management tactics.
• Appointment of 4 employees (2 contract-based and 2 permanent employees) excluding the
owner.
• A grant funding of R 50 000 from the National Youth Development Agency.
• Improved business acumen and expertise.
• Improved farm management tactics.
Client Feedback
Client Comments:
‘I want to thank Mr. Maya (SEDA Business Advisor) and the people of NYDA for always coming through’
