Capital Harvest emerging Farmer Finance is a privately owned niche agricultural financier. It has offices in Stellenbosch and Free state. The company operates through a network of other partnerships which enable it to have a national foot print . The company finances production inputs, mechanisation, poultry projects, dairy and piggery projects farm purchase, upgrade of production facilities, development of new plantings and orchards.
Retmil has been with sefa since 2004 and focus on providing access to funding to SMEs in the Free State Province. In April 2011, Retmil’s accounts were consolidated into one account with a new repayment plan extending over 7 years and monthly instalments of R633k. On the 15 August 2012, the sefa Board approved a new business loan of R30m.
Mettle Administrative Services (Pty) Ltd. (MAS) has been with sefa since 2010. MAS provide working capital finance to panel beaters by way of discounting invoices issued to various short-term insurance companies and corporates that self-insure. The product is marketed to panel beaters and MAS enters into strategic relationships with the insurers and corporates. Therefore, the business model of MAS can be summarised as that of assuming credit risk on approved motor insurance companies and corporates and not the panel beater.
Cape Capital has been with sefa since 2010 and is based in the Western Cape.
Capx was approved by sefa in March 2013. CapX provides invoice discounting to SMEs. Its target market includes growing businesses experiencing cash flow pressures. Invoice discounting provides these enterprises with instant cash to meet their short obligations by releasing the working capital tied up in debtors.
