The Ithala Development Finance Corporation (IDFC) officially launched the commercial cattle farm called Mbali Boerdery (Pty) Ltd on Friday, May 3, in Bergville.
Founded by Mr Sydney Mbali Bongani Makhubo, the farm initially started off as an informal operation in 2014.
Mbali Boerdery (Pty) Ltd was officially registered in 2018, laying the foundation for its remarkable journey of growth and impact.
With support from the IDFC, Mbali Boerdery (Pty) Ltd secured funding of R5.8 million in October last year (2023), facilitating the acquisition of 231 pregnant breeding cows which bolstered the farm’s herd to a robust 269.
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This injection of capital has enabled the farm to scale up its operations and further its commitment to sustainable beef cattle production.
Presently, the farm focuses on the meticulous management of its pregnant cows, with plans underway to introduce eight bulls during lactation.
Anticipating the future, Mbali Boerdery (Pty) Ltd aims to commence the sale of weaners six months from inception, marking a pivotal step towards long-term viability and growth.
Mr Sihle Mkhize, chairman of the Board of Directors at IDFC, underscores the significance of this endeavour as he states that, “This venture embodies the resilience and potential inherent in our communities. By empowering entrepreneurs like Mr Makhubo, we not only foster economic growth, but also nurture the spirit of innovation and enterprise in rural areas.”
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