ZAR250 million (€15.8 million or USD18.9 million)
The NEF has entered into a 49/51% joint venture with Nyamane Agro Foods to undertake a BFS into the establishment of a tomato paste manufacturing facility in KwaZulu-Natal province. The factory shall have total annual throughput of 72 000 tons of fresh tomatoes and nameplate capacity of ±7 500 ton tomato paste. The BFS is to be completed in early 2018 and the projected financial close funding is R250 million (€15.82 million or USD18.97 million) .
|Project Development Stage||Bankable Feasibility Study|
|NEF Investment to Date||ZAR9 million (€570 000USD679 000)|
|Project Promoter||Nyamane Agro Foods|
|Projected Financial Close Requirement||ZAR250 million (€15.8 million or USD18.9 million)|
|Jobs Created||200 construction 94 direct (308 indirect)|