Evaluation Reports

Richmond Opkomende Boere Cooperative

Close-out Evaluation Report
24 August 2018

The new leadership of the project implemented a turnaround strategy that required farming with merino sheep. This with the loan obtained from the National Empowerment Fund (NEF) and the additional funding from the NDA has had positive results on the project.

The project has to-date within 10 months grown the livestock herd to 1031 animals and 400 lambs at the time of the evaluation visit. In the interim the project has had receipts of approximately R 541 822 and paid wages and salaries to the amount of R319 904, income that has reduced the dependencies of beneficiaries on social grants. Currently the project has made loss of R1 276 212 for the financial year but has been able to meet all its commitments.