CityPress - - Business -


At least 500 farm work­ers in Uping­ton are now able to make ends meet after the IDC funded Farm­ers Pride Raisins.

Leav­ing his sta­ble job to pur­sue what he had been yearn­ing to do all his life, Tubby van Heer­den, CEO of Farm­ers Pride, ap­proached the IDC for fund­ing to buy a com­pany that is just a few kilo­me­tres from his home.

He pro­cesses the sought-after dried fruit, in­clud­ing flame, golden seed­less, sun­dried sul­tanas and Thomp­son raisins. Most of the raisins pro­duced by Farm­ers Pride are des­tined for the ex­port mar­ket.

The IDC also fi­nanced a 30% stake for a work­ers’ trust. When many other fun­ders were un­will­ing to take the risk, the IDC was the first to step in to fund a project such as this.


The Or­ange River has been use­ful to farm­ers for decades – they have grown their crops along its banks, us­ing its wa­ter and fer­tile soil to pro­duce citrus, grapes and other cash crops.

But in mod­ern times, the river’s use has been ex­tended be­yond the agri­cul­tural sec­tor and into green in­dus­tries. Elec­tri­cal en­gi­neers are now us­ing its wa­ters to gen­er­ate and sup­ply elec­tric­ity for gen­er­a­tions to come. The Kaka­mas Hy­dro Elec­tric Power project will make use of the river’s ki­netic en­ergy to gen­er­ate 10 megawatts of elec­tric­ity. The project is a run-of-river de­sign at the ex­ist­ing Neus­berg Weir, which feeds wa­ter to the Neus­berg Power Plant.

Aus­tralian engi­neer­ing com­pany Hy­dro Tas­ma­nia part­nered with the IDC, Hy­dro SA, Old Mu­tual, the Kaka­mas Hy­dro Com­mu­nity Trust and Ned­bank to con­struct the Kaka­mas Hy­dro Elec­tric Power project.

The en­ergy mod­el­ling for the project is es­ti­mated at 69.25 gi­gawatts per hour of net elec­tric­ity gen­er­a­tion per year. The out­put could light as many as 5 000 homes.


Kala­gadi Man­ganese is South Africa’s only man­ganese mine part-owned by a fe­male en­tre­pre­neur.

The com­pany is held by ArcelorMit­tal (50%), Kala­hari Re­sources (40%) and the IDC (10%), and has been in­volved in the exploration for man­ganese in the Kala­hari Basin. The three farms on which the com­pany holds new or­der min­ing rights are be­lieved to over­lie about 960 mil­lion tons of man­ganese ore. The project will have a to­tal value of R4.3 bil­lion, and will con­sist of:

An un­der­ground mine to pro­duce 3 mil­lion tons a year of man­ganese ore.

An ore prepa­ra­tion fa­cil­ity and sin­ter plant, which will ben­e­fi­ci­ate the ore into 2.4 mil­lion tons a year of a high-grade sin­ter.

A smelter lo­cated in the Coega In­dus­trial De­vel­op­ment Zone near Port El­iz­a­beth, which will pro­duce 320 000 tons a year of high-car­bon fer­ro­man­ganese. The smelter will con­sume about 700 000 tons a year of the sin­ter, leav­ing 1.7 mil­lion tons for ex­port.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.