RPT-Black South African olive oil producer calls for more state support

Reuters
2024-10-01

(Repeats to more subscribers)

By Sisipho Skweyiya and Tannur Anders

STELLENBOSCH, South Africa, Oct 1 (Reuters) - Fed up with his call centre job, Loyiso Manga set his sights on becoming one of South Africa's first Black olive oil producers.

He struggled to buy a farm because he could not secure funding, but eventually found a partner that supplies him with olive oil that he blends into his own signature product.

Manga's brand has started to take off, with bottles of his olive oil stocked by upmarket South African retailer Woolworths.

He wants to see more support from the government so he can grow his business into one that will last for generations.

"There are a lot of us who come from my position who want access to land," Manga told Reuters. "We don't have a warehouse nor a farm, but that just goes to prove the market is there."

South Africa's Western Cape province, with its Mediterranean climate, is ideal for olive farming. But it is a capital intensive process, with farmers needing to wait four to five years before their olive trees produce the yield needed for a harvest.

An agriculture ministry spokesperson said the government was allocating land to emerging farmers, but she did not respond to questions about state support for emerging olive oil farmers specifically.

(Reporting by Sisipho Skweyiya and Tannur Anders; Writing by Tannur Anders; Editing by Alexander Winning and Alex Richardson)

((Tannur.Anders@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10