RCL Foods Limited · JSE:RCL
RCL Foods — Investor Presentation (September 2014)
11 slides from RCL Foods's investor presentation, September 2014
Slide 1: Land Reform
Land Reform September 2014 Dawie van Rooy
Slide 2: Current JV Partners
Current JV Partners Partner: Ingwenyama Simhulu Trust Hoyi Community JV Company: Libuyile Board Chairman: Mr. M Silinda Partner: Siphumelele Tenbosch Trust Siboshwa Community JV Company: Mgubho Board Chairman: Mr. J. Nyambi Partner: Matsamo CPA Matsamo Community JV Company: Sivunosetfu Board Chairma
Slide 3: Land Restitution History
Land Restitution History • Tenbosch Land Claim gazetted in 2001 by Ngomane Tribe • At the time – biggest land claim in SA • Followed by other land claims – most of Nkomazi was claimed • Became the Greater Tenbosch Land Claim • Total Settlement by Court Case • Some of the land still owned by State –
Slide 4: Cane Supply Area
Cane Supply Area Area Under Cane Ha % TSB Cane Supply Area • Nkomazi 51 054 74% • Pongola 17 840 26% Total 68 904 100% Land Reform Area • Small-scale Growers 10 490 15% • Restituted Land 21 605 31% • PLAS + LRAD 1 952 3% Total 34 047 49% Land Reform Area in Nkomazi 31 829 62% of Nkomazi TSB Owned 1
Slide 5: Philosophy: Three Pillars of Land Reform
Land Reform Philosophy • Three Pillars of Land Reform Partnership Government • Optimise Operations • Sustainable Partnership and Operational Company • Beneficiation of Communities Sustainable Land • Balance of Interests Reform Beneficiaries T SB Operational Community Sustainability Operational Commu
Slide 6: Land Reform Models
Land Reform Models Lease Joint Venture (JV) * Lease for fixed term * Establish joint Operating Company * Smaller Units * 50/50 Shareholding * % of Turnover * Lease Assets from Trust * Joint Steercom * Board of Directors * Low Risk * Low Risk Sustainable Land Reform Management Mentorship (PLAS) * Tru
Slide 7: Land Reform Process
Land Reform Process • Engaged with Commission since 2001 • Offered Land • Agreed on Sustainability Concept • Agreed on pre- and post settlement approach • Post settlement linked to approved Model • Post settlement solution must be agreed before transfer of land • Negotiated a Model, signed MOU (Agre
Slide 8: Skills Transfer
Skills Transfer Production • Assessments Manager • Development Plan Extension Manager Farm Manager • Focus on Community Junior Farm Members Extension Officer Manager • Availability of Skilled people Snr Section • Not much interest in Leader Agriculture Section • Recruit at Schools Leader • Bursaries
Slide 9: Cane JV's: Beneficiation
Cane JV’s: Beneficiation • Libuyile and Mgubho established April 2007 • Sivunosetfu established June 2012 Libuyile, Mgubho & Sivunosetfu Benefits Cane Area (Ha) 10 064 Tons Cane/year (Tons '000) 1 043,1 (25%) Fruit Area (Ha) 283 Turnover R379,7m Annual Financial Benefit (Lease + Dividends) R35,3m %
Slide 10: Summary
Summary • Willingness of all parties to accept sustainable land reform as concept, made successful land restitution possible • Models must be robust • The 3 pillars must be focussed on • Optimise Operations • Sustainable Partnership • Beneficiation of Communities • Balance of Interest must be kept •
Slide 11: Thank you
Thank you TSB Sugar RSA Proprietary Limited PO Box 47 Malalane 1320 T +27 13 791 1000 www.tsb.co.za