Our empowerment philosophy
At Kromco we believe that the main focus of empowerment should be education. We also prefer to empower in our own geographical area and make a difference where our business has a footprint. We are registered as a strategic partner with government with regard to land reform. We currently assist black farmers by supplying them with services such as storage, packing, marketing, technical and financing. We encourage shareholders to initiate empowerment projects and will support them as far as possible.
Our philosophy is to contribute towards education, focusing specifically on the youth. We believe this focus will have the biggest impact since they are the leaders of tomorrow. We have an on-site clinic and also supply transport to and from work for most of our staff. We contribute to the BEF (Botrivier Education Foundation), De Rust Futura School, the Elgin Foundation, as well as other smaller education suppliers. We also supply our people with training in literacy, numeracy, basic life skills and financial skills.
Clinic on site
Supporting the Botriver Education Foundation
Transport to and from work
Forklift and tractor driver training
Safety and first aid
Job role specific training
Enterprise development initiatives
We jointly founded a majority black owned training company in which Kromco has a 19% shareholding. We support this company financially and also supply them with certain services and facilities.
Black shareholding: 62%
Beneficiaries: 105 (45 male, 62 female)
Total surface hectares: 144 ha
Funding method: LRAD Government Fund
Black shareholding: 100%
Beneficiaries: 1 (1 male, 0 female)
Total surface hectares: 100 ha
Funding method: Landbank loan
New horizons - watch this space!
We are planning to double our empowerment hectares! One possibility under investigation is a green fields project on 300ha of virgin land. The plan is to develop 120 ha of apples and pears in a joint venture between a Kromco-shareholder (white commercial farmer) and 4 junior farm managers in his employ. Over time the white partner will exit, making it 100% black owned. The new business will hold shares in Kromco.