Since 2010 Capital Harvest launched various business initiatives as an extension of the Capital Harvest business model.
Capespan Capital (Pty) Ltd
During 2011 Capital Harvest entered in discussions with the Capespan group, the largest fruit export and logistics group in South Africa. The Capespan group had a significant financial exposure as a result of productions loans which were awarded to producers. The Capital Harvest business plan which was presented to Capespan, suggested that the total producer debtor book be transferred to a new company, Capespan Capital (Pty) Ltd ("CC"). Capespan and Capital Harvest will be the shareholders of the new company with Land Bank as the funding partner. The full credit and debtor management functions will then be contracted to Capital Harvest.
CC was formally established on 1 November 2013.
Capital Harvest Emerging Farmer
Finance (Pty) Ltd
It is an indisputable fact that the future success of agriculture in South Africa South is dependent upon the successful integration of the emerging farmer into commercial agriculture. The original Capital Harvest business plan set as a goal the establishment of a successful financing model for the emerging farmer and Capital Harvest Emerging Farmer Finance (Pty) Ltd ("CHEFF") was established to give execution to this goal.
After various qualifying emerging farmers were identified by means of existing Capital Harvest networks, the Small Enterprise Finance Agency ("SEFA") was approached to obtain the necessary funding lines for CHEFF. After completion of the SEFA due diligence, a funding line was approved for CHEFF and on 15 December 2013 CHEFF was formally established.