South Africa: Mineworkers Investment Company backs Livestock Wealth
South Africa’s Mineworkers Investment Company (MIC), through the Khulisani Ventures investment vehicle, has invested R10 million (c. $548,687) into the crowd-farming company Livestock Wealth. The business enables everyday citizens to invest in cattle, macadamia and vegetables.
“Inventions and innovations are the engines that power the economy. Livestock Wealth is one such entity, with innovation at its heart. It is the perfect example of the kind of companies we continue to seek out mutually beneficial partnerships with,” says MIC CIO, Nchaupe Khaole.
“Livestock Wealth’s simple way of helping anyone buy and own real profit earning assets while helping farmers grow and maintain assets until ready for market was the enticement that attracted us to the business,” says MIC impact investment manager, Thato Ntseare.
“Farming is one of the oldest pillars of generational wealth. We understood this at Livestock Wealth and created a platform to make investment in farming accessible to anyone, anywhere. Which is why we, at Livestock Wealth, are so thrilled about this partnership with Khulisani Ventures. MIC’s investment in our company will allow us to scale our technology offering and prepare for growth beyond South Africa,” says Ntuthuko Shezi, the chief executive officer of Livestock Wealth.