Magogwe Farming Projects
| Business Location: | Rural area - Farms |
| Province | Limpopo |
| Branch: | Waterberg |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Crop Farming
Game Farming
Broiler Chicken
and Livestock
Challenges/Needs:
The two entrepreneurs first visited SEDFA in June 2023 Seeking business development support. During consultation and assessment, the following challenges were identified:
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Limited to access funding to acquire assets, livestock and infrastructure.
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The owners lack financial management and budgeting skills.
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Limited Resources and knowledge on how to commercialise the farm to reach optimum production levels and be sustainable.
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The farm had recently experienced a significant loss due to unfavourable weather condition, resulting in a significant drop in revenue from R753,770 in the 2022/2023 financial year to R182,436 in the 2023/2024 financial year.
Intervention Insights and Results
Intervention Details:
The client received assistance with developing a business plan and submitting a funding application to Land Bank.
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The business received support through financial management training and Financial Clean up.
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The client continued to receive business advice through consultations from Sedfa.
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The business received support through financial management training and Financial Clean up.
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The client continued to receive business advice through consultations from Sedfa.
Outcome Details:
Turnover increased from R182,436 to R 1 240 186 per annum.
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Three new jobs were created, increasing employment from 7 to 10 jobs.
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Through financial management intervention, the client successfully planned and managed sunflower production, which led to a significant improvement in turnover.
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Three new jobs were created, increasing employment from 7 to 10 jobs.
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Through financial management intervention, the client successfully planned and managed sunflower production, which led to a significant improvement in turnover.
Client Feedback
Client Comments:
We are thankful for SEDA's services; we now see a path forward for our business
