Coca Cola Beverages South Africa launched the Mintirho Foundation aimed at giving support to emerging farmers.
The foundation has made R400 million available in support of those who form part of the agricultural value chain.
Executive Manager at CCBSA Mintirho Foundation, Gao Mothoagae, says most of the products they produce have agricultural inputs in them, like fruits which they use to make juice.
She says the initiative is a condition set by the Competition Commission to take a better role in terms of development.
With all of the transformation projects we are running, we were challenged by the Commission to see how we can do better on that.— Gao Mothoagae, Executive Manager at CCBSA Mintirho Foundation
One of the conditions was to set aside R400 million for the development of the agricultural value chain focused on historically disadvantaged developing farmers who supply products into our space.— Gao Mothoagae, Executive Manager at CCBSA Mintirho Foundation
So we set aside this money to basically help them develop and be sustainable as well as economically viable into the future.— Gao Mothoagae, Executive Manager at CCBSA Mintirho Foundation
Applications for funding will soon be available on Mintirho Foundation website. Mothoagae says interested candidates can go onto their website to get more information in terms of requirements and qualifying criteria.
To hear more about the Mintirho Foundation, listen below: